Rising commodity costs take a bite out of Texas Roadhouse profits

A Heard on the Call report following first quarter earnings

Commodity inflation ate into first-quarter earnings at Texas Roadhouse, causing a 9-percent increase in total revenue to turn into a gain of 3 percent in net income and flat earnings per share.

Despite having to lower earnings expectations for 2011, chain officials said higher-than-expected food costs could be mitigated by continuing the brand’s conservative store growth approach, moderate price increases and efforts to shift the menu mix.

“We are very pleased with y

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