Fri, Feb 28, 4:42 PM (58 days ago)
Texas Roadhouse, Inc. (TXRH) reported significant financial growth for the fiscal year ending December 31, 2024. Total revenue increased by 16.0% to $5.4 billion, driven by an 8.5% rise in comparable restaurant sales and a 7.5% increase in store weeks. Net income surged 42.2% to $433.6 million, with diluted earnings per share rising to $6.47. Restaurant margin also improved, reaching 17.1% of sales, attributed to higher average checks and labor productivity despite inflationary pressures. The company opened 31 new restaurants and plans to continue expanding, particularly in domestic and international markets. Capital expenditures totaled $354.3 million, focusing on new developments and refurbishments. The Board declared a quarterly dividend of $0.68 per share and approved a new $500 million stock repurchase program, reflecting ongoing shareholder value initiatives. Risks include labor shortages, inflation, and competitive pressures in the casual dining sector. Texas Roadhouse remains well-positioned, with no outstanding borrowings on its $300 million credit facility, indicating strong financial health.