Casual dining restaurant operator Texas Roadhouse Inc. NASDAQ: TXRH is an anomaly among dine-in restaurants. It continues to post impressive results, as evidenced by its solid Q2 2024 earnings report.
Texas Roadhouse (TXRH) is well positioned to outperform the market, as it exhibits above-average growth in financials.
People bought less booze at Texas Roadhouse (TXRH) last quarter, and the steakhouse chain thinks that might be the case for a while.
While the top- and bottom-line numbers for Texas Roadhouse (TXRH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Texas Roadhouse, Inc. (NASDAQ:TXRH ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Michael Bailen - Head of Investor Relations Jerry Morgan - Chief Executive Officer Chris Monroe - Chief Financial Officer Conference Call Participants Jake Bartlett - Truist Securities Brian Bittner - Oppenheimer David Tarantino - Baird Brian Harbour - Morgan Stanley Jim Salera - Stephens Elliott Simon - Evercore ISI Lauren Silberman - Deutsche Bank Peter Saleh - BTIG Dennis Geiger - UBS Jeff Farmer - Gordon Haskett Andrew Strelzik - BMO Capital Markets Jon Tower - Citigroup Chris O'Cull - Stifel Gregory Francfort - Guggenheim Securities Logan Reich - RBC Capital Markets Jim Sanderson - Northcoast Research Brian Vaccaro - Raymond James Sara Senatore - Bank of America Operator Good evening, and welcome to the Texas Roadhouse Second Quarter Earnings Conference Call. Today's call is being recorded.
Texas Roadhouse (TXRH) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.22 per share a year ago.
Texas Roadhouse's (TXRH) second-quarter performance is likely to have benefited from store expansions, solid Bubba's 33 and Jaggers performance and strategic menu pricing.
Two high-flying restaurant stocks set to beat on earnings results. These are: TXRH, WING.
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) possesses solid growth attributes, which could help it handily outperform the market.
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 has already seen over 50% stock price appreciation in the past twelve months and has an estimated fair value between $123.71 and $168.51. The company has outperformed other fast casual restaurant chains in terms of stock appreciation and revenue growth over the last decade. Texas Roadhouse has shown high returns on invested capital and equity and should be considered for a long-term investment.