Texas Roadhouse Q2 2023 Earnings Report

Announced second quarter 2023 results, highlighting sales momentum and strategic development.

Key Takeaways

Texas Roadhouse reported strong second-quarter results driven by significant sales momentum and increased guest counts, which helped offset rising costs and grow the bottom line. The company is focused on expanding with company and franchise locations, including the first franchise location for Jaggers.

Operators generated tremendous sales momentum, including higher guest counts.

Increased quarterly sales helped offset rising costs.

A significant number of company and franchise locations are planned to open in the second half of the year.

The first franchise location for Jaggers opened in Jacksonville, North Carolina.

Total Revenue

$1.17B

Previous year: $1.03B