AG˹ٷ

STOCK TITAN

Texas Roadhouse,Inc. Announces Fourth Quarter 2024 Results

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Texas Roadhouse (TXRH) reported strong Q4 2024 results, with comparable restaurant sales increasing 7.7% at company restaurants and 6.3% at domestic franchise restaurants. The company's average weekly sales reached $153,867, with $20,067 in to-go sales.

Restaurant margin increased to 17.0% from 15.3%, driven by higher sales and improved labor productivity. Diluted earnings per share grew 60.1%, benefiting approximately 20% from an additional week in Q4. For full-year 2024, the company opened 31 company restaurants and 14 franchise locations.

The Board approved an 11% increase in quarterly dividend to $0.68 per share and authorized a new $500 million stock repurchase program. Looking ahead to 2025, management expects positive comparable sales growth, 5% store week growth, and commodity cost inflation of 3-4%.

Texas Roadhouse (TXRH) ha riportato risultati solidi per il quarto trimestre del 2024, con un aumento delle vendite nei ristoranti comparabili del 7,7% nei ristoranti di proprietà e del 6,3% nei ristoranti in franchising domestici. Le vendite medie settimanali dell'azienda hanno raggiunto i $153,867, con $20,067 in vendite da asporto.

Il margine del ristorante è aumentato al 17,0% dal 15,3%, grazie a maggiori vendite e a una migliore produttività del lavoro. Gli utili per azione diluiti sono cresciuti del 60,1%, beneficiando di circa il 20% da una settimana aggiuntiva nel quarto trimestre. Per l'intero anno 2024, l'azienda ha aperto 31 ristoranti di proprietà e 14 ristoranti in franchising.

Il Consiglio ha approvato un aumento dell'11% del dividendo trimestrale a $0,68 per azione e ha autorizzato un nuovo programma di riacquisto di azioni da $500 milioni. Guardando al 2025, la direzione si aspetta una crescita positiva delle vendite comparabili, una crescita settimanale dei negozi del 5% e un'inflazione dei costi delle materie prime del 3-4%.

Texas Roadhouse (TXRH) reportó resultados sólidos para el cuarto trimestre de 2024, con un aumento del 7.7% en las ventas de restaurantes comparables en los restaurantes de la compañía y del 6.3% en los restaurantes franquiciados nacionales. Las ventas semanales promedio de la compañía alcanzaron los $153,867, con $20,067 en ventas para llevar.

El margen del restaurante aumentó al 17.0% desde el 15.3%, impulsado por mayores ventas y una mejor productividad laboral. Las ganancias por acción diluidas crecieron un 60.1%, beneficiándose aproximadamente en un 20% de una semana adicional en el cuarto trimestre. Durante todo el año 2024, la compañía abrió 31 restaurantes propios y 14 franquicias.

La Junta aprobó un aumento del 11% en el dividendo trimestral a $0.68 por acción y autorizó un nuevo programa de recompra de acciones por $500 millones. Mirando hacia 2025, la dirección espera un crecimiento positivo en las ventas comparables, un crecimiento semanal de las tiendas del 5% y una inflación en los costos de las materias primas del 3-4%.

텍사� 로드하우� (TXRH)� 2024� 4분기 강력� 실적� 보고했으�, 회사 소속 레스토랑� 동종 매출� 7.7%, 국내 프랜차이� 레스토랑� 매출� 6.3% 증가했습니다. 회사� 주간 평균 매출은 $153,867� 달하�, 포장 매출은 $20,067입니�.

레스토랑 마진은 15.3%에서 17.0%� 증가했으�, 이는 매출 증가와 노동 생산� 개선� 기인합니�. 희석 주당 순이익은 60.1% 증가했으�, 4분기� 추가 주로 인해 � 20%� 혜택� 보았습니�. 2024� 전체 연도 동안 회사� 31개의 회사 레스토랑� 14개의 프랜차이� 매장� 열었습니�.

