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Texas Roadhouse (TXRH) Tops Q3 EPS by 24c, Revenues Beat

October 28, 2020 4:05 PM EDT

Texas Roadhouse (NASDAQ: TXRH) reported Q3 EPS of $0.42, $0.24 better than the analyst estimate of $0.18. Revenue for the quarter came in at $631.19 million versus the consensus estimate of $614.57 million.

Kent Taylor, Chief Executive Officer of Texas Roadhouse, Inc., commented, “As our dining rooms continue to operate under decreasing capacity limitations, we are pleased to see our average weekly sales getting closer to historical levels. In addition, our operators continue to drive traffic through strong To-Go sales and outdoor dining. On the development front, we expect to open at least 20 company restaurants in 2020 despite pausing construction on a number of sites earlier in the year. Thanks to the strength of our operators, we remain confident in the positioning of our brands as we close out the year and head into 2021.”

2020 Outlook

As previously announced, due to the uncertainty surrounding the pandemic, the Company withdrew the financial outlook for the fiscal year ending December 29, 2020. However, based on the improved cashflow at company restaurants, the Company is providing the following expectations for 2020:

  • At least 20 company restaurant openings; and,
  • Total capital expenditures of approximately $160 million.

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



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