Texas Roadhouse, Inc. Announces Second Quarter 2026 Results
Rhea-AI Summary
Texas Roadhouse (NasdaqGS: TXRH) reported second quarter 2026 total revenue of $1.68 billion, up 11.1% year over year, with net income of $121.9 million versus $124.1 million and diluted EPS of $1.85 versus $1.86. For the first 26 weeks, revenue rose 11.9% to $3.31 billion and diluted EPS increased 4.2% to $3.72.
Company comparable restaurant sales grew 6.2% in Q2 and 6.7% year-to-date, while restaurant margin dollars rose 6.9% in Q2 but margin rate declined to 16.4% due to commodity inflation of around 7% and wage inflation of 3.9%. Operating cash flow for the first half was $439.2 million; the company opened 13 company and three franchise restaurants and spent $71.8 million on franchise acquisitions.
The board approved a quarterly cash dividend of $0.75 per share, payable September 29, 2026, to shareholders of record on September 1, 2026. Management expects 2026 commodity inflation of about 5%, wage inflation of 3–4%, store week growth of 5–6%, and total capital expenditures of approximately $400 million, with an effective tax rate near 14%.
Positive
- Total revenue up 11.1% in Q2 and 11.9% year-to-date
- Comparable restaurant sales growth of 6.2% in Q2 and 6.7% year-to-date
- Diluted EPS year-to-date increased 4.2% to $3.72
- Operating cash flow of $439.2 million in first 26 weeks
- Quarterly dividend raised to $0.75 per share versus $0.68 year ago
- Unit expansion with 13 company and three franchise openings year-to-date plus $71.8 million in franchise acquisitions
Negative
- Q2 income from operations declined 2.4% year over year to $142.8 million
- Q2 net income decreased 1.7% to $121.9 million
- Restaurant margin rate compressed 66 bps in Q2 to 16.4%
- Commodity inflation of about 7.0% and wage inflation of 3.9% pressured costs
- General and administrative expenses rose to $72.4 million from $62.8 million in Q2
- Long-term debt increased to $50 million from zero at year-end 2025
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 07 | First-quarter earnings | Positive | +12.3% | Revenue, operating income, net income, and diluted EPS all increased year over year. |
| Feb 19 | Fourth-quarter earnings | Positive | -2.0% | Quarterly and annual revenue and diluted EPS increased, while the stock declined. |
| Nov 06 | Third-quarter earnings | Positive | +2.7% | Revenue and comparable sales increased, although quarterly diluted EPS declined. |
| Aug 07 | Second-quarter earnings | Positive | -6.6% | Revenue, net income, and diluted EPS increased despite lower restaurant margin. |
| May 08 | First-quarter earnings | Positive | +4.8% | Revenue, comparable sales, net income, and diluted EPS increased year over year. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
TXRH's earnings announcements produced mixed reactions, with three aligned positive responses and two divergences despite generally positive reported results.
Key Terms
gaap financial
non-gaap measures financial
comparable restaurant sales financial
noncontrolling interests financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Declares Quarterly Dividend of
LOUISVILLE, Ky., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc. (NasdaqGS: TXRH) today announced financial results for the 13 and 26 weeks ended June 30, 2026.
