Company cites increased traffic, improved margins
Texas Roadhouse Inc. said increased traffic and sales drove a 30-percent jump in net income for the third quarter. For the quarter ended Sept. 28, Texas Roadhouse recorded net income of $14 million, or 19 cents per share, compared with $10.7 million, or 15 cents per share, in the year-earlier third quarter. Revenue rose 8 percent to $245.6 million in the third quarter, reflecting the opening of three corporate stores and a same-store sales increase of 4.3 percent at corporate ...
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