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Texas Roadhouse (TXRH) Reports Q3: Everything You Need To Know Ahead Of Earnings
Texas Roadhouse (TXRH) is set to report its third-quarter earnings on Tuesday, November 8th, before the market opens.
The company is expected to report earnings per share (EPS) of $0.64 on revenue of $908.52 million.
This would represent a decrease in EPS of 1.5% and an increase in revenue of 4.2% year-over-year.
Texas Roadhouse has beaten EPS estimates in each of the past four quarters.
The company has also beaten revenue estimates in three of the past four quarters.
Analysts are expecting Texas Roadhouse to report strong growth in both revenue and earnings in the third quarter.
This growth is expected to be driven by increased traffic and higher average check sizes.
Texas Roadhouse has been benefiting from the rising popularity of casual dining restaurants.
The company has also been successful in attracting new customers with its value-priced menu.
However, Texas Roadhouse is facing some challenges, including rising food costs and labor expenses.
The company is also facing increased competition from other casual dining restaurants.
Despite these challenges, analysts are still bullish on Texas Roadhouse.
The company is expected to continue to grow its revenue and earnings in the coming years.
Here are some key things to watch for in Texas Roadhouse's third-quarter earnings report:
- Revenue growth
- Earnings per share (EPS)
- Comparable sales growth
- New restaurant openings
- Guidance for the fourth quarter
Investors will also be interested in hearing what Texas Roadhouse has to say about the impact of rising food costs and labor expenses.
The company may also provide an update on its plans for new restaurant openings.