이사회는 분기 배당금을 주당 $0.68� 11% 인상하는 것을 승인했으�, 5� 달러 규모� 새로� 자사� 매입 프로그램� 승인했습니다. 2025년을 바라보며, 경영진은 긍정적인 동종 매출 성장, 5%� 매장 주간 성장, 3-4%� 원자� 비용 인플레이션을 예상하고 있습니다.

Texas Roadhouse (TXRH) a annoncé de solides résultats pour le quatrième trimestre 2024, avec une augmentation de 7,7% des ventes dans les restaurants comparables appartenant à l'entreprise et de 6,3% dans les restaurants franchisés nationaux. Les ventes hebdomadaires moyennes de l'entreprise ont atteint 153,867 $, dont 20,067 $ en ventes à emporter.

La marge des restaurants a augmenté à 17,0% contre 15,3%, soutenue par des ventes plus élevées et une productivité du travail améliorée. Le bénéfice dilué par action a augmenté de 60,1%, bénéficiant d'environ 20% d'une semaine supplémentaire au quatrième trimestre. Pour l'année 2024, l'entreprise a ouvert 31 restaurants et 14 établissements franchisés.

Le Conseil a approuvé une augmentation de 11% du dividende trimestriel à 0,68 $ par action et a autorisé un nouveau programme de rachat d'actions de 500 millions de dollars. En regardant vers 2025, la direction s'attend à une croissance positive des ventes comparables, une croissance hebdomadaire des magasins de 5% et une inflation des coûts des matières premières de 3 à 4 %.

Texas Roadhouse (TXRH) hat im vierten Quartal 2024 starke Ergebnisse gemeldet, mit einem Anstieg der vergleichbaren Restaurantumsätze um 7,7% in den Unternehmensrestaurants und 6,3% in den nationalen Franchise-Restaurants. Der durchschnittliche wöchentliche Umsatz des Unternehmens erreichte $153,867, davon $20,067 im To-Go-Verkauf.

Die Restaurantmarge stieg von 15,3% auf 17,0%, was auf höhere Umsätze und verbesserte Arbeitsproduktivität zurückzuführen ist. Der verwässerte Gewinn pro Aktie wuchs um 60,1%, was etwa 20% von einer zusätzlichen Woche im vierten Quartal profitierte. Im gesamten Jahr 2024 eröffnete das Unternehmen 31 Unternehmensrestaurants und 14 Franchise-Standorte.

Der Vorstand genehmigte eine Erhöhung der vierteljährlichen Dividende um 11% auf $0,68 pro Aktie und autorisierte ein neues Aktienrückkaufprogramm über $500 Millionen. Für 2025 erwartet das Management ein positives Wachstum der vergleichbaren Verkäufe, ein Wachstum der Geschäfte um 5% pro Woche und eine Inflation der Rohstoffkosten von 3-4%.

Positive
  • Comparable restaurant sales increased 7.7% at company restaurants in Q4
  • Restaurant margin improved to 17.0% from 15.3% year-over-year
  • Diluted EPS grew 60.1% in Q4 2024
  • Board approved 11% dividend increase to $0.68 per share
  • New $500 million stock repurchase program authorized
  • 45 new restaurants opened in 2024 (31 company-owned, 14 franchise)
Negative
  • Facing commodity cost inflation of 3-4% for 2025
  • Wage and labor inflation of 4-5% expected in 2025

Insights

Texas Roadhouse's Q4 2024 results showcase exceptional operational execution and financial discipline. The 7.7% comparable sales growth at company restaurants, coupled with a substantial improvement in restaurant margin to 17.0%, demonstrates the company's ability to effectively manage costs while driving top-line growth. The expansion of restaurant margin by 170 basis points is particularly impressive given the 5.0% wage inflation environment.

The to-go sales segment continues to be a significant revenue driver, contributing $20,067 to average weekly sales of $153,867. This represents approximately 13% of total sales, indicating successful retention of the off-premise business developed during the pandemic while maintaining strong dine-in performance.

