Texas Roadhouse Inc Stock Price, News & Analysis

Texas Roadhouse announced the promotion of Jerry Morgan to Chief Executive Officer, effective immediately. This change follows the passing of founder and CEO Kent Taylor on March 18, 2021. The succession plan, which was led by Taylor, is designed to ensure stability for the restaurant company. Morgan, a 23-year veteran of Texas Roadhouse, has over 35 years of restaurant management experience. He previously served as President and has been recognized with the Managing Partner of the Year award. Texas Roadhouse operates over 630 restaurants across 49 states and internationally.

Texas Roadhouse has announced the passing of its founder and CEO, Kent Taylor, on March 18, 2021. The Board of Directors expressed deep sorrow over his loss, highlighting Taylor's dedication to building the company and his selfless act of forgoing his compensation during the pandemic to support frontline workers. Taylor founded Texas Roadhouse in 1993 and held significant leadership roles, including Chairman. The company now operates over 630 restaurants across 49 states and ten countries, reflecting his legacy as a people-first leader.

Texas Roadhouse (NasdaqGS: TXRH) reported Q4 2020 results, revealing a 12% revenue decline to $637.9 million compared to $725.2 million in 2019. Net income dropped 54.2% to $19.5 million, with diluted EPS at $0.28, down 54.3%. The pandemic severely impacted operations, with 8.9% decrease in comparable restaurant sales. Despite challenges, the company opened 22 new restaurants in 2020. Looking ahead, TXRH plans 25 to 30 new openings in 2021, contingent on pandemic-related restrictions.

Texas Roadhouse (TXRH) announced its fourth quarter 2020 financial results will be released on February 18, 2021, after market close. A conference call will take place at 5:00 PM ET, accessible via phone or a live webcast on their website. The call will include a replay option until February 25, 2021. Currently, Texas Roadhouse operates over 630 locations across 49 states and ten countries, having established itself since 1993 as a popular casual dining chain.

Texas Roadhouse, Inc. (TXRH) has appointed Jerry Morgan as President, effective January 2021. Morgan, a 23-year veteran of the company, previously served as Regional Market Partner overseeing 120 restaurants. CEO Kent Taylor, who held the presidential role previously, aims to focus on the growth of brands like Bubba’s 33 and expand the retail initiatives. Morgan brings significant operational expertise and plans to engage with the Support Center team to enhance service delivery. This leadership change is positioned to strengthen the company's strategic growth for the future.

Texas Roadhouse (TXRH) reported financial results for the 13 and 39-week periods ending September 29, 2020. Q3 revenue dropped 3.0% to $631.2 million, with year-to-date revenue down 13.3% to $1.76 billion. Net income for Q3 fell 20.0% to $29.2 million, while year-to-date net income plummeted 91.1% to $11.7 million. Comparable restaurant sales decreased 6.3% in Q3, with notable declines at domestic franchises. Despite challenges, the company plans to open 20 restaurants in 2020 and has introduced an online butcher shop. Cash on hand increased to $328.6 million.

Texas Roadhouse announced it will release its third quarter 2020 financial results on October 28, 2020, after market close. A conference call will follow at 5:00 PM ET, available via webcast on the company’s investor relations webpage. The call can also be accessed by phone. A replay will be available until November 4, 2020.

Texas Roadhouse operates over 620 restaurants across 49 states and ten foreign countries. For more details, visit www.texasroadhouse.com.

Texas Roadhouse reported a significant decline in financial performance for the 13 and 26 weeks ending June 30, 2020, due to the COVID-19 pandemic. Total revenue dropped by 30.9% to $476.4 million in Q2 and by 18.2% year-to-date. Net income saw a substantial loss of $33.6 million compared to a profit of $44.8 million in 2019. Comparable restaurant sales dipped 32.8% in Q2, although some recovery was noted in June. The company increased its revolving credit facility by $82.5 million to enhance liquidity, ending the quarter with $282.5 million in cash. The 2020 financial outlook has been withdrawn.

Texas Roadhouse (TXRH) will announce its second quarter 2020 financial results on August 3, 2020, after the market closes. A conference call is scheduled for 5:00 PM ET on the same day, which will be available via webcast on the company's investor relations website. Listeners can join the call by phone, with options for both domestic and international calls. A replay of the call will be accessible until August 10, 2020.

The casual dining chain operates over 615 restaurants across 49 states and ten countries.