High commodity costs will make sustaining success in 2012 difficult, Texas Roadhouse Inc. officials said after reporting positive third-quarter results. Officials of the casual-dining chain said same-store sales, net income and earnings per share all rose in the quarter ended Sept. 27. Food costs rose approximately 4.5 percent during the period, said chief financial officer Price Cooper. He also projected that they would rise from 7 percent to 9 percent in 2012. “I would expect to feel ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!