Texas Roadhouse Q3 2020 Earnings Report
Key Takeaways
Texas Roadhouse announced its third quarter results, noting the positive impact of easing dining room capacity restrictions and strong To-Go sales. The company expects to open at least 20 company restaurants in 2020 and is launching the Texas Roadhouse Butcher Shop online platform.
Comparable restaurant sales were positively impacted by easing dining room capacity restrictions.
Operators continue to drive traffic through strong To-Go sales and outdoor dining.
The company expects to open at least 20 company restaurants in 2020.
Cash on hand position increased approximately $46.1 million due to increased sales performance and working capital inflows.
Texas Roadhouse
Texas Roadhouse
Forward Guidance
Based on improved cashflow at company restaurants, the Company is providing expectations for 2020.