NASDAQ$TXRH

Texas Roadhouse Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Texas Roadhouse announced financial results for Q3 2021, noting strong demand and managing through industry challenges.

Texas Roadhouse reported strong demand for its brands in Q3 2021, with operators providing a legendary experience to a historic number of guests. The company is managing challenges including higher food costs, supply chain shortages, and a tight labor market. Strong cash flow allowed the company to resume share repurchases, continue dividend payments, open new restaurants, and grow the development pipeline.

  • Demand for Texas Roadhouse brands has never been stronger.
  • The company is managing through challenges like higher food costs and supply chain shortages.
  • Strong cash flow supports share repurchases, dividends, and new restaurant development.
  • The first franchise development agreement was signed for the Jaggers concept this quarter.

Headline financials

Total Revenue

$869M

Previous: $631M+37.7%
EPS (adj)

$0.75

Previous: $0.42+78.6%
Comparable Sales Growth

22.6%

Previous: 0.8%+2725.0%
Capital Expenditures

-$139M

Previous: -$118M-18.3%
Free Cash Flow

-$86.4M

Previous: -$88.3M+2.1%
Net Income

$52.6M

Previous: $29.2M+80.0%
Operating Income

$61.7M

Previous: $35M+76.4%
Gross Profit

-$287M

Previous: -$217M-31.9%
Cash & Equivalents

$437M

Previous: $329M+32.8%
Total Assets

$2.44B

Previous: $2.19B+11.6%
Stock-Based Comp

$11M

Previous: $7.58M+44.9%

Revenue & EPS history

Texas Roadhouse · Revenue · Quarterly

$869M

Q3 2021+37.7%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Management provided initial expectations for 2022.

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 Q3 2021

Historical avgQ3 2021

+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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