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Dec 29, 2020
Texas Roadhouse Q4 2020 Earnings Report
Texas Roadhouse reported financial results for Q4 2020, which included 13 weeks compared to 14 weeks in Q4 2019, and provided a business update in response to the continued COVID-19 pandemic.
Key Takeaways
Texas Roadhouse faced challenges in Q4 2020 due to the COVID-19 pandemic, with comparable restaurant sales impacted by dining room closures. However, the company adapted by enhancing To-Go options and managing capacity restrictions. The cash position increased by approximately $34.5 million and the company acquired two franchise locations for $10.6 million.
Comparable restaurant sales were impacted by dining room closures due to COVID-19 restrictions.
The company enhanced To-Go options, including curbside and drive-up, to adapt to the pandemic.
Cash on hand increased by approximately $34.5 million due to operating cashflows and working capital inflows.
The company acquired two franchise locations for a total purchase price of $10.6 million.