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Mar 30, 2021
Texas Roadhouse Q1 2021 Earnings Report
Texas Roadhouse announced first quarter 2021 results and reinstated quarterly dividend.
Key Takeaways
Texas Roadhouse reported strong operating results exceeding pre-pandemic levels, driven by eased dining room restrictions, guest enthusiasm, and To-Go sales strength. The company's financial position has strengthened, leading to the reinstatement of the quarterly dividend.
Comparable restaurant sales were positively impacted by the re-opening of dining rooms and strong To-Go sales.
The Company continues to operate under various capacity restrictions in the dining rooms along with enhanced To-Go.
Cash on hand position increased $132.5 million due to increased sales performance and working capital inflows, partially offset by cash used for capital expenditures.
The Board of Directors reinstated the payment of a quarterly cash dividend of $0.40 per share of common stock.
Forward Guidance
Management updated and reiterated expectations for 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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