Reported about 16 hours ago
Texas Roadhouse reported a 3.5% rise in comparable sales for Q1, exceeding analysts' expectations of 3.0%. The steakhouse chain's revenue increased by 10% year-over-year to $1.45 billion, although earnings per share fell short of forecasts at $1.70. Looking ahead, the company anticipates commodity cost inflation around 4% for 2025. Despite economic uncertainties, CEO Jerry Morgan expressed confidence in the company's operational resilience and commitment to maintaining a positive environment for employees and customers.
Source: YAHOO