Financial Results
Financial results for the 13 and 26 weeks ended June 30, 2026 and July 1, 2025 were as follows:
| 13 Weeks Ended | 26 Weeks Ended | |||||||||||||||||
| ( | June 30, 2026 | July 1, 2025 | % change | June 30, 2026 | July 1, 2025 | % change | ||||||||||||
| Total revenue | $ | 1,679,976 | $ | 1,512,054 | 11.1 | % | $ | 3,313,142 | $ | 2,959,702 | 11.9 | % | ||||||
| Income from operations | 142,788 | 146,341 | (2.4 | %) | 289,129 | 281,074 | 2.9 | % | ||||||||||
| Net income | 121,933 | 124,085 | (1.7 | %) | 245,366 | 237,747 | 3.2 | % | ||||||||||
| Diluted earnings per share | $ | 1.85 | $ | 1.86 | (0.7 | %) | $ | 3.72 | $ | 3.57 | 4.2 | % | ||||||
Results at company restaurants for the 13 weeks ended June 30, 2026, as compared to the prior year as applicable, included the following:
- Comparable restaurant sales increased
6.2% and store weeks increased5.0% ; - Average weekly sales were
$177,252 of which$25,369 were to-go sales as compared to average weekly sales of$167,350 of which$22,243 were to-go sales in the prior year; - Restaurant margin dollars increased
6.9% to$275.1 million from$257.3 million in the prior year primarily due to higher sales. Restaurant margin, as a percentage of restaurant and other sales, decreased 66 basis points to16.4% as commodity inflation of7.0% and wage and other labor inflation of3.9% were partially offset by higher sales; - Diluted earnings per share decreased
0.7% primarily driven by higher general and administrative expenses and higher depreciation and amortization expenses partially offset by higher restaurant margin dollars and the impact of share repurchases; - Nine company restaurants and one franchise restaurant were opened; and
- Cash provided by operating activities was
$180.1 million and capital allocation spend included capital expenditures of$98.7 million , dividends of$49.3 million , and repurchases of common stock of$42.6 million .
Results at company restaurants for the 26 weeks ended June 30, 2026, as compared to the prior year as applicable, included the following:
- Comparable restaurant sales increased
6.7% and store weeks increased5.3% ; - Average weekly sales were
$175,708 of which$25,371 were to-go sales as compared to average weekly sales of$165,228 of which$22,195 were to-go sales in the prior year; - Restaurant margin dollars increased
8.6% to$539.5 million from$496.6 million in the prior year primarily due to higher sales. Restaurant margin, as a percentage of restaurant and other sales, decreased 52 basis points to16.4% as commodity inflation of6.6% and wage and other labor inflation of3.9% were partially offset by higher sales; - Diluted earnings per share increased
4.2% primarily driven by higher restaurant margin dollars and the impact of share repurchases partially offset by higher depreciation and amortization expenses and higher general and administrative expenses; - 13 company restaurants and three franchise restaurants were opened; and
- Cash provided by operating activities was
$439.2 million and capital allocation spend included capital expenditures of$178.8 million , franchise acquisitions of$71.8 million , dividends of$98.7 million , and repurchases of common stock of$70.8 million .
Jerry Morgan, Chief Executive Officer of Texas Roadhouse, Inc., commented, “We are excited about the momentum in our business this quarter as continued strong traffic trends drove record average weekly sales. These results are a testament to the hard work, passion, and ownership mentality of our operators and their commitment to our mission, values, and purpose of Serving Communities Across America and the World.”
Morgan added, “Looking ahead, we continue to expect meaningful growth opportunities across all three of our brands. With a strong development pipeline, healthy balance sheet, and our disciplined capital allocation approach, we remain focused on expanding our footprint, investing in our people, and executing Legendary Food and Legendary Service that sets us apart. We believe this focus positions us well to continue creating long-term value for our shareholders.”
2026 Outlook
Comparable restaurant sales at company restaurants for the first five weeks of the third quarter of our 2026 fiscal year increased
Management updated the following expectations for 2026:
- Commodity inflation of approximately
5% ; and - An effective income tax rate of approximately
14% .
Management reiterated the following expectations for 2026:
- Positive comparable restaurant sales growth, including the benefit of menu pricing actions;
- Store week growth of
5% to6% , including the benefit from franchise acquisitions; - Wage and other labor inflation of
3% to4% ; and - Total capital expenditures of approximately
$400 million .
