Texas Roadhouse (TXRH - Free Report) reported $1.16 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.3%. EPS of $1.08 for the same period compares to $0.89 a year ago.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +0.93%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Texas Roadhouse performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable restaurant sales growth - Company restaurants: 9.9% versus the nine-analyst average estimate of 8.5%.
- Restaurants at the end - Total: 741 versus the seven-analyst average estimate of 738.
- Restaurants at the end - Franchise - Total: 106 versus 102 estimated by seven analysts on average.
- Comparable restaurant sales growth - U.S. Franchise-owned restaurants: 8.9% compared to the 7.3% average estimate based on seven analysts.
- Restaurants at the end - Company - Total: 635 compared to the 635 average estimate based on five analysts.
- Restaurants at the end - Company - Texas Roadhouse: 582 versus 581 estimated by five analysts on average.
- Store weeks - Franchise restaurants: 1,310 versus 1,303 estimated by four analysts on average.
- Store weeks - Company restaurants: 8,158 compared to the 8,192 average estimate based on four analysts.
- Average unit volumes - Company restaurants - Texas Roadhouse: $1,888 versus $1,938.70 estimated by four analysts on average.
- Number of restaurants opened - Company: 12 versus the four-analyst average estimate of 11.
- Revenue- Franchise royalties and fees: $7 million versus the 10-analyst average estimate of $7.17 million. The reported number represents a year-over-year change of +3.4%.
- Revenue- Restaurant and other sales: $1.16 billion compared to the $1.16 billion average estimate based on 10 analysts. The reported number represents a change of +15.4% year over year.
View all Key Company Metrics for Texas Roadhouse here>>>Shares of Texas Roadhouse have returned +12% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Texas Roadhouse (TXRH - Free Report) reported $1.16 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.3%. EPS of $1.08 for the same period compares to $0.89 a year ago.
The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +0.93%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Texas Roadhouse performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable restaurant sales growth - Company restaurants: 9.9% versus the nine-analyst average estimate of 8.5%.
- Restaurants at the end - Total: 741 versus the seven-analyst average estimate of 738.
- Restaurants at the end - Franchise - Total: 106 versus 102 estimated by seven analysts on average.
- Comparable restaurant sales growth - U.S. Franchise-owned restaurants: 8.9% compared to the 7.3% average estimate based on seven analysts.
- Restaurants at the end - Company - Total: 635 compared to the 635 average estimate based on five analysts.
- Restaurants at the end - Company - Texas Roadhouse: 582 versus 581 estimated by five analysts on average.
- Store weeks - Franchise restaurants: 1,310 versus 1,303 estimated by four analysts on average.
- Store weeks - Company restaurants: 8,158 compared to the 8,192 average estimate based on four analysts.
- Average unit volumes - Company restaurants - Texas Roadhouse: $1,888 versus $1,938.70 estimated by four analysts on average.
- Number of restaurants opened - Company: 12 versus the four-analyst average estimate of 11.
- Revenue- Franchise royalties and fees: $7 million versus the 10-analyst average estimate of $7.17 million. The reported number represents a year-over-year change of +3.4%.
- Revenue- Restaurant and other sales: $1.16 billion compared to the $1.16 billion average estimate based on 10 analysts. The reported number represents a change of +15.4% year over year.
View all Key Company Metrics for Texas Roadhouse here>>>Shares of Texas Roadhouse have returned +12% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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