Texas Roadhouse (NASDAQ: TXRH) reported Q2 EPS of $0.47, $0.02 better than the analyst estimate of $0.45. Revenue for the quarter came in at $509 million versus the consensus estimate of $509.93 million.

• Comparable restaurant sales growth of 4.5% at company restaurants and 2.6% at franchise restaurants;

2016 Outlook

The Company reported that comparable restaurant sales at company restaurants for the first four weeks of its third quarter of fiscal 2016 increased approximately 3.7% compared to the prior year period.

Management updated the following expectation for 2016:

• 2.5% to 3.0% food cost deflation compared to previous guidance of 1.0% to 2.0% food cost deflation.

Management reiterated the following expectations for 2016:

• Positive comparable restaurant sales growth;
• Approximately 30 company restaurant openings, including approximately seven Bubba’s 33 restaurants;
• An income tax rate of approximately 30.0%; and,
• Total capital expenditures of $165.0 million to $175.0 million.

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