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. (TXRH) is a casual dining restaurant company whose news flow reflects its focus on restaurant operations, growth, and capital allocation. The company operates the Texas Roadhouse, Bubba’s 33, and Jaggers concepts, and reports on both company-operated and franchised restaurants in the United States and abroad. News updates frequently describe system-wide restaurant counts across 49 states, one U.S. territory, and ten foreign countries, highlighting ongoing development and franchise activity.
Investors following TXRH news can expect regular coverage of quarterly and annual financial results, where the company reports total revenue, income from operations, net income, and diluted earnings per share. These releases provide detail on comparable restaurant sales, average weekly sales, to-go sales, restaurant margin, and store week growth. Management commentary in these updates often addresses commodity inflation, wage and labor trends, and the company’s approach to maintaining its value proposition and operational focus.
News items also cover capital allocation decisions, including quarterly cash dividend declarations and stock repurchase authorizations. The Board of Directors has approved recurring cash dividends and has authorized stock repurchase programs, and these actions are disclosed through press releases and 8-K filings.
Another key category of TXRH news involves development and franchise acquisitions. The company announces the opening of new company restaurants and franchise restaurants and provides updates on acquisitions of domestic franchise locations, including the number of units acquired and the role of these acquisitions in store week growth.
Corporate governance and leadership changes are reported through 8-K filings and related announcements. Recent news has detailed executive appointments and role changes, such as the appointment of a Chief Financial Officer, Chief Accounting and Financial Services Officer, Chief Growth Officer, and Executive Vice Chairman, as well as Board appointments and succession planning steps.
In addition, brand and retail news appears in partnership announcements, such as the launch of licensed Texas Roadhouse dairy dips manufactured and distributed by West Madison Foods. These stories highlight how the company extends its brand beyond restaurant walls. For ongoing insight into TXRH’s performance, strategy, and brand initiatives, readers can review the latest news items and earnings releases associated with Texas Roadhouse, Inc.
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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.
Texas Roadhouse, Inc. (NasdaqGS: TXRH) will announce its fourth quarter 2022 financial results on February 16, 2023, after market close. A conference call is scheduled for 5:00 PM ET, and it will be streamed live on the company's investor relations website. Interested parties can join the call by dialing (888) 440-5667, with international access available at (646) 960-0476. A replay will be available until February 23, 2023. Texas Roadhouse operates over 690 restaurants across the US and internationally, focusing on casual dining.
Texas Roadhouse, Inc. (Nasdaq: TXRH) announced the promotion of Gina Tobin to President, previously held by CEO Jerry Morgan. Tobin, a 27-year veteran of the company, has held various roles including Managing Partner and Vice President of Training. This restructuring creates a clear succession plan, allowing Morgan to focus more on field operations. Tobin will oversee various departments including Food, Service, Training, Research & Development, and Diversity & Inclusion, enhancing operational efficiency as the company continues to expand with over 690 restaurants globally.
On January 4, 2023, Tonya Robinson retired as Chief Financial Officer of Texas Roadhouse after more than 24 years with the company. Robinson joined Texas Roadhouse in 1998 and held various roles, becoming CFO in May 2018. CEO Jerry Morgan praised her contributions. Keith Humpich, Vice President of Finance, has been appointed as interim CFO while the company seeks a permanent successor through an executive search firm. Texas Roadhouse operates over 690 restaurants in the casual dining sector across the U.S. and internationally.
Texas Roadhouse has announced a cash dividend of $0.46 per share, authorized by its Board of Directors on November 10, 2022. This dividend will be distributed on December 23, 2022, to shareholders who are on record by the close of business on December 7, 2022. The company, which operates over 690 restaurants across 49 states and ten foreign countries, continues to demonstrate its commitment to returning value to shareholders.
Texas Roadhouse reported Q3 2022 revenue of $993.3 million, a 14.3% increase year-over-year, with year-to-date revenue at $3.0 billion (up 17.0%). Net income rose 18.5% to $62.3 million, while diluted EPS increased 23.7% to $0.93. Comparable restaurant sales saw an 8.2% rise at company locations. Despite commodity and labor inflation affecting margins, the company opened 5 new domestic and 2 international restaurants. Looking ahead, Texas Roadhouse anticipates continued sales growth and up to 30 new openings in 2023.
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