Texas Roadhouse (TXRH) Misses Q2 EPS by 5c

Texas Roadhouse (NASDAQ: TXRH) reported Q2 EPS of $0.62, $0.05 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $629.28 million versus the consensus estimate of $633.86 million.

• Comparable restaurant sales increased 5.7% at company restaurants and 3.9% at domestic franchise restaurants

2018 Outlook

Comparable restaurant sales at company restaurants for the first four weeks of our third quarter of fiscal 2018 increased approximately 4.7% compared to the prior year period.

Management updated the following expectations for 2018:

27 or 28 company restaurant openings, including up to five Bubba’s 33 restaurants; and
An income tax rate of 14.0% to 15.0%.

Management reiterated the following expectations for 2018:

Positive comparable restaurant sales growth;
Commodity cost inflation of approximately 1.0%;
Mid-single digit growth in labor dollars per store week, excluding the impact of higher guest counts; and
Total capital expenditures of approximately $165.0 million to $175.0 million.

For earnings history and earnings-related data on Texas Roadhouse (TXRH) click here.

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