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.
Texas Roadhouse reported robust financial results for the 13 weeks ending March 29, 2022, with a 23.3% increase in total revenue to $987.5 million. Net income rose 17.2% to $75.2 million, driving diluted earnings per share to $1.08, an 18.5% increase year-over-year. Comparable restaurant sales saw a 16.0% increase at company locations. Despite challenges from commodity inflation of 17.0%, the company opened five new restaurants and maintained a solid cash position of $325.7 million. The board approved a $300 million stock repurchase program, reinforcing shareholder confidence.
Texas Roadhouse (TXRH) will announce its first quarter 2022 financial results on May 5, 2022, after market close. A conference call is scheduled for 5:00 PM ET, available via webcast on their investor relations website. For those wishing to participate via phone, they can call (888) 440-5667 for domestic or (646) 960-0476 for international access. A replay of the call will be available until May 12, 2022.
With over 670 locations in 49 states and ten countries, Texas Roadhouse has continued its expansion since its inception in 1993.
Texas Roadhouse reported strong financial results for Q4 2021, boasting a total revenue of $895,586, a 40.4% increase from 2020. The company achieved a net income of $53,058 and diluted earnings per share of $0.76, marking a 171.7% rise year-over-year. Comparable restaurant sales rose significantly, with company locations seeing a 33.1% increase. The company also announced a 15% increase in its quarterly dividend to $0.46 per share. With a solid cash position of $335.6 million, Texas Roadhouse is poised for growth in 2022, planning to open 25 new locations despite ongoing commodity inflation.
Texas Roadhouse (TXRH) will release its fourth quarter 2021 financial results on February 22, 2022, after market close. A conference call will take place at 5:00 PM ET, available via webcast on the company's investor relations website. Investors can also join the call by dialing specific numbers for domestic and international access, with a replay option until March 3, 2022. Texas Roadhouse operates over 660 restaurants across 49 states and ten countries, providing a casual dining experience since its establishment in 1993.
Texas Roadhouse has partnered with Sparkfly to enhance its guest experience by integrating in-store and online point-of-sale systems. The collaboration aims to create a comprehensive digital ecosystem that connects purchases and offers through the brand's mobile app. Sparkfly's offer management platform will enable Texas Roadhouse to provide real-time personalized offers, improving customer engagement. The restaurant chain operates over 611 locations globally and is renowned for its hand-cut steaks and lively atmosphere.
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.