Texas Roadhouse, Inc. (TXRH) SEC Filings & Earnings Calls
EquiReason read 13 Texas Roadhouse, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-08-07 — Texas Roadhouse reported Q2 2026 revenue up 11.1% but net income down 1.7% due to margin compression from commodity and wage inflation..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 10.9B
- P/E TTM
- 26.5
- Dividend yield
- 1.7%
- 52-week
- —
- Next earnings
- 5 Nov, in 12 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
7 Aug 202610-QTexas Roadhouse reported Q2 2026 revenue up 11.1% but net income down 1.7% due to margin compression from commodity and wage inflation.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $1.68B | +11% y/y |
| Net income attributable to Texas Roadhouse, Inc. · Q2-2026 | $122M | -2% y/y |
| Comparable restaurant sales · Q2-2026 | 6.2% | |
| Restaurant margin (as a percentage of restaurant and other sales) · Q2-2026 | 16.4% | |
| Restaurant margin dollars · Q2-2026 | $275M | +7% y/y |
| Diluted earnings per share · Q2-2026 | $1.85 | -1% y/y |
| Cash provided by operating activities · H1-2026 | $439M | +20% y/y |
| Capital expenditures · H1-2026 | $179M | +5% y/y |
| Store weeks · Q2-2026 | 9,457 | +5% y/y |
| Company restaurants · Q2-2026 | 732 | +5% y/y |
Guidance
store week growth 5-6%, commodity inflation ~5%, wage inflation 3-4%, capex ~$400M, effective tax rate ~14%
Management reaffirmed FY2026 guidance with store week growth of 5-6%, commodity inflation ~5%, wage inflation 3-4%, and capex ~$400M.
Risks flagged
Commodity inflation pressure
“commodity inflation of 7.0% in Q2 2026 ... due to higher beef costs” · word for word
Wage inflation pressure
“wage and other labor inflation of 3.9% in both Q2 2026 and 2026 YTD” · word for word
6 Aug 20268-K · 2.02, 8.01Texas Roadhouse Q2 2026 earnings: revenue $1.68B (+11.1% YoY), net income $121.9M (-1.7% YoY), diluted EPS $1.85 (-0.7% YoY). Comparable restaurant sales +6.2%. Declared quarterly dividend $0.75/share.open
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $1.68B | +11% y/y |
| Net income · Q2-2026 | $122M | -2% y/y |
| Diluted earnings per share · Q2-2026 | $1.85 | -1% y/y |
| Income from operations · Q2-2026 | $143M | -2% y/y |
| Comparable restaurant sales · Q2-2026 | 6.2% | |
| Average weekly sales · Q2-2026 | $177252.00 | |
| Restaurant margin dollars · Q2-2026 | $275M | +7% y/y |
| Restaurant margin % · Q2-2026 | 16.4% | |
| Commodity inflation · Q2-2026 | 7.0% | |
| Wage and other labor inflation · Q2-2026 | 3.9% |
Risks flagged
Commodity and labor inflation pressuring margins
“Commodity inflation of 7.0% and wage and other labor inflation of 3.9% partially offset by higher sales; restaurant margin down 66 bps”
Net income decline despite revenue growth
“Net income decreased 1.7% YoY to $121.9M, driven by higher G&A and depreciation expenses”
8 May 202610-QTotal revenue $1.63B (+13% y/y); Net income attributable to Texas Roadhouse, Inc. $123M (+9% y/y); Comparable restaurant sales 7.1; Guidance: store week growth 5-6%, commodity inflation 6-7%, wage inflation 3-4%, capex ~$400M, effective taxopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $1.63B | +13% y/y |
| Net income attributable to Texas Roadhouse, Inc. · Q1-2026 | $123M | +9% y/y |
| Comparable restaurant sales · company restaurants · Q1-2026 | 7.1% | |
| Restaurant margin · Q1-2026 | 16.3% | |
| Restaurant margin dollars · Q1-2026 | $264M | +11% y/y |
| Diluted earnings per share · Q1-2026 | $1.87 | +10% y/y |
| Capital expenditures · Q1-2026 | $80M | +4% y/y |
| Store weeks · company restaurants · Q1-2026 | 9,376 | +6% y/y |
| Average unit volume (Texas Roadhouse) · Texas Roadhouse · Q1-2026 | $2M | +7% y/y |
| Commodity inflation · Q1-2026 | 6.2% |
Guidance
store week growth 5-6%, commodity inflation 6-7%, wage inflation 3-4%, capex ~$400M, effective tax rate 14-15%
Management reaffirmed FY2026 guidance with store week growth 5-6%, commodity inflation 6-7%, wage inflation 3-4%, capex ~$400M, and effective tax rate 14-15%.
