TXRH - Texas Roadhouse GAAP EPS of $0.93 beats by $0.03 revenue of $993.3M beats by $18.28M
- Texas Roadhouse press release ( NASDAQ: TXRH ): Q3 GAAP EPS of $0.93 beats by $0.03 .
- Revenue of $993.3M (+14.3% Y/Y) beats by $18.28M .
- Comparable restaurant sales increased 8.2% at company restaurants and increased 6.7% at domestic franchise restaurants.
- Average weekly sales at company restaurants were $129,278 of which 12.6% were to-go sales as compared to average weekly sales of $120,094 of which 15.1% were to-go sales in the prior year.
- Restaurant margin, as a percentage of restaurant and other sales, decreased 26 basis points to 15.4%.
- FY2022 Outlook : Positive comparable restaurant sales growth including the benefit of menu pricing actions; Store week growth of approximately 6% including the impact of the eight franchise locations acquired in 2022; Wage and other labor inflation of approximately 8%; An effective income tax rate of approximately 14% excluding the impact of any legislative changes enacted; Total capital expenditures of approximately $230M including three relocations.
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Texas Roadhouse GAAP EPS of $0.93 beats by $0.03, revenue of $993.3M beats by $18.28M