Texas Roadhouse, Inc. (TXRH) Tops Q4 EPS by 2c, Offers Outlook

February 19, 2013 4:05 PM EST
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Texas Roadhouse, Inc. (NASDAQ: TXRH) reported Q4 EPS of $0.19, $0.02 better than the analyst estimate of $0.17. Revenue for the quarter came in at $309.53 million versus the consensus estimate of $309.07 million.

2013 Outlook

The Company reported that comparable restaurant sales at company restaurants for the first 55 days of its fiscal 2013 increased approximately 2.2% compared to the prior year period. Additionally, the Company announced that it implemented a menu price increase of approximately 2.0% across its restaurants in December 2012.

Management is providing the following expectations for 2013:

Positive comparable restaurant sales growth;

Approximately 28 company restaurant openings;

Food cost inflation of 6.0% to 7.0%;

An income tax rate of approximately 31.0%, which is lower than the prior year rate
of 32.8% primarily as a result of the reinstatement of certain federal tax credits at the beginning of 2013; and

Total capital expenditures of $100.0 to $105.0 million.

For earnings history and earnings-related data on Texas Roadhouse, Inc. (TXRH) click here.

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