NASDAQ$TXRH

Texas Roadhouse Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Texas Roadhouse reported strong growth in Q4 2024, with revenue and earnings rising significantly.

Texas Roadhouse delivered a strong fourth quarter, with total revenue increasing 23.5% year-over-year. Comparable restaurant sales grew at both company and franchise locations. Higher restaurant margins contributed to a 60.1% increase in diluted EPS, though higher expenses offset some of the gains. The company also opened nine new company-owned restaurants and five franchise locations.

  • Total revenue increased 23.5% to $1.44 billion.
  • Net income rose 59.9% to $115.83 million.
  • Comparable restaurant sales grew 7.7% at company restaurants.
  • EPS increased 60.1% to $1.73, benefiting from an additional reporting week.

Headline financials

Total Revenue

$1.44B

Previous: $1.16B+23.5%
EPS (adj)

$1.73

Previous: $1.08+60.2%
Avg Weekly Sales (Company)

$154K

No prior period
Avg Weekly To-Go Sales

$20.1K

No prior period
Restaurant Margin Dollars

$243M

No prior period
Restaurant Margin %

17.0%

No prior period
Net Income

$116M

Previous: $72.4M+59.9%
Operating Income

$139M

Previous: $83.8M+65.4%

Revenue & EPS history

Texas Roadhouse · Revenue · Quarterly

$1.44B

Q4 2024+23.5%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Texas Roadhouse expects continued sales growth in 2025, supported by menu price increases and new store openings. However, inflationary pressures on labor and commodity costs remain key concerns.

Tailwinds

  • Projected positive comparable restaurant sales growth.
  • Planned menu price increase of 1.4% in early April.
  • Store week growth of approximately 5%.
  • Expansion with the opening of the 800th restaurant in 2025.
  • New $500 million stock repurchase authorization.

Headwinds

  • Expected commodity cost inflation of 3% to 4%.
  • Wage and other labor inflation expected at 4% to 5%.
  • Higher depreciation and administrative costs may impact margins.
  • Economic uncertainties could affect discretionary spending.
  • Increased capital expenditures of approximately $400 million.

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 Q4 2024

Historical avgQ4 2024

+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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