The strategic acquisition of 13 franchise restaurants for $78 million aligns with the company's growth trajectory and should contribute approximately 2% to store week growth in 2025. This move provides immediate revenue capture and operational control in established markets.

Capital allocation decisions reflect management's balanced approach to growth and shareholder returns. The 11% dividend increase and new $500 million stock repurchase program signal strong confidence in future cash flow generation. The company's planned $400 million capital expenditure for 2025 supports its ambitious expansion strategy while maintaining financial flexibility.

Looking ahead, the company's early 2025 comparable sales growth of 2.9% and planned menu price increase of 1.4% in April position it well to navigate expected commodity inflation of 3-4%. The focus on operational efficiency and strategic pricing should help maintain margin strength despite inflationary pressures.

Increases Quarterly Dividend 11% to $0.68 per Share andApproves Stock Repurchase Program of $500 Million

LOUISVILLE, Ky., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Texas Roadhouse,Inc. (NasdaqGS: TXRH), today announced financial results for the fourth quarter and fiscal year ended December31, 2024.

Financial Results

Financial results for the fourth quarter and fiscal year ended December31, 2024 and December26, 2023 were as follows:

Fourth Quarter EndedFiscal Year Ended
($000's, except per share amounts)December 31,
2024
December 26,
2023
%changeDecember 31,
2024
December 26,
2023
%change
Total revenue$1,437,914$1,164,36123.5%$5,373,332$4,631,67216.0%
Income from operations138,55283,77365.4%516,519353,98945.9%
Net income115,83372,43059.9%433,592304,87642.2%
Diluted earnings per share$1.73$1.0860.1%$6.47$4.5442.5%

Note: Fourth quarter and fiscal year 2024 results include 14 and 53 weeks, respectively, compared to 13 and 52 weeks in the fourth quarter and fiscal year 2023, respectively.

Results for the fourth quarter ended December 31, 2024, as compared to the prioryear as applicable, included the following:

  • Comparable restaurant sales increased 7.7% at company restaurants and increased 6.3% at domestic franchise restaurants;
  • Average weekly sales at company restaurants were $153,867 of which $20,067 were to-go sales as compared to average weekly sales of $141,653 of which $17,793 were to-go sales in the prioryear;
  • Restaurant margin dollars increased 37.3% to $242.6 million from $176.7 million in the prioryear primarily due to higher sales. Restaurant margin, as apercentage of restaurant and other sales, increased to 17.0% from 15.3% in the prior year driven primarily by higher sales. The benefit of a higher average guest check, the benefit of the additional week, and improved labor productivity more than offset wage and other labor inflation of 5.0% and commodity inflation of 0.3%;
  • Diluted earnings per share increased 60.1% primarily driven by higher restaurant margin dollars partially offset by higher depreciation and amortization expenses and higher general and administrative expenses. Diluted earnings per share growth was positively impacted by approximately 20% as a result of the additional week;
  • Nine company restaurants and five franchise restaurants were opened; and
  • Capital allocation spend included capital expenditures of $107.8 million, dividends of $40.7 million, and repurchases of common stock of $35.1 million.

Results for the fiscal year ended December 31, 2024, as compared to the prioryear as applicable, included the following:

  • Comparable restaurant sales increased 8.5% at company restaurants and increased 7.4% at domestic franchise restaurants;
  • Average weekly sales at company restaurants were $155,285 of which $19,940 were to-go sales as compared to average weekly sales of $143,837 of which $18,088 were to-go sales in the prioryear;
  • Restaurant margin dollars increased 29.4% to $915.8 million from $708.0 million in the prioryear primarily due to higher sales. Restaurant margin, as apercentage of restaurant and other sales, increased to 17.1% from 15.4% in the prior year driven primarily by higher sales. The benefit of a higher average guest check and improved labor productivity more than offset wage and other labor inflation of 4.6% and commodity inflation of 0.7%;
  • Diluted earnings per share increased 42.5% primarily driven by higher restaurant margin dollars partially offset by higher depreciation and amortization expenses and higher general and administrative expenses. Diluted earnings per share growth was positively impacted by approximately 5% as a result of the additional week;
  • 31 company restaurants and 14 franchise restaurants were opened; and
  • Capital allocation spend included capital expenditures of $354.3 million, dividends of $162.9 million, and repurchases of common stock of $79.8 million.

