Texas Roadhouse Q2 Profit Slips on Higher Costs, Revenue Beats
TXRH sits 36% above its 52-week low of $153.825.
Summary
Texas Roadhouse posted Q2 net income of $121.9M ($1.85/share), down slightly from $124.1M a year ago, as higher depreciation and G&A costs offset an 11% revenue jump to $1.68B. Revenue edged past the $1.67B FactSet consensus. Comparable sales rose 6.2% on strong traffic, and the company guided for positive full-year comps including menu pricing benefits. The profit dip is modest against a 52-week high stock price, but the revenue beat and traffic strength keep the growth narrative intact.
At the time of this announcement, TXRH was trading at $208.51 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $13.7B. The 52-week trading range was $153.83 to $213.26. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.