Texas Roadhouse (TXRH) Misses Q4 EPS by 9c

Texas Roadhouse (NASDAQ: TXRH) reported Q4 EPS of $0.29, $0.09 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $484.71 million versus the consensus estimate of $497.51 million.

Comparable restaurant sales growth of 1.2% at company restaurants, including a negative impact of approximately 0.5% related to the calendar shift of the Christmas holiday, and 2.0% at domestic franchise restaurants.

2017 Outlook

• Comparable restaurant sales at company restaurants for the first 55 days of our first quarter of fiscal 2017 increased approximately 1.5% compared to the prior year period.
• Management updated the following expectations for 2017:
• Approximately 30 company restaurant openings, including approximately six Bubba’s 33 restaurants;
• Food cost deflation of approximately 1.0% to 2.0% compared to previous guidance of low-single digit food cost deflation; and
• An income tax rate of 29.0% to 30.0% compared to previous guidance of 30.0% to 31.0%.

For earnings history and earnings-related data on Texas Roadhouse (TXRH) click here.

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