$TXRH (-0,49%) Texas Roadhouse reported earnings
Q4 FY2024 results ended on December 31, 2024
- Total revenue: $1.44B, +23.5% YoY
- Net income: $115.8M, +59.9% YoY
- Diluted EPS: $1.73, +60.1% YoY
CEO Jerry Morgan: "We ended 2024 on an incredible note, which was highlighted by fourth quarter and full-year traffic growth at all three of our brands. These results are a credit to our operators who continue to create an environment where Roadies want to work, and guests want to dine."
🌱Revenue & Growth
- Restaurant and other sales: $1.43B, +23.5% YoY
- Comparable restaurant sales: +7.7% at company restaurants
- Average weekly sales: $153,867 vs $141,653 last year
- To-go sales: $20,067 per week vs $17,793 last year
- Franchise royalties and fees: $9.1M, +30.5% YoY
💰Profits & Financials
- Restaurant margin: 17.0% vs 15.3% last year
- Income from operations: $138.6M, +65.4% YoY
- Operating margin: 9.6% vs 7.2% last year
- Cash and equivalents: $245.2M vs $104.2M last year
📌Business Highlights
- Opened 9 company restaurants and 5 franchise restaurants
- Completed acquisition of 13 franchise restaurants for $78M in early 2025
- Board approved quarterly dividend increase of 11% to $0.68 per share
- Authorized new $500M stock repurchase program
🔮Future Outlook
- Comparable restaurant sales: +2.9% in first 7 weeks of Q1 2025
- Planning 1.4% menu price increase in early April
- Expecting 5% store week growth in 2025
- Projecting commodity cost inflation of 3-4%
- Targeting $400M in capital expenditures for 2025
