Texas Roadhouse, Inc. Announces Fourth Quarter 2019 Results

About this update from Texas Roadhouse, Inc.

[{"type":"text","content":"Increases Quarterly Dividend 20% to $0.36 per Share\nLOUISVILLE, Ky., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Texas Roadhouse, Inc. (NasdaqGS: TXRH) today announced financial results for the 14 and 53 week periods ended December 31, 2019. \n Fourth Quarter Year to Date($000's)20192018% Change 20192018% Change Total revenue$ 725,238$ 605,91219.7% $ 2,756,163$ 2,457,44912.2%Income from operations 53,411 33,20760.8% 212,023 187,78912.9%Net income 42,686 30,33240.7% 174,452 158,22510.3%Diluted EPS$ 0.61$ 0.4245.4% $ 2.46$ 2.2011.9% Note: Fourth quarter and full year 2019 results include 14 and 53 weeks, respectively, compared to 13 and 52 weeks in the fourth quarter and full year of 2018, respectively. Results for the fourth quarter included the following highlights: Comparable restaurant sales increased 4.4% at company restaurants and 3.4% at domestic franchise restaurants;Restaurant margin, as a percentage of restaurant and other sales, increased 117 basis points to 17.1% as the benefit of the 53rd week, a higher average check, and labor productivity were partially offset by wage rate and commodity inflation. Restaurant margin dollars increased 28.6% to $122.9 million from $95.6 million in the prior year;Diluted earnings per share increased 45.4% to $0.61 from $0.42 in the prior year. Diluted earnings per share were positively impacted by $0.10 to $0.11 as a result of the 53rd week;11 company restaurants, including two Bubba’s 33 restaurants, and three international franchise restaurants were opened; andThe Company repurchased 170,187 shares of common stock for $8.9 million. Results for the year-to-date period included the following highlights: Comparable restaurant sales increased 4.7% at company restaurants and 3.8% at domestic franchise restaurants;Restaurant margin, as a percentage of restaurant and other sales, decreased six basis points to 17.3%, as higher labor costs driven by wage rate and other inflation was offset by lower cost of sales due to the benefit of a higher average check. Restaurant margin dollars increased 11.8% to $474.2 million from $424.2 million in the prior year;Diluted earnings per share increased 11.9% to $2.46 from $2.20 in the prior year. Diluted earnings per share were positively impacted by $0.10 to $0.11 as a result of the 53rd week;22 company restaurants, including three Bubba’s 33 restaurants, and nine...

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