Texas Roadhouse: 2Q sales rise, profit falls

Texas Roadhouse: 2Q sales rise, profit falls

Higher commodity costs cause margins to narrow

Texas Roadhouse Inc. reported on Monday that net income in its June 25-ended second quarter slipped 1.7 percent while earnings per share remained flat and same-store sales rose. The Louisville, Ky.-based company said restaurant margins as a percentage of sales decreased 47 basis points, to 18.6 percent, primarily because of higher commodity costs.
 

NET INCOME

Result: $19.96 million, or 28 cents per share
% Decrease: 1.7% (from $20.31 million, or 28 cents per share)

REVENUE

Result: $352.1 million
% Increase: 9.9% (from $320.3 million)

SAME-STORE SALES

% Increase: 4.5% at company restaurants; 5.3% at franchise restaurants

Source: Company report



RELATED:
Texas Roadhouse 1Q profit rises 39%
Texas Roadhouse: Beef costs to remain a concern
• Same-store sales at NRN.com

Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

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