Texas Roadhouse 4Q net income rises 23%

Texas Roadhouse 4Q net income rises 23%

Casual-dining chain sees four consecutive years of positive same-store sales

Texas Roadhouse Inc. reported on Monday a 23-percent increase in net income, saying it was a strong finish to 2013. Fiscal 2013 marked the Louisville, Ky.-based casual-dining chain’s fourth consecutive year of positive same-store sales.

On Dec. 31, the company completed the sale of its Aspen Creek concept and two restaurants in a $6 million deal. In exchange, the company received two franchise locations of Texas Roadhouse in Ohio and $1.5 million in cash, for which the

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish