Texas Roadhouse, Inc. (NASDAQ:TXRH ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Michael Bailen - Head, Investor Relations Jerry Morgan - Chief Executive Officer Chris Monroe - Chief Financial Officer Conference Call Participants Katherine Griffin - Bank of America Jake Bartlett - Truist Securities Brian Bittner - Oppenheimer Eric Gonzalez - KeyBanc Jim Salera - Stephens Brian Harbour - Morgan Stanley Dennis Geiger - UBS David Tarantino - Baird Peter Saleh - BTIG Jeffrey Bernstein - Barclays Lauren Silberman - Deutsche Bank Jeff Farmer - Gordon Haskett Jon Tower - Citi David Palmer - Evercore ISI Chris O'Cull - Stifel Andrew Strelzik - BMO Capital Rahul Krotthapalli - JPMorgan Brian Vaccaro - Raymond James Gregory Francfort - Guggenheim Securities Jim Sanderson - Northcoast Research Operator Good evening, and welcome to the Texas Roadhouse Third Quarter Earnings Conference Call. Today's call is being recorded.
The headline numbers for Texas Roadhouse (TXRH) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Texas Roadhouse (TXRH) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $0.95 per share a year ago.
TXRH's third-quarter 2024 results are likely to have been aided by strategic menu pricing, efficient cost management, new store openings and operational improvements.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Texas Roadhouse (TXRH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Texas Roadhouse (TXRH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Texas Roadhouse (TXRH) could produce exceptional returns because of its solid growth attributes.
Texas Roadhouse is near its all time high as it tries to break out at 177.72. Steady growth in sales and earnings have lifted the stock 46% year to date.
Texas Roadhouse (TXRH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Texas Roadhouse emerges as the clear winner in the 'Battle of the Steakhouses,' maintaining traffic growth above 4% year-over-year and strong comparable sales. Both Texas Roadhouse and LongHorn Steakhouse outperform competitors without resorting to value promotions, showcasing their strong perceived value and strategic advantages. Despite industry challenges, Texas Roadhouse continues to report robust comparable sales and traffic growth, positioning it as a resilient investment in a slow trading environment.
Texas Roadhouse (TXRH) could produce exceptional returns because of its solid growth attributes.
Does Texas Roadhouse (TXRH) have what it takes to be a top stock pick for momentum investors? Let's find out.