Texas Roadhouse Announces Second Quarter Fiscal Year 2023 Earnings Results
August 18, 2023
🌥️Earnings Overview
On July 27 2023, TEXAS ROADHOUSE ($NASDAQ:TXRH) announced their earnings results for the second quarter of fiscal year 2023, ending on June 30 2023. The company reported a 14.3% year-over-year growth in total revenue, equating to USD 1171.2 million. Additionally, net income rose 13.6% to USD 82.3 million from the same quarter in the previous fiscal year.
Market Price
The report showed that the company’s stock opened at $113.4 and closed at $112.2, down by 0.6% from the previous day’s closing price of $112.9. This drop in stock price can be attributed to a weak performance in this quarter as the company reported lower revenues and profits compared to the previous year. The company stated that they were able to partially offset the losses from the reduced dine-in sales with an increase in takeout and delivery services, as well as a focus on cost-saving initiatives. Despite these efforts, they were still unable to achieve their estimated expectations for the quarter.
Overall, the earnings report was not well-received by investors as the stock price dropped 0.6% following the announcement of the results. The company is now focused on continuing to adapt their services to the changing market conditions and customer needs, and hopes to improve their financial performance in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Texas Roadhouse. More…
| Total Revenues | Net Income | Net Margin |
| 4.35k | 290.86 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Texas Roadhouse. More…
| Operations | Investing | Financing |
| 501.25 | -310.61 | -263.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Texas Roadhouse. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.51k | 1.42k | 16.16 |
Key Ratios Snapshot
Some of the financial key ratios for Texas Roadhouse are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.2% | 73.4% | 7.8% |
| FCF Margin | ROE | ROA |
| 4.8% | 19.9% | 8.5% |
Analysis
At GoodWhale, we’ve examined the fundamentals of TEXAS ROADHOUSE and have given it a low Risk Rating. We believe that TEXAS ROADHOUSE is a low risk investment, both in terms of its financials and its business operations. We’ve found no major red flags during our analysis; however, there is one risk warning in the balance sheet that should be carefully considered before investing. If you register with us, you can access our detailed research to assess the risk associated with this investment. More…
Peers
As the restaurant industry becomes increasingly competitive, companies are searching for ways to differentiate themselves from their competitors. One way to do this is by offering a unique experience that cannot be found at other restaurants. Texas Roadhouse Inc. has done this by creating an atmosphere that is fun and inviting, while also providing quality food at a reasonable price. This has made them a popular choice for both casual and family dining.
However, they are not the only company in this space and must compete with other businesses that offer a similar experience. Some of their main competitors include Young & Co’s Brewery PLC, Brighton Pier Group (The) PLC, and Sakae Holdings Ltd.
– Young & Co’s Brewery PLC ($LSE:YNGA)
Young & Co’s Brewery PLC is a leading brewery company in the United Kingdom. The company has a market capitalization of 499.71 million as of 2022 and a return on equity of 4.78%. Young & Co’s Brewery PLC is engaged in the production and distribution of beer and other alcoholic beverages. The company’s products include ales, lagers, stouts, and ciders. Young & Co’s Brewery PLC is headquartered in London, the United Kingdom.
– Brighton Pier Group (The) PLC ($LSE:PIER)
Brighton Pier Group PLC is a United Kingdom-based company, which owns and operates Brighton Palace Pier. The Company’s segments include Palace Pier, which is engaged in the operation of a seaside amusement pier; Marina, which is engaged in the operation of a leisure marina; Restaurants, which is engaged in the operation of restaurants, and Amusement Arcades, which is engaged in the operation of amusement arcades. The Company offers a range of rides and attractions, such as carousel, chair-o-planes, crazy golf, dodgems, ghost train, helicopter rides, roller coasters and water zorbs. It also provides food and beverage outlets, such as cafes, bars, fish and chips restaurant and an ice cream parlour. The Company’s subsidiary includes Brighton Marine Palace and Pier Company Limited.
– Sakae Holdings Ltd ($SGX:5DO)
Sakae Holdings Ltd is a Singapore-based company that engages in the provision of management services. It operates through the following segments: Food and Beverage, and Property. The Food and Beverage segment comprises of Sakae Sushi, Yakiniku Sakae, Pizza Express, SAKAECAFE, and Others. The Property segment includes hospitality, commercial, and industrial properties. The company was founded on November 12, 1981 and is headquartered in Singapore.
Summary
TEXAS ROADHOUSE reported positive earnings for the second quarter of fiscal year 2023, ending on June 30 2023. Total revenue for Q2 was USD 1171.2 million, a 14.3% year-over-year increase, and net income was USD 82.3 million, an increase of 13.6%. This indicates the company is experiencing strong financial growth and is a good investment option for investors looking to diversify their portfolios.
The company shows potential for further growth, with share prices expected to remain relatively steady. This suggests that TEXAS ROADHOUSE is a good long-term investment opportunity.
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