Texas Roadhouse, Inc. - TXRH STOCK NEWS

Texas Roadhouse (TXRH) reported strong Q3 2024 financial results with total revenue increasing 13.5% to $1.27 billion. Comparable restaurant sales grew 8.5% at company restaurants and 7.2% at domestic franchise locations. Net income rose 32.3% to $84.4 million, with diluted EPS up 32.5% to $1.26. Restaurant margin improved to 16.0% from 14.6%, driven by higher sales and improved labor productivity despite wage inflation of 4.7% and commodity inflation of 1.3%. The company opened seven company restaurants and three franchise locations during Q3. Looking ahead to 2025, TXRH plans to acquire 13 domestic franchise restaurants and projects commodity inflation of 2-3% and wage inflation of 4-5%.

Texas Roadhouse, Inc. (TXRH) has announced the release date for its third quarter 2024 financial results. The company will disclose the results on Thursday, October 24, 2024, after the market closes. Following the release, a conference call is scheduled for 5:00 PM ET, which will be webcast live from the investor relations section of the company's website.

Investors and analysts can also access the call by dialing (888) 440-5667 for domestic calls or (646) 960-0476 for international calls. A replay of the call will be available until October 31, 2024, accessible by dialing (800) 770-2030 or (609) 800-9909 for international calls, using the conference ID 7714420.

Texas Roadhouse (TXRH) has announced a quarterly cash dividend of $0.61 per share of common stock. The dividend was authorized by the company's Board of Directors on August 8, 2024. Shareholders of record at the close of business on September 4, 2024, will receive the payment on September 24, 2024. This announcement demonstrates Texas Roadhouse's commitment to returning value to its shareholders and may indicate the company's financial stability and confidence in its future performance.

Texas Roadhouse (TXRH) reported strong Q2 2024 results, with total revenue increasing 14.5% to $1.34 billion. Comparable restaurant sales rose 9.3% at company restaurants and 8.3% at domestic franchise locations. Net income surged 46% to $120.1 million, while diluted EPS jumped 46.4% to $1.79. Restaurant margin improved to 18.2% from 15.7% year-over-year, driven by higher sales and improved labor productivity. The company opened six new company restaurants and three franchise locations during the quarter. For the first four weeks of Q3 2024, comparable sales increased 8.0%. Management updated its 2024 outlook, projecting store week growth of 7.5% and commodity cost inflation of about 2%.

Texas Roadhouse (NasdaqGS: TXRH) announced it will release its second quarter 2024 financial results on July 25, 2024, after market close. Following the release, a conference call is scheduled at 5:00 PM ET and will be webcast live on the company's investor relations website. Stakeholders can also join via phone by dialing (888) 440-5667 or (646) 960-0476 for international calls and referencing the earnings release. A replay of the call will be accessible until August 1, 2024, by dialing (800) 770-2030 or (609) 800-9909 for international calls and using conference ID 7714420.

On May 16, 2024, Texas Roadhouse announced that its Board of Directors authorized a quarterly cash dividend of $0.61 per share of common stock.

This dividend will be paid on June 25, 2024, to shareholders who are on record as of June 12, 2024.

Texas Roadhouse, Inc. reported strong financial results for the first quarter of 2024, showing significant revenue and income growth compared to the previous year. The company saw a 12.5% increase in total revenue, a 31.0% rise in net income, and a 31.4% growth in diluted earnings per share. Comparable restaurant sales also increased, with notable improvements in restaurant margin and operational efficiency. The CEO expressed optimism about the company's performance and growth prospects for 2024, highlighting the commitment to providing exceptional service and expanding restaurant locations.