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Mar 31, 2020
Texas Roadhouse Q1 2020 Earnings Report
Texas Roadhouse announced Q1 2020 financial results and provided a business update in response to the COVID-19 pandemic.
Key Takeaways
Texas Roadhouse faced challenges in Q1 2020 due to the COVID-19 pandemic, transitioning to a To-Go operating model. The company focused on supporting its employees and adapting its business strategy, while also monitoring plans to re-open dining rooms with limited capacity.
All domestic restaurants transitioned to an expanded To-Go operating model during March.
The expanded To-Go program includes curbside and drive-up options.
The company expects weekly cash usage to be approximately $5 million under the current operating model.
The company has re-opened dining rooms in approximately 25 company-owned restaurants under various limited capacity restrictions.
Forward Guidance
Due to the current unprecedented global market and economic conditions, the Company withdrew the financial outlook for the fiscal year ending December 29, 2020. The Company cannot yet reasonably estimate the impact to the business and therefore cannot provide an updated outlook.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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