Texas Roadhouse restaurant

Texas Roadhouse 1Q sales rise as food costs fall

Same-store sales rise 4.6 percent at company-owned restaurants

Texas Roadhouse Inc. said Monday that same-store sales increased 4.6 percent at company-owned restaurants in the first quarter ended March 29.

At the same time, Texas Roadhouse said that restaurant margins as a percent of sales increased 116 basis points in the period, to 20.1 percent, due to lower food costs, especially for beef.

That drove earnings higher. Net income in the quarter increased 10 percent, to $35.6 million, or 50 cents per share, from $32.3 million, or 46 c

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