Texas Roadhouse, Inc. Announces Fourth Quarter 2023 Results
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Texas Roadhouse (TXRH) rises as earnings tops consensus
February 16, 2024 7:55 AM ESTTexas Roadhouse (NASDAQ: TXRH) reported a slight earnings beat in its fourth quarter, with adjusted earnings per share (EPS) of $1.08, surpassing the analyst estimate by $0.02. The company's revenue matched expectations at $1.16 billion, aligning with the consensus estimate. Shares of the restaurant chain rose over 5% following the announcement, indicating a positive investor response to the company's performance.
In a robust quarter, Texas Roadhouse saw a significant 9.9% increase in comparable restaurant sales at company-owned locations and an 8.9% rise at domestic franchise restaurants. Average weekly sales at company restaurants climbed to $141,653, with to-go sales contributing $17,793, up from $130,176... More
