Texas Roadhouse, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 26, 2023
February 15, 2024 at 04:04 pm EST
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Texas Roadhouse, Inc. reported earnings results for the fourth quarter and full year ended December 26, 2023. For the fourth quarter, the company reported revenue was USD 1,164.36 million compared to USD 1,009.53 million a year ago. Net income was USD 72.43 million compared to USD 59.87 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 1.08 compared to USD 0.89 a year ago.
For the full year, revenue was USD 4,631.67 million compared to USD 4,014.92 million a year ago. Net income was USD 304.88 million compared to USD 269.82 million a year ago. Basic earnings per share from continuing operations was USD 4.56 compared to USD 3.99 a year ago. Diluted earnings per share from continuing operations was USD 4.54 compared to USD 3.97 a year ago.
Texas Roadhouse, Inc. is a restaurant company, which operates predominately in the casual dining segment. The Company maintains three restaurant concepts operating as Texas Roadhouse, Bubbaâs 33 and Jaggers. Its Texas Roadhouse is a full-service, casual dining restaurant concept offering an assortment of specially seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Its Bubbaâs 33 is a full-service, casual dining restaurant concept featuring scratch-made food for all with a little rock 'n' roll, ice-cold beer, and signature drinks. Its Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken tenders and chicken sandwiches served with scratch-made sauces. Bubbaâs 33 restaurant consists of a freestanding building with approximately 7,600 square feet with seating for approximately 270 to 330 guests. It operates approximately 582 Texas Roadhouse restaurants, 45 as Bubbaâs 33 restaurants and eight as Jaggers restaurants.