Texas Roadhouse, Inc. Announces First Quarter 2025 Results

About this update from Texas Roadhouse, Inc.

[{"type":"text","content":"Declares Quarterly Dividend of $0.68 per Share\nLOUISVILLE, KY., May 08, 2025 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 weeks ended April 1, 2025. Financial Results Financial results for the 13 weeks ended April 1, 2025 and March 26, 2024 were as follows: 13 Weeks Ended($000's, except per share amounts) April 1, 2025 March 26, 2024 % changeTotal revenue $1,447,648 $1,321,217 9.6%Income from operations 134,733 133,128 1.2%Net income 113,662 113,206 0.4%Diluted earnings per share $1.70 $1.69 1.0% Results for the 13 weeks ended April 1, 2025, as compared to the prior year as applicable, included the following: Comparable restaurant sales increased 3.5% at company restaurants;Average weekly sales at company restaurants were $163,071 of which $22,146 were to-go sales as compared to average weekly sales of $159,378 of which $20,815 were to-go sales in the prior year;Restaurant margin dollars increased 4.7% to $239.3 million from $228.4 million in the prior year primarily due to higher sales. Restaurant margin, as a percentage of restaurant and other sales, decreased 77 basis points to 16.6% as commodity inflation of 2.1% and wage and other labor inflation of 4.6% were partially offset by higher sales;Diluted earnings per share increased 1.0% primarily driven by the impact of share repurchases and higher restaurant margin dollars partially offset by higher depreciation and amortization expenses and higher general and administrative expenses;Eight company restaurants were opened; andCapital allocation spend included capital expenditures of $77.4 million, franchise acquisitions of $78.3 million, dividends of $45.2 million, and repurchases of common stock of $50.2 million. Jerry Morgan, Chief Executive Officer of Texas Roadhouse, Inc., commented, “We are pleased to report that our operators successfully navigated us through a number of challenges this quarter and once again delivered traffic growth across all three of our brands. During this period of economic uncertainty, as always, we remain focused on the fundamentals of our business and on what we can control, which is creating an environment where our Roadies want to work and our guests want to dine.” Morgan added, “We continue to consistently grow our business through new store development, which included the opening of ...

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