TXRH earnings analysis
What we found in TXRH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Texas Roadhouse, Inc. reported robust Q1 2026 results with revenue reaching $1.63 billion, a 12.8% increase year-over-year, exceeding expectations. Diluted EPS rose 9.6% to $1.87, driven by strong comparable restaurant sales growth of 7.1%, although margins were impacted by commodity inflation.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Q1 2026 revenue increased by $185.5 million, or 12.8%, to $1.63 billion from $1.45 billion in Q1 2025.
- Earnings Per Share Beat
- Diluted EPS for Q1 2026 was $1.87, exceeding estimates of $1.81 and up 9.6% from $1.70 in Q1 2025.
- Strong Comparable Sales
- Comparable restaurant sales grew 7.1% in Q1 2026, up from 3.5% in Q1 2025.
- Increased Restaurant Margins
- Restaurant margin dollars increased by $25.1 million or 10.5% to $264.4 million in Q1 2026.
- New Store Openings
- The company opened 4 new Texas Roadhouse locations, contributing to a 5.7% increase in store weeks.
- Positive Cash Flow
- Net cash provided by operating activities rose to $259.1 million, up from $237.7 million in the prior year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Commodity Cost Inflation
- Commodity costs rose by 6.2%, impacting overall margins.
- Labor Cost Pressures
- Labor costs increased by 3.8% in Q1 2026, affecting profitability despite higher revenues.
- Dependence on New Openings
- Future growth heavily reliant on new store openings and franchise acquisitions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.87
- Segment
- Texas Roadhouse
- Segment
- Bubba's 33
- Segment
- Jaggers
- Segment
- Other
What they said about what is next.
Company expects store week growth of 5% to 6% across all concepts and anticipates capital expenditures of approximately $400 million.
The filing reads better than the one before it.
What came before.
- 10-K · February 27, 2026
- Texas Roadhouse reports a large scaled footprint (816 system-wide restaurants as of December 30, 2025) and generated quarterly revenue of $1,482,000,000 and diluted EPS of $1.28 in Q4 2025, with free cash flow of…
- 10-Q · August 8, 2025
- Texas Roadhouse reported 13-week revenue of $1,512,054 and diluted EPS of $1.86 for the quarter ended July 1, 2025, up from $1,341,202 and $1.79 a year ago. Restaurant sales and franchise revenue both increased; however…
- 10-Q · November 1, 2024
- Texas Roadhouse reported Q3 revenue of $1,272,999 and diluted EPS of $1.26 for the 13 weeks ended September 24, 2024. Revenue and operating income rose materially year-over-year while cash generation strengthened; the…
- 10-K · February 23, 2024
- Texas Roadhouse positions itself as a large, growing casual-dining operator focused on high-quality, made-from-scratch food, strong service and a franchise expansion strategy; as of December 26, 2023 the system…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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