Texas Roadhouse to slow expansion plans

LOUISVILLE Ky. Shares in Texas Roadhouse Inc. fell to an all-time low Tuesday, a day after the company reported an 18-percent decline in third quarter profit and said it would slash plans for new company stores next year.

 

For the quarter ended Sept. 23, Texas Roadhouse posted net income of $8.6 million, or 12 cents per share, which was down from earnings of $10.5 million, or 14 cents per share, in the same quarter a year ago.

 

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