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Texas Roadhouse 1Q profit, sales rise slightly

Texas Roadhouse 1Q profit, sales rise slightly

Company says positive momentum extending into next quarter

Texas Roadhouse Inc.’s profit increased 1.1 percent in the April 1-ended quarter compared with the prior-year period, and earnings per share were flat.

“Positive comparable restaurant sales growth, including solid traffic growth, once again drove our top-line results, and we are pleased to see our sales momentum extend into the second quarter,” Kent Taylor, Texas Roadhouse’s chief executive, said in a statement.

In guidance, the Louisville, Ky.-based casual-dining company said same-store sales in its second quarter, which started April 2, increased about 1.6 percent compared with the prior-year period.

Texas Roadhouse operates more than 425 restaurants in 48 states and three foreign nations.
 

1Q NET INCOME

Result: $26.5 million, 37 cents per share
% Increase: 1.1% (from $26.2 million, or 37 cents per share)

1Q REVENUE

Result: $397.1 million
% Increase: 10.4% (from $359.7 million)

1Q SAME-STORE SALES

% Increase at company-owned units: 2.8%


% Increase at franchised units: 3.8%


Source: Company report



RELATED:
Texas Roadhouse 4Q net income rises 23%
Texas Roadhouse 3Q profit drops nearly 5%
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Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

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