Earnings Report: Texas Roadhouse, Inc. Reports Q1 Earnings: EPS Increased 31% from Last Year

Texas Roadhouse, Inc. (NASDAQ:TXRH) reported Q1 earnings Monday showing a 31% increase in diluted EPS from last year's $0.20, to $0.27.

Along with opening three new restaurants, Texas Roadhouse reported a 0.4% rise in company restaurant sales and a 0.9% increase in franchise restaurant sales.

Restaurant margins rose to 20.1% at 218 basis points.

"We were very pleased with our first quarter results. Our results were driven by positive comparable restaurant sales and continued restaurant-level margin expansion led by favorable commodity costs," said Texas Roadhouse president and CEO G.J. Hart. "For the balance of 2010, we anticipate a continued favorable commodities environment and we remain focused on providing legendary food and service to our guests in an effort to continue driving positive sales. In addition, we remain committed to investing in new restaurant growth that generates a solid return on invested capital and allows us to maintain a conservative capital structure."

Shares of the company closed today at $15.39.

Category:

News & Politics

Tags:

• Texas
• Roadhouse
• TXRH
• Stock
• News
• Trading
• Earnings
• G.J.
• Hart

[miguel32401]

@PrettyGagita What cuisine do they serve?

[PrettyGagita]

I absolutely love this restaurant! The atmosphere is fun and food is fantastic. Most of the waiters and waitress are very very nice. And I don't think it's too pricey, either, considering the amount of food you get. ;-)