Texas Roadhouse, Inc. Announces First Quarter 2019 Results
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Texas Roadhouse (TXRH) Misses Q1 EPS by 12c, Revenues Miss, Comp Sales Up 5.2%; Provides FY19 Business Outlook
April 29, 2019 4:05 PM EDTTexas Roadhouse (NASDAQ: TXRH) reported Q1 EPS of $0.70, $0.12 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $690.61 million versus the consensus estimate of $693.69 million.
Results for the first quarter included the following highlights:
Comparable restaurant sales increased 5.2% at company restaurants and 4.3% at domestic franchise restaurants;
Restaurant margin, as a percentage of restaurant and other sales, decreased 128 basis points to 17.9%, primarily due to labor costs which increased 118 basis points. Restaurant margin dollars increased 2.7% to $122.6 million from $119.4 million in the prior year;
Diluted earnings per share decreased 8.1% to... More
