Texas Roadhouse, Inc. - TXRH STOCK NEWS

Texas Roadhouse, Inc. (NASDAQ: TXRH) has announced that it will release its first quarter 2023 financial results on May 4, 2023, following the market's close. A conference call is scheduled for 5:00 PM ET to discuss the results, and it will be accessible via webcast on the company's investor relations website. Interested parties can also join the call by phone, with a replay available until May 11, 2023. Founded in 1993, Texas Roadhouse operates over 700 locations across 49 states and 10 countries, focusing on the casual dining sector. The company invites shareholders and investors to engage in the call to gain insights into its financial performance.

Texas Roadhouse reported strong financial results for the 13 and 52 weeks ended December 27, 2022, with total revenue of $1.01 billion for Q4 and $4.01 billion for the year, reflecting increases of 12.7% and 15.9%, respectively. Net income rose by 12.8% in Q4 to $59.87 million, with diluted earnings per share growing 17.4% to $0.89. The company announced a 20% increase in its quarterly dividend to $0.55 per share and plans to open 25 to 30 new restaurants in 2023. Comparable restaurant sales grew 15.8% in the first quarter of 2023, supported by a planned 2.2% menu price increase.

Texas Roadhouse, Inc. (NasdaqGS: TXRH) will announce its fourth quarter 2022 financial results on February 16, 2023, after market close. A conference call is scheduled for 5:00 PM ET, and it will be streamed live on the company's investor relations website. Interested parties can join the call by dialing (888) 440-5667, with international access available at (646) 960-0476. A replay will be available until February 23, 2023. Texas Roadhouse operates over 690 restaurants across the US and internationally, focusing on casual dining.

Texas Roadhouse, Inc. (Nasdaq: TXRH) announced the promotion of Gina Tobin to President, previously held by CEO Jerry Morgan. Tobin, a 27-year veteran of the company, has held various roles including Managing Partner and Vice President of Training. This restructuring creates a clear succession plan, allowing Morgan to focus more on field operations. Tobin will oversee various departments including Food, Service, Training, Research & Development, and Diversity & Inclusion, enhancing operational efficiency as the company continues to expand with over 690 restaurants globally.

On January 4, 2023, Tonya Robinson retired as Chief Financial Officer of Texas Roadhouse after more than 24 years with the company. Robinson joined Texas Roadhouse in 1998 and held various roles, becoming CFO in May 2018. CEO Jerry Morgan praised her contributions. Keith Humpich, Vice President of Finance, has been appointed as interim CFO while the company seeks a permanent successor through an executive search firm. Texas Roadhouse operates over 690 restaurants in the casual dining sector across the U.S. and internationally.

Texas Roadhouse has announced a cash dividend of $0.46 per share, authorized by its Board of Directors on November 10, 2022. This dividend will be distributed on December 23, 2022, to shareholders who are on record by the close of business on December 7, 2022. The company, which operates over 690 restaurants across 49 states and ten foreign countries, continues to demonstrate its commitment to returning value to shareholders.

Texas Roadhouse reported Q3 2022 revenue of $993.3 million, a 14.3% increase year-over-year, with year-to-date revenue at $3.0 billion (up 17.0%). Net income rose 18.5% to $62.3 million, while diluted EPS increased 23.7% to $0.93. Comparable restaurant sales saw an 8.2% rise at company locations. Despite commodity and labor inflation affecting margins, the company opened 5 new domestic and 2 international restaurants. Looking ahead, Texas Roadhouse anticipates continued sales growth and up to 30 new openings in 2023.

Texas Roadhouse (NasdaqGS: TXRH) is set to release its third quarter 2022 financial results on October 27, 2022, after market close. Following the release, a conference call will take place at 5:00 PM ET, which will be available for live streaming on the investor relations section of the company's website. Interested parties can also join the call by dialing specified numbers, with a replay accessible until November 3, 2022.

On August 11, 2022, Texas Roadhouse (Nasdaq: TXRH) announced a cash dividend of $0.46 per share of common stock. This dividend will be distributed on September 23, 2022, to shareholders of record as of September 7, 2022. Established in 1993, Texas Roadhouse has expanded to over 680 restaurants across 49 states and 10 foreign countries.