Cash Dividend Payment
On August 5, 2026, the Company’s Board of Directors approved the payment of a quarterly cash dividend of
Non-GAAP Measures
The Company prepares the unaudited condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). Within the press release, the Company makes reference to restaurant margin (in dollars, as a percentage of restaurant and other sales, and per store week). Restaurant margin represents restaurant and other sales less restaurant-level operating costs, including food and beverage costs, labor, rent, and other operating costs. Restaurant margin should not be considered in isolation, or as an alternative, to income from operations. This non-GAAP measure is not indicative of overall company performance and profitability in that this measure does not accrue directly to the benefit of shareholders due to the nature of the costs excluded. Restaurant margin is widely regarded as a useful metric by which to evaluate core restaurant-level operating efficiency and performance over various reporting periods on a consistent basis. In calculating restaurant margin, the Company excludes certain non-restaurant-level costs that support operations, but do not have a direct impact on restaurant-level operational efficiency and performance, including pre-opening and general and administrative expenses. The Company excludes pre-opening expenses as they occur at irregular intervals and would impact comparability to prior period results. The Company excludes depreciation and amortization expenses, substantially all of which relate to restaurant-level assets, as they represent a non-cash charge for the investment in restaurants. The Company excludes impairment and closure expenses as it believes this provides a clearer perspective of ongoing operating performance and a more useful comparison to prior period results. Restaurant margin as presented may not be comparable to other similarly titled measures of other companies in the industry. A reconciliation of income from operations to restaurant margin is included in the accompanying financial tables.
Conference Call
Texas Roadhouse, Inc. is hosting a conference call today, August 6, 2026, at 5:00 p.m. Eastern Time to discuss these results. The call will be webcast live from the investor relations portion of the Company’s website at investor.texasroadhouse.com. Listeners may also access the call by dialing (833) 461-5787 and using conference ID 639749828. A replay of the webcast will be available on the Company’s Investor Relations website shortly after the conclusion of the call.
About the Company
Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment that first opened in 1993 and today has grown to over 830 restaurants system-wide in 49 states, one U.S. territory, and ten foreign countries. For more information, please visit the Company’s Web site at www.texasroadhouse.com.
Forward-looking Statements
Certain statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon the current beliefs and expectations of the management of the Company. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, conditions beyond management’s control such as weather, natural disasters, disease outbreaks, epidemics, or pandemics impacting customers or food supplies; labor or supply chain shortages or limited availability of staff or product needed to meet the Company’s business standards; changes in consumer discretionary spending and macroeconomic conditions, including inflationary pressures and the impact of tariffs; food safety and food-borne illness concerns; and other factors disclosed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Part I—Item 1A. Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended December 30, 2025. These factors should not be construed as exhaustive and should be read in conjunction with other filings with the Securities and Exchange Commission. Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.
