Welcome to our dedicated page for Texas Roadhouse news (Ticker: TXRH), a resource for investors and traders seeking the latest updates and insights on Texas Roadhouse stock.
Texas Roadhouse, Inc. reports developments tied to its casual dining restaurant business, including quarterly earnings, restaurant sales, operating costs, new restaurant development, franchise acquisitions and capital allocation. The company operates and franchises concepts that include Texas Roadhouse, Bubba's 33 and Jaggers, with the Texas Roadhouse steakhouse concept providing the largest share of revenue.
Recurring news also covers dividend declarations, share repurchases, board appointments and executive leadership changes. Company updates commonly discuss restaurant-level performance, food and labor costs, domestic and international footprint expansion, and governance actions affecting the management of the restaurant portfolio.
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Texas Roadhouse, Inc. (NASDAQ: TXRH) has announced that it will release its first quarter 2023 financial results on May 4, 2023, following the market's close. A conference call is scheduled for 5:00 PM ET to discuss the results, and it will be accessible via webcast on the company's investor relations website. Interested parties can also join the call by phone, with a replay available until May 11, 2023. Founded in 1993, Texas Roadhouse operates over 700 locations across 49 states and 10 countries, focusing on the casual dining sector. The company invites shareholders and investors to engage in the call to gain insights into its financial performance.
Texas Roadhouse reported strong financial results for the 13 and 52 weeks ended December 27, 2022, with total revenue of $1.01 billion for Q4 and $4.01 billion for the year, reflecting increases of 12.7% and 15.9%, respectively. Net income rose by 12.8% in Q4 to $59.87 million, with diluted earnings per share growing 17.4% to $0.89. The company announced a 20% increase in its quarterly dividend to $0.55 per share and plans to open 25 to 30 new restaurants in 2023. Comparable restaurant sales grew 15.8% in the first quarter of 2023, supported by a planned 2.2% menu price increase.