Texas Roadhouse Inc

Latest Results (27.03.2026):

Texas Roadhouse, Inc. reported results for the fourth quarter of fiscal 2025 (quarter ended December 30, 2025): comparable sales and revenue grew, but margins and earnings declined versus the prior-year period (which included an extra week), and management raised the quarterly dividend to $0.75 per share.

Revenue

Total revenue for Q4 2025 was $1.482 billion, up 3.1% versus Q4 2024; full-year 2025 revenue was $5.878 billion, up 9.4% year-over-year.

Net income & EPS

Q4 net income attributable to Texas Roadhouse was $84.6 million and diluted EPS was $1.28, down 26.9% and 26.1% respectively versus Q4 2024. Fiscal 2025 net income was $405.6 million with diluted EPS of $6.10, down 6.5% and 5.8% versus 2024. Management noted the prior-year periods included an extra week that negatively impacted EPS growth (~12% for Q4 and ~4% for the full year).

Comparable sales & weekly checks

Comparable restaurant sales at company restaurants increased 4.2% in Q4 and 4.9% for the full year. Average weekly sales at company restaurants were $160,021 in Q4 (including $22,099 in to‑go sales) versus $153,867 the prior year.

Margins & cost pressure

Restaurant margin dollars fell to $204.8 million in Q4 (down 15.6%) and restaurant margin declined to 13.9% of restaurant sales (down 309 bps) due to commodity inflation (9.5% in Q4) and wage/labor inflation (2.9% in Q4). Fiscal-year restaurant margin was $905.7 million (15.5% of sales, down 165 bps) with commodity inflation ~6.1% and wage inflation ~3.7% for the year.

Capital allocation

Q4 capital spend included $89.2 million of capex, $13.3 million for franchise acquisitions, $44.9 million in dividends and $50.0 million of share repurchases. For the full year, capex was $388.0 million, franchise acquisitions $107.5 million, dividends $180.3 million and buybacks $150.0 million.

Restaurant growth & acquisitions

In Q4 the company opened nine company restaurants and one franchise restaurant; for the year it opened 28 company and four franchise restaurants. On the first day of fiscal 2026 the company closed acquisitions of five domestic franchise restaurants for about $72 million.

Balance sheet / cash flow

Cash and cash equivalents were $134.7 million at 12/30/2025 (down from $245.2 million a year earlier). Operating cash flow for fiscal 2025 was $730.1 million; investing and financing used cash for growth, acquisitions, dividends and buybacks.

2026 outlook & dividend

Management reported positive comparable sales through the first seven weeks of Q1 2026 (+8.2%), plans a ~1.9% menu price increase in early April, and reaffirmed 2026 expectations including ~7% commodity inflation, 3–4% wage inflation, 5–6% store-week growth (including franchise acquisitions) and roughly $400 million of total capex. The Board approved a quarterly cash dividend of $0.75 per share payable March 31, 2026.