| Contacts: | |
| Investor Relations | Media |
| Michael Bailen | Megan Pence |
| (502) 515-7298 | (502) 461-1878 |
| Texas Roadhouse, Inc. and Subsidiaries Condensed Consolidated Statements of Income (in thousands, except per share data) (unaudited) | ||||||||||||
| 13 Weeks Ended | 26 Weeks Ended | |||||||||||
| June 30, 2026 | July 1, 2025 | June 30, 2026 | July 1, 2025 | |||||||||
| Revenue: | ||||||||||||
| Restaurant and other sales | $ | 1,672,913 | $ | 1,503,974 | $ | 3,299,602 | $ | 2,944,316 | ||||
| Royalties and franchise fees | 7,063 | 8,080 | 13,540 | 15,386 | ||||||||
| Total revenue | 1,679,976 | 1,512,054 | 3,313,142 | 2,959,702 | ||||||||
| Costs and expenses: | ||||||||||||
| Restaurant operating costs (excluding depreciation and amortization shown separately below): | ||||||||||||
| Food and beverage | 591,525 | 511,324 | 1,165,827 | 1,002,315 | ||||||||
| Labor | 544,001 | 495,049 | 1,078,620 | 975,024 | ||||||||
| Rent | 25,247 | 23,028 | 49,960 | 45,505 | ||||||||
| Other operating | 237,020 | 217,230 | 465,646 | 424,845 | ||||||||
| Pre-opening | 8,492 | 5,464 | 15,128 | 12,276 | ||||||||
| Depreciation and amortization | 58,341 | 50,744 | 115,184 | 99,544 | ||||||||
| Impairment and closure, net | 153 | 111 | 153 | 139 | ||||||||
| General and administrative | 72,409 | 62,763 | 133,495 | 118,980 | ||||||||
| Total costs and expenses | 1,537,188 | 1,365,713 | 3,024,013 | 2,678,628 | ||||||||
| Income from operations | 142,788 | 146,341 | 289,129 | 281,074 | ||||||||
| Interest income, net | 1,021 | 1,044 | 1,566 | 2,345 | ||||||||
| Equity income from investments in unconsolidated affiliates | 182 | 1,426 | 326 | 1,651 | ||||||||
| Income before taxes | 143,991 | 148,811 | 291,021 | 285,070 | ||||||||
| Income tax expense | 19,477 | 22,118 | 40,512 | 42,318 | ||||||||
| Net income including noncontrolling interests | 124,514 | 126,693 | 250,509 | 242,752 | ||||||||
| Less: Net income attributable to noncontrolling interests | 2,581 | 2,608 | 5,143 | 5,005 | ||||||||
| Net income attributable to Texas Roadhouse, Inc. and subsidiaries | $ | 121,933 | $ | 124,085 | $ | 245,366 | $ | 237,747 | ||||
| Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries: | ||||||||||||
| Basic | $ | 1.86 | $ | 1.87 | $ | 3.73 | $ | 3.58 | ||||
| Diluted | $ | 1.85 | $ | 1.86 | $ | 3.72 | $ | 3.57 | ||||
| Weighted average shares outstanding: | ||||||||||||
| Basic | 65,696 | 66,373 | 65,809 | 66,429 | ||||||||
| Diluted | 65,920 | 66,598 | 66,019 | 66,656 | ||||||||
| Cash dividends declared per share | $ | 0.75 | $ | 0.68 | $ | 1.50 | $ | 1.36 | ||||
| Texas Roadhouse, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in thousands) (unaudited) | ||||||||
| June 30, 2026 | December 30, 2025 | |||||||
| Cash and cash equivalents | $ | 202,427 | $ | 134,709 | ||||
| Other current assets, net | 159,471 | 316,767 | ||||||
| Property and equipment, net | 1,886,572 | 1,803,841 | ||||||
| Operating lease right-of-use assets, net | 942,110 | 879,521 | ||||||
| Goodwill | 275,036 | 242,220 | ||||||
| Intangible assets, net | 26,485 | 17,742 | ||||||
| Other assets | 179,965 | 154,672 | ||||||
| Total assets | $ | 3,672,066 | $ | 3,549,472 | ||||
| Current liabilities | 790,793 | 908,837 | ||||||
| Operating lease liabilities, net of current portion | 1,004,717 | 943,070 | ||||||
| Long-term debt | 50,000 | — | ||||||
| Other liabilities | 246,762 | 215,863 | ||||||
| Texas Roadhouse, Inc. and subsidiaries stockholders’ equity | 1,558,552 | 1,460,820 | ||||||
| Noncontrolling interests | 21,242 | 20,882 | ||||||
