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.
Texas Roadhouse (Nasdaq: TXRH) announced a cash dividend of $0.40 per share on November 11, 2021. This dividend will be paid on December 23, 2021, to shareholders of record by the close of business on December 8, 2021. Texas Roadhouse operates 660 restaurants across 49 states and 10 countries and is known for its casual dining experience.
Texas Roadhouse (TXRH) reported robust financial results for Q3 2021, with total revenue reaching $868.9 million, up 37.7% from 2020. Net income surged 80% year-over-year to $52.6 million, translating to diluted earnings per share of $0.75. Comparably, year-to-date revenue rose to $2.57 billion, a 45.9% increase.
The company opened seven new restaurants and resumed stock repurchases, acquiring 161,034 shares. However, they faced challenges with 13.9% commodity inflation and increased general and administrative expenses impacting margins.
TEXAS ROADHOUSE, INC. (TXRH) will announce its Q3 2021 financial results on October 28, 2021, after market close. A conference call will commence at 5:00 PM ET and be accessible via the investor relations section of its website. Interested listeners can also join through designated phone numbers for both U.S. and international calls. A recorded replay of the call will be available until November 4, 2021, using specific passcodes. Texas Roadhouse operates over 650 restaurants in 49 states and 10 countries.
Texas Roadhouse (Nasdaq: TXRH) has announced a cash dividend of $0.40 per share, approved by its Board of Directors on August 12, 2021. This dividend will be distributed on September 24, 2021, to shareholders of record by the close of business on September 8, 2021. The casual dining chain has expanded significantly since its inception in 1993, operating over 650 restaurants across 49 states and 10 countries. Investors are encouraged to review the company’s filings for potential risks affecting stock performance.
Texas Roadhouse (TXRH) reported strong financial results for Q2 2021, with total revenue of $898.8 million, an 88.7% increase year-over-year. Net income surged to $75.5 million, compared to a loss of $33.6 million in Q2 2020. Diluted earnings per share reached $1.08, up from a loss of $0.48. The company opened eight restaurants during the quarter and reported significant growth in comparable restaurant sales, 80.2% over 2020. However, challenges like commodity inflation of approximately 7% persist. The company reinstated its dividend and repaid short-term debt, ending the quarter with $483.4 million in cash.
Texas Roadhouse (TXRH) will announce its second quarter 2021 financial results on July 29, 2021, after market close. A conference call is scheduled for 5:00 PM ET, which will be accessible via webcast on the company's investor relations website. Interested participants can also join by phone. A replay of the call will be available until August 5, 2021. The company operates over 640 restaurants across 49 states and 10 countries, emphasizing its growth since its inception in 1993.
Texas Roadhouse (TXRH) reported strong financial results for Q1 2021, with total revenue of $800.6 million, up 22.7% from 2020. Net income surged to $64.2 million, translating to diluted earnings per share of $0.91. Comparable restaurant sales increased by 18.5% compared to 2020 and 8.6% versus 2019. The company reinstated its quarterly dividend at $0.40 per share, set to be paid on June 4, 2021. Despite pandemic challenges, the company successfully navigated reopening restrictions, achieving a solid cash position of $495.6 million and continued expansion plans with 25-30 new openings in 2021.
Texas Roadhouse, Inc. (TXRH) will release its first quarter 2021 financial results on April 29, 2021, after market close. A conference call is scheduled for the same day at 5:00 PM ET, which will be accessible via webcast on the company's investor relations website. The call can also be joined by phone, with a replay available until May 6, 2021. Texas Roadhouse has expanded to over 630 restaurants across 49 states and ten countries since its inception in 1993.
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.
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