Texas Roadhouse Inc. reported on Monday a 23-percent increase in net income, saying it was a strong finish to 2013. Fiscal 2013 marked the Louisville, Ky.-based casual-dining chain’s fourth consecutive year of positive same-store sales.
On Dec. 31, the company completed the sale of its Aspen Creek concept and two restaurants in a $6 million deal. In exchange, the company received two franchise locations of Texas Roadhouse in Ohio and $1.5 million in cash, for which the company recorded a pre-tax gain of $1.8 million in the fourth quarter.
The company plans to open 25 to 30 new restaurants in 2014, after opening a total of 26 company-owned and four franchised units in 2013.
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