| Total liabilities and equity | $ | 3,672,066 | $ | 3,549,472 | ||||
| Texas Roadhouse, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) | ||||||||
| 26 Weeks Ended | ||||||||
| June 30, 2026 | July 1, 2025 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income including noncontrolling interests | $ | 250,509 | $ | 242,752 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities | ||||||||
| Depreciation and amortization | 115,184 | 99,544 | ||||||
| Share-based compensation expense | 26,902 | 23,249 | ||||||
| Deferred income taxes | 7,799 | (6,467 | ) | |||||
| Other noncash adjustments, net | 2,324 | 2,472 | ||||||
| Change in working capital, net of acquisitions | 36,509 | 4,430 | ||||||
| Net cash provided by operating activities | 439,227 | 365,980 | ||||||
| Cash flows from investing activities: | ||||||||
| Capital expenditures - property and equipment | (178,845 | ) | (169,912 | ) | ||||
| Acquisitions of franchise restaurants, net of cash acquired | (71,778 | ) | (93,878 | ) | ||||
| Other investing activities, net | 8,640 | 4,263 | ||||||
| Net cash used in investing activities | (241,983 | ) | (259,527 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from revolving credit facility, net of repayments | 50,000 | — | ||||||
| Repurchase of shares of common stock, including excise taxes as applicable | (71,845 | ) | (60,414 | ) | ||||
| Dividends paid to shareholders | (98,663 | ) | (90,292 | ) | ||||
| Other financing activities, net | (9,018 | ) | (24,171 | ) | ||||
| Net cash used in financing activities | (129,526 | ) | (174,877 | ) | ||||
| Net increase (decrease) in cash and cash equivalents | 67,718 | (68,424 | ) | |||||
| Cash and cash equivalents - beginning of period | 134,709 | 245,225 | ||||||
| Cash and cash equivalents - end of period | $ | 202,427 | $ | 176,801 | ||||
| Texas Roadhouse, Inc. and Subsidiaries Reconciliation of Income from Operations to Restaurant Margin ($ in thousands) (unaudited) | |||||||||||||||||
| 13 Weeks Ended | 26 Weeks Ended | ||||||||||||||||
| June 30, 2026 | July 1, 2025 | June 30, 2026 | July 1, 2025 | ||||||||||||||
| Income from operations | $ | 142,788 | $ | 146,341 | $ | 289,129 | $ | 281,074 | |||||||||
| Less: | |||||||||||||||||
| Royalties and franchise fees | 7,063 | 8,080 | 13,540 | 15,386 | |||||||||||||
| Add: | |||||||||||||||||
| Pre-opening | 8,492 | 5,464 | 15,128 | 12,276 | |||||||||||||
| Depreciation and amortization | 58,341 | 50,744 | 115,184 | 99,544 | |||||||||||||
| Impairment and closure, net | 153 | 111 | 153 | 139 | |||||||||||||
| General and administrative | 72,409 | 62,763 | 133,495 | 118,980 | |||||||||||||
| Restaurant margin | $ | 275,120 | $ | 257,343 | $ | 539,549 | $ | 496,627 | |||||||||
| Restaurant margin (as a percentage of restaurant and other sales) | 16.4 | % | 17.1 | % | 16.4 | % | 16.9 | % | |||||||||
| Texas Roadhouse, Inc. and Subsidiaries Supplemental Financial and Operating Information ($ amounts in thousands, except restaurant margin $ per store week and weekly sales by group) (unaudited) | ||||||||||
| 13 Weeks Ended | ||||||||||
| June 30, 2026 | July 1, 2025 | Change | ||||||||
| Company restaurants (all concepts) | ||||||||||
| Restaurant and other sales | $ | 1,672,913 | $ | 1,503,974 | 11.2 | % | ||||
| Store weeks | 9,457 | 9,010 | 5.0 | % | ||||||
| Comparable restaurant sales (1) | 6.2 | % | 5.8 | % | ||||||
| Restaurant operating costs (as a % of restaurant and other sales) | ||||||||||
| Food and beverage costs | 35.4 | % | 34.0 | % | (136 | ) | bps | |||
| Labor | 32.5 | % | 32.9 | % | 40 | bps | ||||
| Rent | 1.5 | % | 1.5 | % | 2 | bps | ||||
| Other operating | 14.2 | % | 14.5 | % | 28 | bps | ||||
| Total | 83.6 | % | 82.9 | % | ||||||
| Restaurant margin % | 16.4 | % | 17.1 | % | (66 | ) | bps | |||