Risks flagged
Commodity inflation pressure on margins
“commodity inflation of 6.2% in Q1 2026, due to higher beef costs” · word for word
Wage inflation pressure
“wage and other labor inflation of 3.8% in Q1 2026” · word for word
7 May 20268-K · 2.02, 8.01Quarterly cash dividend of $0.75 per share declared on May 6, 2026, payable June 30, 2026 to shareholders of record June 2, 2026. Routine quarterly dividend.open
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $1.63B | +13% y/y |
| Income from operations · Q1-2026 | $146M | +9% y/y |
| Net income · Q1-2026 | $123M | +9% y/y |
| Diluted earnings per share · Q1-2026 | $1.87 | +10% y/y |
| Comparable restaurant sales growth · Q1-2026 | 7.1% | |
| Restaurant margin · Q1-2026 | 16.3% | |
| Restaurant margin dollars · Q1-2026 | $264M | +10% y/y |
| Average weekly sales · Q1-2026 | $174151.00 | +7% y/y |
| Capital expenditures · Q1-2026 | $80M | |
| Dividend per share · Q2-2026 | $0.75 |
Guidance
Commodity inflation updated to 6-7% (from prior unspecified); reiterated: positive comp sales, store week growth 5-6%, wage inflation 3-4%, effective tax rate 14-15%, total capex ~$400M
Updated commodity inflation guidance to 6-7%; reiterated all other 2026 expectations; strong Q1 results and positive outlook.
Risks flagged
Commodity and labor cost inflation pressuring restaurant margins; commodity inflation guided at 6-7% for 2026.
“Commodity inflation 6.2% in Q1; guided 6-7% for FY2026; wage inflation 3.8% in Q1; guided 3-4%.”
10 Apr 2026DEF 14ATexas Roadhouse filed its DEF 14A proxy statement for the 2026 Annual Meeting, disclosing executive compensation, governance changes, and financial highlights for FY2025.open
Figures in the filing · each found in the filing text
| Total Revenue · FY2025 | $5.90B | +9% y/y |
| Comparable Restaurant Sales Growth · FY2025 | 4.9% | |
| Store Week Growth · FY2025 | 5.0% | |
| Dividends Paid · FY2025 | $180M | +12% y/y |
| Shares Repurchased · FY2025 | 869,007 | |
| Average Weekly Sales · FY2025 | $161918.00 | |
| To-Go Sales per Week · FY2025 | $21973.00 | |
| New Systemwide Locations Opened · FY2025 | 32 | |
| Franchise Restaurants Acquired · FY2025 | 20 | |
| Pre-Tax Profit · FY2025 | $472M |
Risks flagged
EPS Decline Risk
“Diluted earnings per share decrease of 5.8%” · word for word
Net Income Decline Risk
“Net income decrease of 6.5%” · word for word
TSR Underperformance Risk
“the Company's TSR... decreased 5.8% in fiscal year 2025; the TSR of the Company's peer companies... decreased 1.1% in fiscal year 2025.”
Performance-Based Compensation Risk
“Performance based equity awards with respect to fiscal year 2025 were paid at 65% of the total target amount... based on an EPS payout of 0% due to a decrease in earnings” · word for word
19 Feb 20268-K · 2.02, 5.02, 8.01Total revenue $1.48B (+3% y/y); Income from operations $97M (-30% y/y); Net income $85M (-27% y/y); Guidance: 2026 outlook: positive comparable sales growth, store week growth 5-6%, commodity inflation ~7%, wage inflation 3-4%, capex ~$400Mearningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q4-2025 | $1.48B | +3% y/y |
| Income from operations · Q4-2025 | $97M | -30% y/y |
| Net income · Q4-2025 | $85M | -27% y/y |
| Diluted earnings per share · Q4-2025 | $1.28 | -26% y/y |
| Comparable restaurant sales · Company restaurants · Q4-2025 | 4.2% | |
| Restaurant margin · Q4-2025 | 13.9% | |
| Total revenue · FY2025 | $5.88B | +9% y/y |
| Net income · FY2025 | $406M | -7% y/y |
| Diluted earnings per share · FY2025 | $6.10 | -6% y/y |
| Comparable restaurant sales · Company restaurants · FY2025 | 4.9% |
Guidance
2026 outlook: positive comparable sales growth, store week growth 5-6%, commodity inflation ~7%, wage inflation 3-4%, capex ~$400M
Management reaffirmed 2026 expectations with positive comparable sales growth and store expansion, but significant margin headwinds from commodity and wage inflation persist.
