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Dec 31, 2019
Texas Roadhouse Q4 2019 Earnings Report
Announced fourth quarter 2019 results, including a comparable restaurant sales increase of 4.4% and a 20% increase in the quarterly dividend to $0.36 per share.
Key Takeaways
Texas Roadhouse reported strong Q4 2019 results, featuring double-digit revenue growth and improved restaurant margins. Comparable restaurant sales grew by 4.4%, marking the 40th consecutive quarter of growth. The company also increased its quarterly cash dividend by 20% to $0.36 per share.
Fourth quarter comparable restaurant sales grew 4.4% at company restaurants.
Marked the 40th consecutive quarter of comparable restaurant sales growth.
Increased quarterly cash dividend to $0.36 per share, a 20% increase.
Comparable restaurant sales growth of 6.4% for the first seven weeks of 2020.
Texas Roadhouse
Texas Roadhouse
Forward Guidance
Management provided expectations for 2020, including at least 30 company restaurant openings.