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Jun 29, 2021
Texas Roadhouse Q2 2021 Earnings Report
Texas Roadhouse reported strong Q2 2021 results driven by reopened dining rooms and robust To-Go sales.
Key Takeaways
Texas Roadhouse announced financial results for the second quarter of 2021, showing sales well above pre-pandemic levels. The company reinstated its dividend and repaid short-term debt due to strong cashflows. All domestic company and franchise locations were operating without restriction as of July 2.
Comparable restaurant sales were positively impacted by the re-opening of dining rooms.
Dining room capacity restrictions eased and To-Go sales remained strong.
The company opened 11 company restaurants during the quarter, with 18 additional restaurants under construction.
The company completed the refinancing of the revolving credit facility, increasing borrowing capacity to $300 million.
Texas Roadhouse
Texas Roadhouse
Forward Guidance
Management updated all expectations for 2021.