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Sep 27, 2022
Texas Roadhouse Q3 2022 Earnings Report
Texas Roadhouse announced profitable quarter with focus on guest experience and value proposition.
Key Takeaways
Texas Roadhouse reported a profitable third quarter, driven by a focus on guest experience and value proposition amidst inflationary pressures. The company plans to expand with systemwide store growth across all three brands and franchise acquisitions.
Company announced another profitable quarter.
Operators are focused on providing a legendary guest experience.
Company is well positioned to continue to grow both top and bottom lines.
Company expects to see systemwide store growth for all three brands in 2023.
Texas Roadhouse
Texas Roadhouse
Forward Guidance
Management provided initial expectations for 2023, including systemwide store growth for all three brands, planned franchise acquisitions, and a disciplined approach to capital allocation.