Texas Roadhouse Q3 Earnings: Misses on Earnings & Revenue
Nov 13, 2015
Texas Roadhouse is a growing full-service restaurant chain with a Western theme, specializing in hand-cut, cooked-to-order seasoned and aged steaks, as well as selections of other meats, salads, and sandwiches. The restaurant is known for its free rolls and bucket of peanuts at each table. Texas Roadhouse was founded in 1993 and is headquartered in Louisville, Kentucky.
Currently, Texas Roadhouse has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
1.) Missed earnings estimates. The company posted $0.29, missing our Zacks Consensus Estimate of $0.31.
2.) Missed revenue estimates. The company saw revenue figures of $438.1 million, missing our estimate of $441 million.
3.) Net income attributed to Texas Roadhouse, Inc. and subsidiaries this quarter was $20.482 million.
4.) Kent Taylor, Chief Executive Officer of Texas Roadhouse, Inc., commented, “We are pleased with our third quarter results, which included double digit revenue growth comprised of solid comparable restaurant sales growth of 6.9% and store week growth of 7.7% from new restaurant development. Our performance continues to be driven by our commitment to legendary food and legendary service.”
5.) TXRH was up $0.02, or 0.06%, to $35.03 as of 4:32 PM ET in after hours trading shortly after its earnings report was released.