| Restaurant margin $ | $ | 275,120 | $ | 257,343 | 6.9 | % | ||||
| Restaurant margin $/Store week | $ | 29,092 | $ | 28,562 | 1.9 | % | ||||
| Texas Roadhouse restaurants only: | ||||||||||
| Store weeks | 8,574 | 8,226 | 4.2 | % | ||||||
| Comparable restaurant sales (1) | 6.5 | % | 5.9 | % | ||||||
| Average unit volume (2) | $ | 2,380 | $ | 2,246 | 6.0 | % | ||||
| Weekly sales by group: | ||||||||||
| Comparable restaurants (626 and 590 units) | $ | 183,982 | $ | 173,349 | 6.1 | % | ||||
| Average unit volume restaurants (20 and 28 units) | $ | 155,639 | $ | 144,493 | 7.7 | % | ||||
| Restaurants less than 6 months old (16 and 16 units) | $ | 180,822 | $ | 163,767 | 10.4 | % | ||||
| Bubba’s 33 restaurants only: | ||||||||||
| Store weeks | 742 | 668 | 11.1 | % | ||||||
| Comparable restaurant sales (1) | 1.3 | % | 4.3 | % | ||||||
| Average unit volume (2) | $ | 1,659 | $ | 1,645 | 0.9 | % | ||||
| Weekly sales by group: | ||||||||||
| Comparable restaurants (48 and 43 units) | $ | 128,185 | $ | 126,812 | 1.1 | % | ||||
| Average unit volume restaurants (6 and 5 units) | $ | 122,880 | $ | 124,187 | (1.1 | ) | % | |||
| Restaurants less than 6 months old (5 and 4 units) | $ | 159,187 | $ | 149,788 | 6.3 | % | ||||
| Texas Roadhouse franchise restaurants only: | ||||||||||
| Store weeks | 1,205 | 1,256 | (4.1 | ) | % | |||||
| Comparable restaurant sales | 4.4 | % | 7.0 | % | ||||||
___________________
| (1) | Comparable restaurant sales reflect the change in sales for all company restaurants across all concepts, unless otherwise noted, over the same period of the prior year for restaurants open a full 18 months before the beginning of the period, excluding sales from restaurants permanently closed during the period, if applicable. | |
| (2) | Average unit volume includes sales from restaurants open for a full six months before the beginning of the period, excluding sales from restaurants permanently closed during the period, if applicable. | |
| Texas Roadhouse, Inc. and Subsidiaries Restaurant Unit Activity (unaudited) | |||||||||||||
| 13 Weeks Ended | 26 Weeks Ended | ||||||||||||
| June 30, 2026 | July 1, 2025 | Change | June 30, 2026 | July 1, 2025 | Change | ||||||||
| Restaurant openings | |||||||||||||
| Company - Texas Roadhouse | 5 | 2 | 3 | 9 | 9 | — | |||||||
| Company - Bubba’s 33 | 3 | 2 | 1 | 3 | 3 | — | |||||||
| Company - Jaggers | 1 | — | 1 | 1 | — | 1 | |||||||
| Total company restaurants | 9 | 4 | 5 | 13 | 12 | 1 | |||||||
| Franchise - Texas Roadhouse - Domestic | — | — | — | — | — | — | |||||||
| Franchise - Jaggers - Domestic | — | 1 | (1 | ) | 1 | 1 | — | ||||||
| Franchise - Texas Roadhouse - Int'l (1) | 1 | — | 1 | 2 | — | 2 | |||||||
| Total franchise restaurants | 1 | 1 | — | 3 | 1 | 2 | |||||||
| Total restaurants | 10 | 5 | 5 | 16 | 13 | 3 | |||||||
| Restaurant acquisitions/dispositions | |||||||||||||
| Company - Texas Roadhouse | — | 3 | (3 | ) | 5 | 17 | (12 | ) | |||||
| Franchise - Texas Roadhouse - Domestic | — | (3 | ) | 3 | (5 | ) | (17 | ) | 12 | ||||
| Restaurants open at the end of the quarter | |||||||||||||
| Company - Texas Roadhouse | 662 | 634 | 28 | ||||||||||
| Company - Bubba’s 33 | 59 | 52 | 7 | ||||||||||
| Company - Jaggers | 11 | 9 | 2 | ||||||||||
| Total company restaurants | 732 | 695 | 37 | ||||||||||
| Franchise - Texas Roadhouse - Domestic | 31 | 39 | (8 | ) | |||||||||
| Franchise - Jaggers - Domestic | 6 | 5 | 1 | ||||||||||
| Franchise - Texas Roadhouse - Int'l (1) | 62 | 57 | 5 | ||||||||||
| Franchise - Jaggers - Int'l | 1 | 1 | — | ||||||||||
| Total franchise restaurants | 100 | 102 | (2 | ) | |||||||||
| Total restaurants | 832 | 797 | 35 | ||||||||||
___________________
| (1) | Includes a U.S. territory. |
