Texas Roadhouse 4Q profit jumps 16%

Texas Roadhouse Inc., owner of the 345-unit casual-dining chain, reported Tuesday a 16-percent increase in fourth-quarter net income, driven by positive sales, guest traffic and new restaurant openings.

For the Dec. 28-ended fourth quarter, Texas Roadhouse booked net income of $10.1 million, or 14 cents per share, a 16-percent increase from earnings of $8.7 million, or 12 cents per share, in the same quarter a year earlier.

Latest-quarter revenue rose 8 percent to $244.6 million

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