Texas Roadhouse (TXRH) Reports In-Line Q1 EPS, Comps at Company Restaurants Rose 4.9%, Domestic Franchise Comps Rose 3.9%
Texas Roadhouse (NASDAQ: TXRH) reported Q1 EPS of $0.76, in-line with the analyst estimate of $0.76. Revenue for the quarter came in at $627.71 million versus the consensus estimate of $625.74 million.
Guidance:
Management updated the following expectation for 2018:
- Commodity cost inflation of approximately 1.0% compared to previous guidance of relatively flat food costs.
Management reiterated the following expectations for 2018:
- Positive comparable restaurant sales growth;
- Approximately 30 company restaurant openings, including up to seven Bubba’s 33 restaurants;
- Mid-single digit growth in labor dollars per store week, excluding the impact of higher guest counts;
- An income tax rate of 15.0% to 16.0%; and
- Total capital expenditures of approximately $165.0 million to $175.0 million.
For earnings history and earnings-related data on Texas Roadhouse (TXRH) click here.