Jerry Morgan, Chief Executive Officer of Texas Roadhouse, Inc. commented, “We ended 2024 on an incredible note, which was highlighted by fourth quarter and full-year traffic growth at all three of our brands. These results are a credit to our operators who, as I’ve said before, continue to create an environment where Roadies want to work, and guests want to dine. I also want to thank Roadie Nation and the more than 250 million guests who supported us by dining in our restaurants.�

Morgan continued, “We are off to a strong start in 2025 with the completion of the previously announced acquisition of 13 franchise restaurants. In addition, due to the continued growth across our portfolio, our 800th restaurant is under construction and will open later this year. As we have consistently done, we will leverage the strength of our balance sheet to continue to fund our development growth while also returning capital to our shareholders.�

Franchise Acquisition

On the first day of the 2025 fiscal year, the Company completed the acquisition of 13 domestic franchise restaurants for an aggregate purchase price of approximately $78 million.

2025 Outlook

Comparable restaurant sales at company restaurants for the first seven weeks of our first quarter of fiscal 2025 increased2.9% compared to 2024. In addition, the Company plans to implement a menu price increase of approximately 1.4% in early April.

Management updated the following expectation for 2025:

  • Commodity cost inflation of 3% to 4%.

Management reiterated the following expectations for 2025:

  • Positive comparable restaurant sales growth including the benefit of 2024 menu pricing actions;
  • Store week growth of approximately 5%, including a benefit of 2% from the franchise acquisition;
  • Wage and other labor inflation of 4% to 5%;
  • An effective income tax rate of 15% to 16%; and
  • Total capital expenditures of approximately $400 million.

Cash Dividend Payment

On February19, 2025, the Company’s Board of Directors approved the payment of a quarterly cash dividend of $0.68 per share of common stock. This payment, which represents an 11% increase from the quarterly cash dividend in 2024, will be distributed on April1, 2025, to shareholders of record at the close of business on March18, 2025.

Stock Repurchase Authorization

On February 19, 2025, the Company’s Board of Directors approved a stock repurchase program under which they authorized the Company to repurchase up to $500 million of its common stock. This new stock repurchase program will commence on February 24, 2025 and any repurchases made under such plan will be made by the Company through open market transactions. This stock repurchase program has no expiration date and replaces the previous stock repurchase program of $300 million which was approved on March 17, 2022.

Non-GAAP Measures

The Company prepares the consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP�). Within the press release, the Company makes reference to restaurant margin (in dollars, as apercentage of restaurant and other sales, and per store week). Restaurant margin represents restaurant and other sales less restaurant-level operating costs, including food and beverage costs, labor, rent, and other operating costs. Restaurant margin should not be considered in isolation, or as an alternative, to income from operations. This non-GAAP measure is not indicative of overall company performance and profitability in that this measure does not accrue directly to the benefit of shareholders due to the nature of the costs excluded. Restaurant margin is widely regarded as a useful metric by which to evaluate core restaurant-level operating efficiency and performance over various reporting periods on a consistent basis. In calculating restaurant margin, the Company excludes certain non-restaurant-level costs that support operations, but do not have a direct impact on restaurant-level operational efficiency and performance, including general and administrative expenses. The Company excludes pre-opening expenses as they occur at irregular intervals and would impact comparability to prior period results. The Company excludes depreciation and amortization expenses, substantially all of which relate to restaurant-level assets, as they represent a non-cash charge for the investment in restaurants. The Company excludes impairment and closure expenses as it believes this provides a clearer perspective of ongoing operating performance and a more useful comparison to prior period results. Restaurant margin as presented may not be comparable to other similarly titled measures of other companies in the industry. A reconciliation of income from operations to restaurant margin is included in the accompanying financial tables.

