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Texas Roadhouse, Inc. (TXRH) SEC Filing 10-K Annual Report for the fiscal year ending Tuesday, December 26, 2023

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Texas Roadhouse, Inc.

HISTORY TOOLS
CIK: 1289460 Ticker: TXRH

Exhibit 99.1

Graphic

Texas Roadhouse, Inc. Announces Fourth Quarter 2023 Results

Increases Quarterly Dividend 11% to $0.61 per Share

LOUISVILLE, KY. (February 15, 2024)

 – Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 52 weeks ended December 26, 2023.

Financial Results

Financial results for the 13 and 52 weeks ended December 26, 2023 and December 27, 2022 were as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

13 Weeks Ended

​

52 Weeks Ended

 

($000's)

​

December 26, 2023

​

December 27, 2022

​

% change

    

December 26, 2023

​

December 27, 2022

​

% change

 

Total revenue

​

$

1,164,361

​

$

1,009,529

​

15.3

%  

$

4,631,672

​

$

4,014,919

​

15.4

%

Income from operations

​

 

83,773

​

 

68,853

​

21.7

%  

 

353,989

​

 

320,197

​

10.6

%

Net income

​

 

72,430

​

 

59,869

​

21.0

%  

 

304,876

​

 

269,818

​

13.0

%

Diluted earnings per share

​

$

1.08

​

$

0.89

​

21.3

%  

$

4.54

​

$

3.97

​

14.3

%

​

Results for the 13 weeks ended December 26, 2023, as compared to the prior year as applicable, included the following:

●Comparable restaurant sales increased 9.9% at company restaurants and increased 8.9% at domestic franchise restaurants;
●Average weekly sales at company restaurants were $141,653 of which $17,793 were to-go sales as compared to average weekly sales of $130,176 of which $16,414 were to-go sales in the prior year;
●Restaurant margin dollars increased 21.4% to $176.7 million from $145.6 million in the prior year primarily due to higher sales.  Restaurant margin, as a percentage of restaurant and other sales, increased 75 basis points to 15.3% driven by higher sales partially offset by commodity inflation of 3.2%, wage and other labor inflation of 5.5% and higher general liability insurance expense;
●Diluted earnings per share increased 21.3% primarily driven by higher restaurant margin dollars partially offset by higher general and administrative expenses and higher depreciation and amortization expenses;
●12 company restaurants and seven franchise restaurants were opened; and
●The Company repurchased 40,707 shares of common stock for $4.8 million.
The following information was filed by Texas Roadhouse, Inc. (TXRH) on Thursday, February 15, 2024 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Texas Roadhouse, Inc.'s management team is paid from their Annual Proxy

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Texas Roadhouse, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2024 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Texas Roadhouse, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Income
Condensed Consolidated Statements Of Stockholders' Equity
Condensed Consolidated Statements Of Stockholders' Equity (Parenthetical)
Consolidated Statements Of Income And Comprehensive Income (Parenthetical)
Acquisitions
Acquisitions (Details)
Acquisitions (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Description Of Business
Description Of Business (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Assets (Details)
Fair Value Measurement - Financial Assets And Liabilities (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Details)
Goodwill And Intangible Assets (Tables)
Impairment And Closure Costs
Impairment And Closure Costs (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes (Unrecognized) (Details)
Income Taxes, Deferred Tax Assets (Liabilities) (Details)
Insider Trading Arrangements
Leases
Leases (Details)
Leases (Tables)
Leases - Real Estate Costs (Details)
Leases - Real Estate Lease Liability Maturity Analysis (Details)
Leases - Real Estate Leases Other Information (Details)
Long-Term Debt
Long-Term Debt (Details)
Preferred Stock
Preferred Stock (Details)
Property And Equipment, Net
Property And Equipment, Net (Details)
Property And Equipment, Net (Tables)
Related Party Transactions
Related Party Transactions (Details)
Revenue
Revenue (Details)
Revenue (Tables)
Revenue - Other (Details)
Revenue - Roll Forward Of Deferred Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - Consolidated (Details)
Segment Information - Segment Assets Reconciliation (Details)
Share-Based Compensation
Share-Based Compensation (Details)
Share-Based Compensation (Tables)
Share-Based Compensation - Psu (Details)
Share-Based Compensation, Rsu And Psu (Details)
Stock Repurchase Program
Stock Repurchase Program (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies, Advertising (Details)
Summary Of Significant Accounting Policies, Cloud Computing Arrangements (Details)
Summary Of Significant Accounting Policies, Insurance Reserves (Details)
Summary Of Significant Accounting Policies, Ppe (Details)
Ticker: TXRH
CIK: 1289460
Form Type: 10-K Annual Report
Accession Number: 0001558370-24-001595
Submitted to the SEC: Fri Feb 23 2024 11:25:35 AM EST
Accepted by the SEC: Fri Feb 23 2024
Period: Tuesday, December 26, 2023
Industry: Retail Eating Places

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