NASDAQ$TXRH

Texas Roadhouse Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Texas Roadhouse announced Q2 2020 results, revealing the impact of dining room re-openings on comparable restaurant sales and an increase in cash on hand due to working capital inflows and increased sales performance.

Texas Roadhouse reported its financial results for the second quarter of 2020, which were impacted by the COVID-19 pandemic and the re-opening of dining rooms. Comparable restaurant sales were affected by capacity restrictions. The company's cash position increased due to working capital inflows and improved sales.

  • Comparable restaurant sales were impacted by the re-opening of dining rooms across the country.
  • The company operated under a fully To-Go model in April, while May and June included various capacity restrictions.
  • Cash on hand position increased approximately $51.9 million due to working capital inflows, proceeds from the revolving credit facility, and increased sales performance.
  • As of the end of July, over 95% of company restaurants had dining rooms operating in a limited capacity.

Headline financials

Total Revenue

$476M

Previous: $690M-30.9%
EPS (adj)

-$0.48

Previous: $0.63-176.2%
Comparable Sales Growth

-23.2%

No prior period
Capital Expenditures

-$81.8M

Previous: -$87.8M+6.8%
Free Cash Flow

-$115M

Previous: -$42.9M-168.7%
Net Income

-$33.6M

Previous: $44.8M-174.8%
Operating Income

-$47.3M

Previous: $53.3M-188.8%
Gross Profit

-$195M

Previous: -$225M+13.7%
Cash & Equivalents

$282M

Previous: $145M+95.0%
Total Assets

$2.13B

Previous: $1.87B+14.0%
Stock-Based Comp

$7.24M

Previous: $7.74M-6.4%

Revenue & EPS history

Texas Roadhouse · Revenue · Quarterly

$476M

Q2 2020-30.9%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Due to the current unprecedented global market and economic conditions, the Company withdrew the financial outlook for the fiscal year ending December 29, 2020. The Company cannot yet reasonably estimate the impact to the business and therefore cannot provide an updated outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.9%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+1.6%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+21.2%

Q3 2019

Best reaction

-13.1%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.2%+13.4%+7.8%
Q4 2025-2.0%-0.4%-6.4%
Q3 2025+2.9%+4.3%+3.4%
Q1 2025+4.8%+9.6%+13.1%
Q4 2024-1.4%+2.4%-1.0%
Q3 2024+4.7%+7.9%+8.9%
Q2 2024+2.4%+5.1%+1.9%
Q1 2024+4.2%+5.7%+9.9%
Q4 2023+11.6%+11.2%+15.0%
Q3 2023+1.3%+5.3%+16.8%
Q2 2023-2.9%-2.1%-7.5%
Q1 2023-3.9%-4.5%-1.0%
Q4 2022+0.0%+0.2%+1.0%
Q3 2022+1.5%+1.8%+2.0%
Q2 2022+2.4%+2.0%+6.1%
Q1 2022+3.0%-2.3%-1.6%
Q4 2021-1.6%+4.3%-6.6%
Q3 2021+0.4%-0.8%-3.4%
Q2 2021-6.7%-10.2%-3.3%
Q1 2021+6.2%+6.1%-0.1%
Q4 2020+3.3%+6.1%+12.5%
Q3 2020+3.2%-0.0%+8.3%
Q2 2020+6.2%+7.6%+14.9%
Q1 2020-2.7%+6.1%+29.2%
Q4 2019+10.0%+1.8%-44.8%
Q3 2019+21.2%+16.3%+16.7%
Q2 2019+0.7%+1.8%-8.6%
Q1 2019-10.9%-9.7%-14.2%
Q4 2018-4.3%-4.5%-7.0%
Q3 2018-6.9%-7.5%-0.1%
Q2 2018-7.4%-6.7%-1.4%
Q1 2018-1.0%-1.7%-2.1%
Q4 2017-2.3%-1.2%-0.3%
Q3 2017-2.3%-5.0%-0.1%
Q2 2017+3.4%+1.4%-1.8%
Q1 2017+9.4%+7.5%+4.4%
Q4 2016-13.1%-12.5%-9.8%
Q3 2016-2.5%-4.3%+17.8%
Q2 2016-11.5%-5.6%-6.2%
Q1 2016+7.2%
Q4 2015+13.3%
Q3 2015+4.8%
Q2 2015-1.4%
Q1 2015+3.3%
Q4 2014+3.9%
Q3 2014+7.2%
Q2 2014-0.4%
Q1 2014-3.0%
Q4 2013+0.1%
Q3 2013-0.9%
Q2 2013-0.6%
Q1 2013+11.6%
Q4 2012+8.9%
Q3 2012+5.4%
Q2 2012-3.9%
Q1 2012-4.1%
Q4 2009-2.4%
Q4 2011-2.4%
Q3 2010+1.0%
Q3 2011+1.0%
Q2 2010-9.6%
Q2 2011-9.6%
Q1 2010-0.6%
Q4 2010-0.6%
Q1 2011-0.6%

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