Texas Roadhouse Earnings Call Transcripts
Fiscal Year 2026
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Second quarter revenue grew 11.1% year-over-year, with same-store sales up 6.2% and robust traffic gains. Margin pressure from commodity inflation was partially offset by pricing and operational efficiencies. The company maintains a strong development pipeline and reduced its full-year commodity inflation outlook to 5%.
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First quarter revenue grew 12.8% to over $1.6 billion, with same-store sales up 7.1% and strong traffic growth. Commodity inflation guidance was reduced to 6%-7% for 2026, with Q2 expected to be the peak. Margin dollars and to-go sales both increased year-over-year.
Fiscal Year 2025
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Revenue reached nearly $5.9B in 2025, with 4.9% same-store sales growth and strong traffic gains. Despite commodity and labor cost pressures, robust cash flow funded expansion, acquisitions, and increased shareholder returns. 2026 guidance anticipates continued inflation headwinds and steady unit growth.
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Record Q3 revenue and strong same-store sales growth were driven by robust consumer demand and operational execution. Commodity and labor inflation remain key challenges, but guidance for 2026 anticipates continued expansion, disciplined capital allocation, and further technology upgrades.
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Record Q2 revenue surpassed $1.5B, driven by 5.8% same-store sales growth and robust traffic. Beef inflation remains a key headwind, but expansion continues with new openings and franchise acquisitions. Off-premise and digital initiatives support ongoing top-line momentum.
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First quarter revenue grew 9.6% year-over-year, with same-store sales up 3.5% and positive traffic growth. Commodity and labor inflation pressures persist, but momentum has returned, and guidance for full-year inflation and capital expenditures remains steady.
Fiscal Year 2024
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Record 2024 results included double-digit growth in revenue, margins, and EPS, with strong traffic and unit expansion. 2025 guidance anticipates continued growth, moderate menu price increases, higher labor and commodity inflation, and robust capital allocation, including a new $500M buyback.
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Third quarter saw 13.5% revenue growth, 8.5% same-store sales increase, and 32.5% EPS growth, with all brands posting positive traffic and sales. 2025 guidance includes 30 new company-owned openings, 2%-3% commodity inflation, and $400M in capex.
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Q2 2024 saw 14.5% revenue growth, 9.3% same-store sales growth, and a 46.4% EPS increase, driven by strong traffic, new store openings, and margin expansion. Capital expenditure guidance was raised, and technology rollouts advanced, with robust trends continuing into Q3.