Texas Roadhouse, Inc. Announces Third Quarter 2019 Results
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Texas Roadhouse (TXRH) Tops Q3 EPS by 6c, Revenues Beat, Comp. Sales Up 4.4%; Provides FY19 & FY20 Sales Growth Outlook
October 28, 2019 4:06 PM EDTTexas Roadhouse (NASDAQ: TXRH) reported Q3 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $650.49 million versus the consensus estimate of $648.8 million.
Results for the third quarter included the following highlights:
Comparable restaurant sales increased 4.4% at company restaurants and 3.2% at domestic franchise restaurants;Restaurant margin, as a percentage of restaurant and other sales, increased 49 basis points to 16.7%, as lower cost of sales due to the benefit of a higher average check was partially offset by higher labor costs driven by wage rate and other inflation. Restaurant... More