Conference Call

Texas Roadhouse,Inc. is hosting a conference call today, February 20, 2025, at 5:00p.m. Eastern Time to discuss these results. The call will be webcast live from the investor relations portion of the Company’s website at www.texasroadhouse.com. Listeners may also access the call by dialing (888) 440�5667 or (646) 960�0476 for international calls and referencing the Texas Roadhouse,Inc. Fourth Quarter 2024 Earnings. A replay of the call will be available until February27, 2025, by dialing (800) 770�2030 or (609) 800�9909 for international calls and using conference ID 7714420.

About the Company

Texas Roadhouse,Inc. is a growing restaurant company operating predominantly in the casual dining segment that first opened in 1993 and today has grown to over 780 restaurants system-wide in 49 states, one U.S. territory, and ten foreign countries. For more information, please visit the Company’s Web site at www.texasroadhouse.com.

Forward-looking Statements

Certain statements in this release are forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon the current beliefs and expectations of the management of Texas Roadhouse, Inc. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, conditions beyond management’s control such as weather, natural disasters, disease outbreaks, epidemics, or pandemics impacting customers or food supplies; labor or supply chain shortages or limited availability of staff or product needed to meet its business standards; changes in consumer discretionary spending and macroeconomic conditions, including inflationary pressures; food safety, and food-borne illness concerns; and other factors disclosed from time to time in its filings with the U.S. Securities and Exchange Commission. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “PartI—Item1A. Risk Factors� of the Annual Report on Form10‑K for the fiscalyear ended December26, 2023. These factors should not be construed as exhaustive and should be read in conjunction with other filings with the Securities and Exchange Commission. Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.

Contacts:
Investor RelationsMedia
Michael BailenTravis Doster
(502) 515�7298(502) 638�5457


Texas Roadhouse,Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)
Fourth Quarter EndedFiscal Year Ended
December 31,
2024
December 26,
2023
December 31,
2024
December 26,
2023
Revenue:
Restaurant and other sales$1,428,780$1,157,362$5,341,853$4,604,554
Franchise royalties and fees9,1346,99931,47927,118
Total revenue1,437,9141,164,3615,373,3324,631,672
Costs and expenses:
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Food and beverage479,461395,7531,785,1191,593,852
Labor471,511383,1541,764,7401,539,124
Rent21,01718,76580,56072,766
Other operating214,142183,002795,657690,848
Pre-opening6,5119,52328,09029,234
Depreciation and amortization49,23940,438178,157153,202
Impairment and closure, net911441,226275
General and administrative57,39049,809223,264198,382
Total costs and expenses1,299,3621,080,5884,856,8134,277,683
Income from operations138,55283,773516,519353,989
Interest income, net1,7672546,7742,984
Equity income from investments in unconsolidated affiliates4191701,1971,351
Income before taxes140,73884,197524,490358,324
Income tax expense22,2329,17580,14544,649
Net income including noncontrolling interests118,50675,022444,345313,675
Less: Net income attributable to noncontrolling interests2,6732,59210,7538,799
Net income attributable to Texas Roadhouse, Inc. and subsidiaries$115,833$72,430$433,592$304,876
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:
Basic$1.74$1.08$6.50$4.56
Diluted$1.73$1.08$6.47$4.54
Weighted average shares outstanding:
Basic66,68066,80366,75266,893
Diluted66,99867,07867,01167,149
Cash dividends declared per share$0.61$0.55$2.44$2.20


Texas Roadhouse,Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
December 31, 2024December 26, 2023
Cash and cash equivalents$245,225$104,246
Other current assets, net271,343252,228
Property and equipment, net1,617,6731,474,722
Operating lease right-of-use assets, net769,865694,014
Goodwill169,684169,684
Intangible assets, net1,2653,483
Other assets115,72494,999
Total assets$3,190,779$2,793,376
Current liabilities828,130745,434
Operating lease liabilities, net of current portion826,300743,476
Other liabilities162,626146,955
Texas Roadhouse,Inc. and subsidiaries stockholders� equity1,358,3471,141,662
Noncontrolling interests15,37615,849
Total liabilities and equity$3,190,779$2,793,376


