Texas Roadhouse Inc. reported on Monday that net income in its June 25-ended second quarter slipped 1.7 percent while earnings per share remained flat and same-store sales rose. The Louisville, Ky.-based company said restaurant margins as a percentage of sales decreased 47 basis points, to 18.6 percent, primarily because of higher commodity costs.
NET INCOME
Result: $19.96 million, or 28 cents per share% Decrease: 1.7% (from $20.31 million, or 28 cents per share)
REVENUE
Result: $352.1 million% Increase: 9.9% (from $320.3 million)
SAME-STORE SALES
% Increase: 4.5% at company restaurants; 5.3% at franchise restaurantsSource: Company report
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Contact Ron Ruggless at [email protected].
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