Texas Roadhouse Reports Strong 2024 Financial Results

Texas Roadhouse ( (TXRH) ) has released its Q4 earnings. Here is a breakdown of the information Texas Roadhouse presented to its investors.

Texas Roadhouse, Inc. is a prominent player in the casual dining segment, known for its steakhouse offerings and a robust presence with over 780 locations globally, including in the U.S. and ten foreign countries.

In its latest earnings report, Texas Roadhouse showcased strong financial performance for the fourth quarter and fiscal year 2024, with notable increases in revenue and net income. The company also announced an 11% increase in its quarterly dividend and a new $500 million stock repurchase program.

The company’s revenue for the fourth quarter rose by 23.5% to approximately $1.44 billion, while net income increased by 59.9% to $115.8 million. Comparable restaurant sales saw significant growth, with company restaurants experiencing a 7.7% increase. The fiscal year figures were equally impressive, with total revenue reaching $5.37 billion, a 16% rise from the previous year, and net income growing by 42.2% to $433.6 million. The company opened a total of 45 new restaurants throughout the year and made strategic acquisitions, including 13 domestic franchise locations.

Texas Roadhouse’s CEO, Jerry Morgan, expressed optimism about the future, highlighting the company’s start in 2025 with the acquisition of franchise restaurants and the ongoing construction of its 800th location. Looking ahead, the company anticipates continued growth in comparable restaurant sales, plans for menu price adjustments, and capital expenditures of approximately $400 million for the year.

Texas Roadhouse’s management maintains a positive outlook for 2025, with expectations of steady growth in sales and strategic expansions, leveraging their strong balance sheet to support development and shareholder returns.