Texas Roadhouse,Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
Fiscal Year Ended
December 31, 2024December 26, 2023
Cash flows from operating activities:
Net income including noncontrolling interests$444,345$313,675
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization178,157153,202
Share-based compensation expense47,05534,230
Deferred income taxes(13,803)3,115
Other noncash adjustments, net4,3253,307
Change in working capital, net of acquisitions93,55057,455
Net cash provided by operating activities753,629564,984
Cash flows from investing activities:
Capital expenditures - property and equipment(354,341)(347,034)
Acquisitions of franchise restaurants, net of cash acquired(39,153)
Proceeds from sale of investments in unconsolidated affiliates627
Proceeds from sale of property and equipment1,4412,110
Proceeds from sale leaseback transactions15,99916,283
Net cash used in investing activities(336,901)(367,167)
Cash flows from financing activities:
Payments on revolving credit facility(50,000)
Repurchase of shares of common stock, including excise taxes as applicable(80,003)(49,993)
Dividends paid to shareholders(162,864)(147,182)
Other financing activities, net(32,882)(20,257)
Net cash used in financing activities(275,749)(267,432)
Net increase (decrease) in cash and cash equivalents140,979(69,615)
Cash and cash equivalents - beginning of period104,246173,861
Cash and cash equivalents - end of period$245,225$104,246


Texas Roadhouse, Inc. and Subsidiaries
Reconciliation of Income from Operations to Restaurant Margin
($ in thousands)
(unaudited)
Fourth Quarter EndedFiscal Year Ended
December 31,
2024
December 26,
2023
December 31,
2024
December 26,
2023
Income from operations$138,552$83,773$516,519$353,989
Less:
Franchise royalties and fees9,1346,99931,47927,118
Add:
Pre-opening6,5119,52328,09029,234
Depreciation and amortization49,23940,438178,157153,202
Impairment and closure, net911441,226275
General and administrative57,39049,809223,264198,382
Restaurant margin$242,649$176,688$915,777$707,964
Restaurant margin (as a percentage of restaurant and other sales)17.0%15.3%17.1%15.4%


Texas Roadhouse,Inc. and Subsidiaries
Supplemental Financial and Operating Information
($ amounts in thousands, except restaurant margin $ per
store week and weekly sales by group)
(unaudited)
Fourth Quarter Ended
December 31, 2024December 26, 2023Change
Company restaurants (all concepts)
Restaurant and other sales$1,428,780$1,157,36223.5%
Store weeks9,2768,15813.7%
Comparable restaurant sales (1)7.7%9.9%
Restaurant operating costs (as a % of restaurant and other sales)
Food and beverage costs33.5%34.2%65bps
Labor33.0%33.1%10bps
Rent1.5%1.6%15bps
Other operating15.0%15.8%82bps
Total83.0%84.7%
Restaurant margin %17.0%15.3%172bps
Restaurant margin $$242,649$176,68837.3%
Restaurant margin $/Store week$26,159$21,65820.8%
Texas Roadhouse restaurants only:
Store weeks8,4787,48713.2%
Comparable restaurant sales (1)7.8%10.2%
Average unit volume (2)$2,211$1,88817.1%
Average unit volume, 2023 adjusted (3)$2,211$2,0696.9%
Weekly sales by group:
Comparable restaurants (564 and 545 units)$159,260$145,3619.6%
Average unit volume restaurants (27 and 19 units)$130,282$140,765(7.4)%
Restaurants less than 6months old (17 and 18 units)$158,119$137,12315.3%
Bubba’s 33 restaurants only:
Store weeks68057418.5%
Comparable restaurant sales (1)6.7%3.3%
Average unit volume (2)$1,626$1,41115.2%
Average unit volume, 2023 adjusted (3)$1,626$1,5365.9%
Weekly sales by group:
Comparable restaurants (40 and 36 units)$117,098$110,4906.0%
Average unit volume restaurants (5 and 4 units)$108,687$90,82219.7%
Restaurants less than 6months old (4 and 5 units)$129,924$124,3894.4%
Texas Roadhouse franchise restaurants only:
Store weeks1,5761,31020.3%
Comparable restaurant sales5.6%7.9%
U.S. franchise restaurants only:
Comparable restaurant sales (1)6.3%8.9%
Average unit volume (2)$2,380$2,06715.1%
Average unit volume, 2023 adjusted (3)$2,380$2,2605.3%


