Texas Roadhouse posts 4.4% same-store sales increase at company units
Third-quarter results ‘solid,’ CEO Kent Taylor says, and pipeline for openings ‘strong’
Ron Ruggless, Nation's Restaurant News
Oct 28, 2019
Texas Roadhouse Inc. posted same-store sales increases of 4.4% at its company-owned units in the third quarter ended Sept. 24, the company reported Monday.
While many casual-dining competitors saw sluggish sales in the quarter, the Louisville, Ky.-based brand said same-store sales increased at company-owned units as well as rose 3.2% at franchised domestic restaurants.
The increase was continuing into the fourth quarter, the company said in its guidance, saying that in the first four weeks of the period, same-store sales were up 5.3%.
For the casual-dining segment In September, for example, the average quarterly same-store sales growth in the latest quarter was 0.5%.
“We are pleased to deliver a solid quarter of results driven by improved restaurant margins and comparable restaurant sales growth of 4.4%,” said Kent Taylor, Texas Roadhouse CEO, in a statement. “Our operators continue to execute on our core strategy of getting guests in the door and providing a legendary experience.”
For the third-quarter, Texas Roadhouse’s net income rose 25.4%...