The earnings call reflects a strong performance with significant revenue and earnings growth, effective cost management, and successful expansion and technology initiatives. Challenges in the alcohol mix and insurance claims are noted but do not overshadow the overall positive results.

Company Guidance

In the third quarter of 2024, Texas Roadhouse demonstrated robust financial performance with an 8.5% growth in same-store sales and approximately $1.3 billion in revenue. The company's strategic expansion included the opening of seven new company-owned locations and three international franchise restaurants, with plans to open a total of 30 restaurants across all brands by the end of the year. They also reported a 13.5% increase in revenue, driven by a 7.5% rise in average unit volume and a 5.8% growth in store weeks. The restaurant margin increased by 24.1% to $202 million, and diluted earnings per share rose by 32.5% to $1.26. In terms of pricing, they implemented a menu price increase of less than 1% at the beginning of the fourth quarter. Looking forward to 2025, Texas Roadhouse plans to open approximately 30 company-owned restaurants and expects commodity inflation to be between 2% and 3%, while wage and labor inflation is projected at 4% to 5%. The company also highlighted ongoing technology initiatives, including digital kitchen conversions, with a target of over 250 conversions by the end of the year.

Strong Revenue Growth

Third quarter revenue reached approximately $1.3 billion, with a 13.5% year-over-year increase driven by a 7.5% increase in average unit volume and 5.8% store week growth.

Record Same-Store Sales Growth

Same-store sales grew by 8.5% in the third quarter, with 3.8% traffic growth and a 4.7% increase in average check. October continues to show strong momentum with comparable sales up 8.3%.

Earnings Per Share Increase

Diluted earnings per share increased by 32.5% to $1.26, reflecting strong operational performance.

Labor and Commodity Cost Control

Labor as a percentage of total sales decreased by 18 basis points, and commodity inflation was less than 1%, driven by lower-than-forecasted beef costs.

Technology and Development Initiatives

Over 200 digital kitchen conversions completed, with plans to convert nearly all restaurants by the end of 2025. Opened seven company-owned locations and three international franchise restaurants in Q3.

Celebration of Milestones

Celebrated 20 years as a public company and named the 2024 brand icon by Nation's Restaurant News.

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Texas Roadhouse (TXRH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TXRH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2018	2018 (Q2)	- / 0.62	0.53	16.98% (+0.09)	―	―
Oct 29, 2018	2018 (Q3)	- / 0.40	0.43	-6.98% (-0.03)	―	―
Feb 19, 2019	2018 (Q4)	- / 0.42	0.4	5.00% (+0.02)	―	―
Apr 29, 2019	2019 (Q1)	- / 0.70	0.76	-7.89% (-0.06)	―	―
Jul 29, 2019	2019 (Q2)	- / 0.63	0.62	1.61% (+0.01)	―	―
Oct 28, 2019	2019 (Q3)	- / 0.52	0.4	30.00% (+0.12)	―	―
Feb 20, 2020	2019 (Q4)	- / 0.61	0.42	45.24% (+0.19)	―	―
May 04, 2020	2020 (Q1)	- / 0.23	0.7	-67.14% (-0.47)	―	―
Aug 03, 2020	2020 (Q2)	- / -0.48	0.63	-176.19% (-1.11)	―	―
Oct 28, 2020	2020 (Q3)	- / 0.42	0.52	-19.23% (-0.10)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TXRH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$180.33	$186.78	+3.58%
Jul 25, 2024	$164.89	$168.22	+2.02%
May 02, 2024	$156.26	$161.91	+3.62%
Feb 15, 2024	$131.95	$145.56	+10.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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