(1)Comparable restaurant sales reflect the change insales for all company restaurants across all concepts, unless otherwise noted, over the same period of the prior year for restaurants open a full 18 months before the beginning of the period, excluding sales from restaurants permanently closed during the period.
(2)Average unit volume includes sales from restaurants open for a full sixmonths before the beginning of the period, excluding sales from restaurants permanently closed during the period, if applicable.
(3)For comparative purposes, Q4 2023 was adjusted to include 14 weeks.


Texas Roadhouse,Inc. and Subsidiaries
Restaurant Unit Activity
(unaudited)
Fourth Quarter EndedFiscal Year Ended
December 31,
2024
December 26,
2023

ChangeDecember 31,
2024
December 26,
2023
Change
Restaurant openings
Company- Texas Roadhouse79(2)26224
Company- Bubba’s 3312(1)45(1)
Company- Jaggers1113(2)
Total company restaurants912(3)31301
Franchise- Texas Roadhouse- Domestic2(2)3(3)
Franchise- Jaggers - Domestic1122
Franchise- Texas Roadhouse- Int'l (1)34(1)11101
Franchise- Jaggers - Int'l1111
Total franchise restaurants57(2)1415(1)
Total restaurants1419(5)4545
Restaurant acquisitions/dispositions
Company- Texas Roadhouse8(8)
Franchise- Texas Roadhouse- Domestic(8)8
Restaurant closures
Franchise- Texas Roadhouse- Domestic(1)1
Franchise- Texas Roadhouse- International(2)(2)(2)(2)
Restaurants open at the end of the quarter
Company- Texas Roadhouse60858226
Company- Bubba’s 3349454
Company- Jaggers981
Total company restaurants66663531
Franchise- Texas Roadhouse- Domestic5656
Franchise- Jaggers- Domestic422
Franchise- Texas Roadhouse- Int'l (1)57489
Franchise - Jaggers - Int'l11
Total franchise restaurants11810612
Total restaurants78474143

__________________________
(1)Includes a U.S. territory.


FAQ

What was Texas Roadhouse's (TXRH) comparable sales growth in Q4 2024?

Texas Roadhouse reported a 7.7% increase in comparable sales at company restaurants and 6.3% at domestic franchise restaurants in Q4 2024.

How much did TXRH increase its quarterly dividend in February 2025?

Texas Roadhouse increased its quarterly dividend by 11% to $0.68 per share, payable on April 1, 2025.

What is the size of TXRH's new stock repurchase program announced in February 2025?

The Board authorized a new $500 million stock repurchase program, replacing the previous $300 million program.

How many new restaurants did Texas Roadhouse open in fiscal 2024?

Texas Roadhouse opened 45 new restaurants in fiscal 2024, consisting of 31 company-owned and 14 franchise locations.

What is TXRH's expected commodity cost inflation for 2025?

Management expects commodity cost inflation of 3% to 4% for 2025.
Texas Roadhouse Inc

NASDAQ:TXRH

TXRH Rankings

TXRH Latest News

TXRH Latest SEC Filings

TXRH Stock Data

12.68B
65.94M
0.64%
94.19%
4.99%
Restaurants
Retail-eating Places
United States
LOUISVILLE