Texas Roadhouse Inc Stock Price, News & Analysis

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.

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.