Texas Roadhouse (TXRH) Misses Q3 EPS by 6c; Comps Rise 30.2%
Get Alerts TXRH Hot Sheet
Revenue Growth %: +12.8%
Financial Fact:
Income before taxes: 38.18M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Texas Roadhouse (NASDAQ: TXRH) reported Q3 EPS of $0.75, $0.06 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $868.94 million versus the consensus estimate of $869.36 million.
Comparable restaurant sales at company restaurants increased 30.2% and 22.3% compared to 2020 and 2019, respectively1. Comparable restaurant sales at domestic franchise restaurants increased 33.5% and 20.4% compared to 2020 and 2019, respectively.
2021 Outlook
Comparable restaurant sales at company restaurants for the first four weeks of our fourth quarter of fiscal 2021 increased 22.6% and 23.6% compared to our 2020 and 2019 periods, respectively. In addition, the Company recently implemented a menu price increase of 4.2%.
Management updated the following expectations for 2021:
- Commodity cost inflation of approximately 10%.
Management reiterated the following expectations for 2021:
- 26 to 29 company restaurant openings across all concepts;
- Store week growth of approximately 5.0%; and,
- Total capital expenditures of approximately $200 million.
For earnings history and earnings-related data on Texas Roadhouse (TXRH) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Quest Diagnostics (DGX) Tops Q1 EPS by 18c, Beats on Revenue; Offers FY24 Guidance
- PulteGroup (PHM) Tops Q1 EPS by 74c, Beats on Revenue
- Spotify (SPOT) Tops Q1 EPS by 33c; offers guidance
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!