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Texas Roadhouse (TXRH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Texas Roadhouse (TXRH - Free Report) reported revenue of $1.32 billion, up 12.5% over the same period last year. EPS came in at $1.69, compared to $1.28 in the year-ago quarter.
The reported revenue represents a surprise of -0.12% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.65, the EPS surprise was +2.42%.
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: 8.4% versus the eight-analyst average estimate of 8.2%.
Restaurants at the end - Total: 753 compared to the 751 average estimate based on seven analysts.
Restaurants at the end - Company - Total: 644 versus the six-analyst average estimate of 642.
Number of restaurants opened - Company: 9 versus the five-analyst average estimate of 7.
Comparable restaurant sales growth - U.S. Franchise-owned restaurants: 7.7% versus 6.4% estimated by five analysts on average.
Restaurants at the end - Franchise - Total: 109 compared to the 108 average estimate based on five analysts.
Number of restaurants opened - Franchise: 3 compared to the 3 average estimate based on five analysts.
Store weeks - Franchise restaurants: 1,370 compared to the 1,390 average estimate based on four analysts.
Restaurants at the end - Company - Texas Roadhouse: 591 compared to the 588 average estimate based on four analysts.
Restaurants at the end - Company - Bubba?s 33: 45 compared to the 47 average estimate based on four analysts.
Revenue- Franchise royalties and fees: $7.07 million compared to the $8.35 million average estimate based on nine analysts. The reported number represents a change of +4.3% year over year.
Revenue- Restaurant and other sales: $1.31 billion versus the nine-analyst average estimate of $1.32 billion. The reported number represents a year-over-year change of +12.6%.
Shares of Texas Roadhouse have returned +2.9% over the past month versus the Zacks S&P 500 composite's -4.2% 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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Texas Roadhouse (TXRH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Texas Roadhouse (TXRH - Free Report) reported revenue of $1.32 billion, up 12.5% over the same period last year. EPS came in at $1.69, compared to $1.28 in the year-ago quarter.
The reported revenue represents a surprise of -0.12% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.65, the EPS surprise was +2.42%.
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: 8.4% versus the eight-analyst average estimate of 8.2%.
- Restaurants at the end - Total: 753 compared to the 751 average estimate based on seven analysts.
- Restaurants at the end - Company - Total: 644 versus the six-analyst average estimate of 642.
- Number of restaurants opened - Company: 9 versus the five-analyst average estimate of 7.
- Comparable restaurant sales growth - U.S. Franchise-owned restaurants: 7.7% versus 6.4% estimated by five analysts on average.
- Restaurants at the end - Franchise - Total: 109 compared to the 108 average estimate based on five analysts.
- Number of restaurants opened - Franchise: 3 compared to the 3 average estimate based on five analysts.
- Store weeks - Franchise restaurants: 1,370 compared to the 1,390 average estimate based on four analysts.
- Restaurants at the end - Company - Texas Roadhouse: 591 compared to the 588 average estimate based on four analysts.
- Restaurants at the end - Company - Bubba?s 33: 45 compared to the 47 average estimate based on four analysts.
- Revenue- Franchise royalties and fees: $7.07 million compared to the $8.35 million average estimate based on nine analysts. The reported number represents a change of +4.3% year over year.
- Revenue- Restaurant and other sales: $1.31 billion versus the nine-analyst average estimate of $1.32 billion. The reported number represents a year-over-year change of +12.6%.
View all Key Company Metrics for Texas Roadhouse here>>>Shares of Texas Roadhouse have returned +2.9% over the past month versus the Zacks S&P 500 composite's -4.2% 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.