Commodity inflation ate into first-quarter earnings at Texas Roadhouse, causing a 9-percent increase in total revenue to turn into a gain of 3 percent in net income and flat earnings per share. Despite having to lower earnings expectations for 2011, chain officials said higher-than-expected food costs could be mitigated by continuing the brand’s conservative store growth approach, moderate price increases and efforts to shift the menu mix. “We are very pleased with yet another ...

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