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Sep 28, 2021
Texas Roadhouse Q3 2021 Earnings Report
Texas Roadhouse announced financial results for Q3 2021, noting strong demand and managing through industry challenges.
Key Takeaways
Texas Roadhouse reported strong demand for its brands in Q3 2021, with operators providing a legendary experience to a historic number of guests. The company is managing challenges including higher food costs, supply chain shortages, and a tight labor market. Strong cash flow allowed the company to resume share repurchases, continue dividend payments, open new restaurants, and grow the development pipeline.
Demand for Texas Roadhouse brands has never been stronger.
The company is managing through challenges like higher food costs and supply chain shortages.
Strong cash flow supports share repurchases, dividends, and new restaurant development.
The first franchise development agreement was signed for the Jaggers concept this quarter.
Forward Guidance
Management provided initial expectations for 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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