Risks flagged
Commodity inflation of 9.5% in Q4 and 6.1% for full year 2025, with 2026 guidance of ~7%
“Commodity inflation of 9.5% and wage and other labor inflation of 2.9% were partially offset by higher sales. 2026 guidance: Commodity inflation of approximately 7%.” · word for word
Restaurant margin compression of 309 bps in Q4 and 165 bps for full year
“Restaurant margin dollars decreased 15.6% to $204.8 million from $242.6 million in the prior year” · word for word
13 Feb 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Minimal risk; departure is voluntary and unrelated to company matters.
“decision was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices” · word for word
31 Dec 20258-K · 5.02Base Salary $1M; Target Bonus $1M; Restricted Stock Units $2Mopen
Figures in the filing · each found in the filing text
| Base Salary · Jerry Morgan · FY2026 | $1M | |
| Target Bonus · Jerry Morgan · FY2026 | $1M | |
| Restricted Stock Units · Jerry Morgan · FY2026 | $2M |
Risks flagged
No material risk signals; routine compensation adjustment.
2 Dec 20258-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
Leadership transition risk low due to internal promotions and experienced external hire.
“Internal promotions for CAO and GC; CFO with deep industry experience.”
7 Nov 202510-QTexas Roadhouse reported Q3 2025 revenue growth of 12.8% but net income declined 1.5% due to commodity and wage inflation pressuring margins.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2025 | $1.44B | +13% y/y |
| Net income attributable to Texas Roadhouse, Inc. and subsidiaries · Q3-2025 | $83M | -2% y/y |
| Restaurant margin · Q3-2025 | $204M | +1% y/y |
| Comparable restaurant sales growth · Q3-2025 | 6.1% | |
| Guest traffic counts · Q3-2025 | 4.3% | |
| Per person average check · Q3-2025 | 1.8% | |
| Commodity inflation · Q3-2025 | 7.9% | |
| Wage and other labor inflation · Q3-2025 | 3.9% | |
| Store weeks · Q3-2025 | 9,074 | +7% y/y |
| Capital expenditures · Q3-2025 | $129M |
Guidance
FY2025 commodity inflation ~6%, wage inflation ~4%, capex ~$400M; FY2026 commodity inflation ~7%, wage inflation 3-4%, store week growth 5-6%
Guidance indicates continued commodity and wage inflation pressure in FY2025 and FY2026, with store week growth and capex remaining elevated.
Risks flagged
Commodity inflation pressure
“commodity inflation of 7.9% in Q3 2025 and 5.1% in 2025 YTD, primarily driven by higher beef costs” · word for word
Labor cost inflation
“wage and other labor inflation of 3.9% in Q3 2025 ... driven by higher wage and benefit expense due to labor market pressures along with increases in state-mandated minimum and tipped wage rates” · word for word
6 Nov 20258-K · 2.02, 8.01Total revenue $1.44B (+13% y/y); Income from operations $97M (-5% y/y); Net income $83M (-2% y/y); Guidance: FY2025 commodity inflation raised to ~6% from prior; other guidance reaffirmedearningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2025 | $1.44B | +13% y/y |
| Income from operations · Q3-2025 | $97M | -5% y/y |
| Net income · Q3-2025 | $83M | -2% y/y |
| Diluted earnings per share · Q3-2025 | $1.25 | -1% y/y |
| Comparable restaurant sales growth · Company Restaurants · Q3-2025 | 6.1% | |
| Restaurant margin · Company Restaurants · Q3-2025 | 14.3% | |
| Restaurant margin dollars · Company Restaurants · Q3-2025 | $204M | +1% y/y |
| Average weekly sales · Company Restaurants · Q3-2025 | $157325.00 | +6% y/y |
| Dividend per share · Q4-2025 | $0.68 |
Guidance
FY2025 commodity inflation raised to ~6% from prior; other guidance reaffirmed
FY2025 guidance largely reaffirmed with commodity inflation raised; FY2026 initial outlook provided with continued inflation expectations.
Risks flagged
Commodity and labor inflation pressuring margins; FY2025 commodity inflation guidance raised to ~6%.
“Commodity inflation of 7.9%...wage and other labor inflation of 3.9%...Commodity inflation of approximately 6% (updated).”
Restaurant margin down 168bps; net income down 1.5% despite strong sales.
“Restaurant margin...decreased 168 basis points to 14.3%...Net income $83,172...1.5%.”
Texas Roadhouse, Inc. — questions
- What did Texas Roadhouse, Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-07 — Texas Roadhouse reported Q2 2026 revenue up 11.1% but net income down 1.7% due to margin compression from commodity and wage inflation.
Every figure on this page comes from Texas Roadhouse, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.