Texas Roadhouse: 2Q Earnings Snapshot
LOUISVILLE, Ky. (AP) _ Texas Roadhouse Inc. (TXRH) on Monday reported second-quarter profit of $44.8 million.
The Louisville, Kentucky-based company said it had profit of 63 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The restaurant chain posted revenue of $689.8 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $688.2 million.
Texas Roadhouse shares have decreased 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.60, a drop of 17% in the last 12 months.