We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Texas Roadhouse (TXRH) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Texas Roadhouse (TXRH - Free Report) reported $1.17 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 14.3%. EPS of $1.22 for the same period compares to $1.07 a year ago.
The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $1.21, the EPS surprise was +0.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 9.1% versus the six-analyst average estimate of 8.37%.
Comparable restaurant sales growth - U.S. Franchise-owned restaurants: 9.2% versus the five-analyst average estimate of 6.6%.
Restaurants at the end - Total: 709 versus the five-analyst average estimate of 711.
Average unit volumes - Company restaurants - Texas Roadhouse: $1,946 compared to the $1,948.33 average estimate based on four analysts.
Restaurants at the end - Franchise - Total: 95 versus the four-analyst average estimate of 94.75.
Restaurants at the end - Company - Total: 709 versus the three-analyst average estimate of 616.67.
Average unit volumes - Franchise restaurants: $2,129 compared to the $1,956.76 average estimate based on three analysts.
Restaurants at the end - Company - Texas Roadhouse: 566 versus 568.33 estimated by three analysts on average.
Number of restaurants opened - Company: 6 versus the two-analyst average estimate of 5.5.
Store weeks - Company restaurants: 7960 versus 7991.75 estimated by two analysts on average.
Revenue- Franchise royalties and fees: $6.82 million versus $7.01 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Revenue- Restaurant and other sales: $1.16 billion versus the 10-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +14.4%.
Shares of Texas Roadhouse have returned +2.3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Texas Roadhouse (TXRH) Q2 Earnings: A Look at Key Metrics
Texas Roadhouse (TXRH - Free Report) reported $1.17 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 14.3%. EPS of $1.22 for the same period compares to $1.07 a year ago.
The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $1.21, the EPS surprise was +0.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 9.1% versus the six-analyst average estimate of 8.37%.
- Comparable restaurant sales growth - U.S. Franchise-owned restaurants: 9.2% versus the five-analyst average estimate of 6.6%.
- Restaurants at the end - Total: 709 versus the five-analyst average estimate of 711.
- Average unit volumes - Company restaurants - Texas Roadhouse: $1,946 compared to the $1,948.33 average estimate based on four analysts.
- Restaurants at the end - Franchise - Total: 95 versus the four-analyst average estimate of 94.75.
- Restaurants at the end - Company - Total: 709 versus the three-analyst average estimate of 616.67.
- Average unit volumes - Franchise restaurants: $2,129 compared to the $1,956.76 average estimate based on three analysts.
- Restaurants at the end - Company - Texas Roadhouse: 566 versus 568.33 estimated by three analysts on average.
- Number of restaurants opened - Company: 6 versus the two-analyst average estimate of 5.5.
- Store weeks - Company restaurants: 7960 versus 7991.75 estimated by two analysts on average.
- Revenue- Franchise royalties and fees: $6.82 million versus $7.01 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
- Revenue- Restaurant and other sales: $1.16 billion versus the 10-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +14.4%.
View all Key Company Metrics for Texas Roadhouse here>>>Shares of Texas Roadhouse have returned +2.3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.