Texas Roadhouse, Inc. - TXRH STOCK NEWS

Texas Roadhouse (Nasdaq: TXRH) has announced a cash dividend of $0.40 per share, approved by its Board of Directors on August 12, 2021. This dividend will be distributed on September 24, 2021, to shareholders of record by the close of business on September 8, 2021. The casual dining chain has expanded significantly since its inception in 1993, operating over 650 restaurants across 49 states and 10 countries. Investors are encouraged to review the company’s filings for potential risks affecting stock performance.

Texas Roadhouse (TXRH) reported strong financial results for Q2 2021, with total revenue of $898.8 million, an 88.7% increase year-over-year. Net income surged to $75.5 million, compared to a loss of $33.6 million in Q2 2020. Diluted earnings per share reached $1.08, up from a loss of $0.48. The company opened eight restaurants during the quarter and reported significant growth in comparable restaurant sales, 80.2% over 2020. However, challenges like commodity inflation of approximately 7% persist. The company reinstated its dividend and repaid short-term debt, ending the quarter with $483.4 million in cash.

Texas Roadhouse (TXRH) will announce its second quarter 2021 financial results on July 29, 2021, after market close. A conference call is scheduled for 5:00 PM ET, which will be accessible via webcast on the company's investor relations website. Interested participants can also join by phone. A replay of the call will be available until August 5, 2021. The company operates over 640 restaurants across 49 states and 10 countries, emphasizing its growth since its inception in 1993.

Texas Roadhouse (TXRH) reported strong financial results for Q1 2021, with total revenue of $800.6 million, up 22.7% from 2020. Net income surged to $64.2 million, translating to diluted earnings per share of $0.91. Comparable restaurant sales increased by 18.5% compared to 2020 and 8.6% versus 2019. The company reinstated its quarterly dividend at $0.40 per share, set to be paid on June 4, 2021. Despite pandemic challenges, the company successfully navigated reopening restrictions, achieving a solid cash position of $495.6 million and continued expansion plans with 25-30 new openings in 2021.

Texas Roadhouse, Inc. (TXRH) will release its first quarter 2021 financial results on April 29, 2021, after market close. A conference call is scheduled for the same day at 5:00 PM ET, which will be accessible via webcast on the company's investor relations website. The call can also be joined by phone, with a replay available until May 6, 2021. Texas Roadhouse has expanded to over 630 restaurants across 49 states and ten countries since its inception in 1993.

Texas Roadhouse announced the promotion of Jerry Morgan to Chief Executive Officer, effective immediately. This change follows the passing of founder and CEO Kent Taylor on March 18, 2021. The succession plan, which was led by Taylor, is designed to ensure stability for the restaurant company. Morgan, a 23-year veteran of Texas Roadhouse, has over 35 years of restaurant management experience. He previously served as President and has been recognized with the Managing Partner of the Year award. Texas Roadhouse operates over 630 restaurants across 49 states and internationally.

Texas Roadhouse has announced the passing of its founder and CEO, Kent Taylor, on March 18, 2021. The Board of Directors expressed deep sorrow over his loss, highlighting Taylor's dedication to building the company and his selfless act of forgoing his compensation during the pandemic to support frontline workers. Taylor founded Texas Roadhouse in 1993 and held significant leadership roles, including Chairman. The company now operates over 630 restaurants across 49 states and ten countries, reflecting his legacy as a people-first leader.

Texas Roadhouse (NasdaqGS: TXRH) reported Q4 2020 results, revealing a 12% revenue decline to $637.9 million compared to $725.2 million in 2019. Net income dropped 54.2% to $19.5 million, with diluted EPS at $0.28, down 54.3%. The pandemic severely impacted operations, with 8.9% decrease in comparable restaurant sales. Despite challenges, the company opened 22 new restaurants in 2020. Looking ahead, TXRH plans 25 to 30 new openings in 2021, contingent on pandemic-related restrictions.

Texas Roadhouse (TXRH) announced its fourth quarter 2020 financial results will be released on February 18, 2021, after market close. A conference call will take place at 5:00 PM ET, accessible via phone or a live webcast on their website. The call will include a replay option until February 25, 2021. Currently, Texas Roadhouse operates over 630 locations across 49 states and ten countries, having established itself since 1993 as a popular casual dining chain.