Texas Roadhouse: 2Q Earnings Snapshot
LOUISVILLE, Ky. (AP) _ Texas Roadhouse Inc. (TXRH) on Monday reported second-quarter profit of $44.2 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of 62 cents.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The restaurant chain posted revenue of $629.2 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $635.9 million.
Texas Roadhouse shares have risen 25 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $66.04, a climb of 38 percent in the last 12 months.