Texas Roadhouse Begins 2023 with Record-Breaking Guest Numbers

Texas Roadhouse reported a comp sales increase of 7.3% in Q4 and is up nearly 16% so far this year.

Texas Roadhouse recently announced their Q4 earnings, revealing a 7.3% increase in sales at company-owned restaurants and a 7.2% increase in sales at domestic franchise restaurants. The company’s average weekly sales for the quarter were over $130,000, with 12.6% being from to-go orders, compared to just under $122,000 and 14.4% the previous year. Despite many of its competitors experiencing negative trends, Texas Roadhouse has continued to see positive traffic, with a 1.1% increase in Q4. The company’s first seven weeks of 2023 have seen a weekly sales average of $146,000 and a 15.8% increase in comp sales compared to the previous year. This increase is attributed to both pricing and an increase in traffic. Investor relations director Michael Bailen noted that the company has seen more guests over the past seven weeks than in any other period in their history.

On February 17, the company celebrated its 30th anniversary. CEO Jerry Morgan expressed his enthusiasm for the popularity of the restaurant chain, stating that the company generated over $4 billion in annual revenue for the first time in 2022, and he anticipates this growth to continue.

Texas Roadhouse CEO Jerry Morgan expressed excitement over the demand for the concept and the company’s potential for revenue growth, stating that the company’s annual revenue surpassed $4 billion in 2022 and that he expects this momentum to continue. Despite inflationary pressures, the company achieved significant growth thanks to strong topline results. The company recently completed a 2.2% pricing increase to generate profit growth while maintaining value, though beef prices are forecasted to remain high.

Executives expect staffing levels to balance out through the year as retention numbers improve, which is a critical component to maintaining positive guest counts. Technology deployments, such as Roadhouse Pay and Kitchen Display Systems, have helped increase traffic lifts. Texas Roadhouse plans to continue adding to its footprint and open 25 to 30 new restaurants in 2023, looking for both suburban and higher-traffic metropolitan areas. The company is also expanding its scope to try new things and have success.

Texas Roadhouse is seeking multi-unit franchisees with extensive QSR experience to help grow the brand internationally. For more information about Texas Roadhouse and Jaggers franchise opportunities in your region, please visit


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