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 (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.
Texas Roadhouse (TXRH) reported financial results for the 13 weeks ending March 31, 2020. Total revenue was $652.5 million, down 5.5% from $690.6 million in Q1 2019. Net income dropped 68.2% to $16 million, with diluted EPS at $0.23, down 67.1%. March comparable restaurant sales fell 29.7%, significantly impacted by COVID-19. The company shifted to a To-Go operating model and has implemented safety protocols for employees. Cash on hand is $230.6 million, with $190 million in debt. The financial outlook for 2020 has been withdrawn due to uncertainty.