Texas Roadhouse (NASDAQ: TXRH) reported Q3 EPS of $0.40, $0.14 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $594.6 million versus the consensus estimate of $594 million.

Kent Taylor, Chief Executive Officer of Texas Roadhouse, Inc., commented, "Our top-line momentum continued this quarter highlighted by positive comparable restaurant sales, driven by positive traffic growth. However, restaurant-level performance continues to be pressured by higher labor costs. Despite the earnings decline this quarter, 2018 is still shaping up to be a good year for Texas Roadhouse."

Taylor continued, "Our new restaurant pipeline is solid and we feel good about our development plans for 2019. We are confident that our business is well positioned for long-term sales and profit growth. In addition, our healthy cash flow generation allows us to fund our new restaurant growth through internal cash flow, while also returning excess capital to our shareholders through our dividend program, further driving shareholder value."

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