Texas Roadhouse Reports 14.3% Increase in Revenue for Q2 of Fiscal Year 2023
August 27, 2023
☀️Earnings Overview
On July 27 2023, TEXAS ROADHOUSE ($NASDAQ:TXRH) reported an increase of 14.3% in total revenue for the second quarter of fiscal year 2023 compared to the same period in the prior year, with total revenue reaching USD 1171.2 million. Net income was reported to be USD 82.3 million, 13.6% higher than the same period in the prior year.
Analysis
GoodWhale has conducted an analysis of TEXAS ROADHOUSE‘s wellbeing and based on the Star Chart classification of them as a ‘gorilla’ company, which typically indicates stable and high revenue or earning growth due to its strong competitive advantage. This type of company may be an attractive investment for growth investors who are looking for a long-term investment with the potential for high returns. TEXAS ROADHOUSE also scored very well on its health score, with 8/10 for its cashflows and debt. This indicates that the company is capable to ride out any crisis without the risk of bankruptcy. Additionally, TEXAS ROADHOUSE has a strong performance in dividends, growth, and medium performance in asset and profitability. With these strong fundamentals in place, TEXAS ROADHOUSE is an attractive option for investors who are looking for a long-term investment with the potential for high returns. More…
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% |
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 Inc. reported its second quarter results for fiscal year 2023 with total revenue of USD 1171.2 million, representing an increase of 14.3% year-on-year. Net income also rose 13.6% to USD 82.3 million. These results represent a positive outlook for potential investors interested in the company.
The increased revenue and net income demonstrate Texas Roadhouse’s ability to effectively manage their expenses and capitalize on market opportunities. For those looking to invest, it is important to consider the overall industry conditions and the competitive landscape when making an investment decision.
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