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Mar 29, 2022
Texas Roadhouse Q1 2022 Earnings Report
Texas Roadhouse announced financial results for Q1 2022, noting sales increases and share repurchases.
Key Takeaways
Texas Roadhouse reported strong sales levels due to the hard work of its operators, despite higher costs impacting the bottom line. The company remains focused on delivering legendary food and service. They completed the acquisition of seven franchise restaurants and repurchased over one million shares of common stock, demonstrating commitment to shareholders.
Sales levels remain strong due to operator performance.
Higher costs are impacting the bottom line.
Focus remains on providing legendary food and service.
Over one million shares of common stock were repurchased.
Texas Roadhouse
Texas Roadhouse
Forward Guidance
Management reiterated the following expectations for 2022: