Q4 2024 Texas Roadhouse Inc Earnings Call Transcript

Feb 20, 2025 / 10:00 PM GMT

Transcript 10-K8-K

Key Points

Positve

Texas Roadhouse Inc (TXRH) achieved a record revenue of nearly $5.4 billion in 2024, with average unit volume exceeding $8 million for the first time.
The company reported a second consecutive year of double-digit increases in restaurant margin dollars, income from operations, and earnings per share.
TXRH opened 31 company-owned restaurants and 11 international Texas Roadhouse restaurants in 2024, with plans for approximately 30 new company restaurant openings in 2025.
The company ended 2024 with over $245 million in cash and generated over $750 million in cash flow from operations, allowing for self-funding of capital expenditures, dividends, and share repurchases.
TXRH announced an 11% increase in its quarterly dividend and a newly authorized $500 million share repurchase program, indicating strong shareholder returns.

Negative

The company anticipates wage and other labor inflation to remain between 4% to 5% in 2025, driven by state-mandated wage increases and higher benefits expenses.
Commodity inflation guidance for 2025 has been updated to 3% to 4%, primarily due to tighter cattle supply expectations in the latter half of the year.
Despite strong performance, the company faces challenges from weather-related store closures and calendar shifts, impacting sales trends in early 2025.
TXRH's comparable sales growth in the first quarter of 2025 is expected to be lower due to the mismatch of weeks from the 53rd week in 2024.
The company is experiencing some negative mix impact from alcohol sales, which continues to be a challenge in maintaining positive sales growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TXRH.OQ - Texas Roadhouse Inc
Q4 2024 Texas Roadhouse Inc Earnings Call
Feb 20, 2025 / 10:00PM GMT

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Presentation
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Thanks.

Thanks.

Thanks.

Thanks.

Okay.

Okay.

Good evening, and welcome to the Texas Roadhouse fourth-quarter earnings conference call.

Today's call is being recorded.

All participants are now in a listen-only mode.

After the speakers' remarks, there will be a question and answer session.

At that time, if you would like to ask a question, please press star then the number one on your telephone keypad.

Should anyone need assistance at any time during the conference, please press star zero and an operator will assist you.

I would now like to introduce Michael bail-in, Head Investor Relations for Texas Roadhouse.

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