Texas Roadhouse cuts full-year targets

Texas Roadhouse cuts full-year targets

While Texas Roadhouse’s sales remained strong in the second quarter, margin pressures prompted company executives to moderate the brand’s earnings growth expectations to 5 percent for the full year, down from a range between 5 percent and 10 percent stated earlier.

The 350-unit casual-dining chain’s same-store sales rose 4.4 percent in the period, comprising a 3.1-percent lift in traffic and a 1.3-percent uptick in the average check.

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