Texas Roadhouse Inc.’s profit increased 1.1 percent in the April 1-ended quarter compared with the prior-year period, and earnings per share were flat.
“Positive comparable restaurant sales growth, including solid traffic growth, once again drove our top-line results, and we are pleased to see our sales momentum extend into the second quarter,” Kent Taylor, Texas Roadhouse’s chief executive, said in a statement.
In guidance, the Louisville, Ky.-based casual-dining company said same-store sales in its second quarter, which started April 2, increased about 1.6 percent compared with the prior-year period.
Texas Roadhouse operates more than 425 restaurants in 48 states and three foreign nations.
1Q NET INCOME
Result: $26.5 million, 37 cents per share% Increase: 1.1% (from $26.2 million, or 37 cents per share)
1Q REVENUE
Result: $397.1 million% Increase: 10.4% (from $359.7 million)
1Q SAME-STORE SALES
% Increase at company-owned units: 2.8%
% Increase at franchised units: 3.8%
Source: Company report
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