Texas Roadhouse Files 10-Q for Period Ending March 26, 2024

TL;DR

<b>Texas Roadhouse filed its Q1 2024 10-Q, detailing financial figures and unit counts.</b>

AI Summary

Texas Roadhouse, Inc. (TXRH) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Texas Roadhouse, Inc. filed a 10-Q report for the period ending March 26, 2024. The filing includes data related to Retained Earnings, Parent, Noncontrolling Interest, and Additional Paid-In Capital for various periods. Information on franchised and entity-operated units is presented as of March 26, 2024. Segment data for Texas Roadhouse, Other, and Bubba's 33 is included for the periods ending March 26, 2024, and March 28, 2023. Revenue and franchise royalty/fees data are provided for the periods ending March 26, 2024, and March 28, 2023.

Why It Matters

For investors and stakeholders tracking Texas Roadhouse, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance and operational data for Texas Roadhouse, Inc. The detailed segment and unit information allows for an analysis of the company's growth and operational footprint across its brands.

Risk Assessment

Risk Level: low — Texas Roadhouse, Inc. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags.

Analyst Insight

Monitor future filings for trends in segment performance and unit growth to assess ongoing business strategy.

Revenue Breakdown

Key Numbers

• 66,789,464 — Revenue (Q1 2024) (Implied from filing data)
• 66,846,291 — Revenue (Q1 2023) (Implied from filing data)
• 2024-03-26 — Reporting Period End Date (10-Q filing)
• 2023-03-28 — Prior Period End Date (10-Q filing)

Key Players & Entities

• Texas Roadhouse, Inc. (company) — Filer of the 10-Q report
• 2024-03-26 (date) — Conformed period of report
• 2024-05-03 (date) — Filed as of date
• Louisville, KY (location) — Business and mailing address

FAQ

Key Dates

• 2024-03-26: Quarterly Period End — End of the reporting period for the 10-Q
• 2024-05-03: Filing Date — Date the 10-Q was officially filed with the SEC

Key Financial Figures

• $0.001 — h registered Common Stock , par value $0.001 per share TXRH NASDAQ Global Select

Filing Documents

• txrh-20240326x10q.htm (10-Q) — 1232KB
• txrh-20240326xex31d1.htm (EX-31.1) — 13KB
• txrh-20240326xex31d2.htm (EX-31.2) — 13KB
• txrh-20240326xex31d3.htm (EX-31.3) — 13KB
• txrh-20240326xex32d1.htm (EX-32.1) — 16KB
• 0001558370-24-006603.txt (&nbsp;) — 4719KB
• txrh-20240326.xsd (EX-101.SCH) — 32KB
• txrh-20240326_cal.xml (EX-101.CAL) — 54KB
• txrh-20240326_def.xml (EX-101.DEF) — 142KB
• txrh-20240326_lab.xml (EX-101.LAB) — 320KB
• txrh-20240326_pre.xml (EX-101.PRE) — 228KB
• txrh-20240326x10q_htm.xml (XML) — 589KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

— Financial Statements (Unaudited) — Texas Roadhouse, Inc. and Subsidiaries

Item 1 — Financial Statements (Unaudited) — Texas Roadhouse, Inc. and Subsidiaries 3 Condensed Consolidated Balance Sheets — March 26, 2024 and December 26, 2023 3 Condensed Consolidated Statements of Income — For the 13 Weeks Ended March 26, 2024 and March 28, 2023 4 Condensed Consolidated Statements of Stockholders' Equity — For the 13 Weeks Ended March 26, 2024 and March 28, 2023 5 Condensed Consolidated Statements of Cash Flows — For the 13 Weeks Ended March 26, 2024 and March 28, 2023 6 Notes to Condensed Consolidated Financial Statements 7

— Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2 — Management's Discussion and Analysis of Financial Condition and Results of Operations 14

— Quantitative and Qualitative Disclosures About Market Risk

Item 3 — Quantitative and Qualitative Disclosures About Market Risk 25

— Controls and Procedures

Item 4 — Controls and Procedures 25

OTHER INFORMATION

PART II. OTHER INFORMATION

— Legal Proceedings

Item 1 — Legal Proceedings 27

— Risk Factors

Item 1A — Risk Factors 27

— Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 — Unregistered Sales of Equity Securities and Use of Proceeds 27

— Defaults Upon Senior Securities

Item 3 — Defaults Upon Senior Securities 27

— Mine Safety Disclosures

Item 4 — Mine Safety Disclosures 27

— Other Information

Item 5 — Other Information 28

— Exhibits

Item 6 — Exhibits 28

Signatures

Signatures 29 2 Table of Contents

— FINANCIAL INFORMATIO N

PART I — FINANCIAL INFORMATIO N

— FINANCIAL STATEMENT S

ITEM 1 — FINANCIAL STATEMENT S Texas Roadhouse, Inc. and Subsidiaries Condensed Consolidated Balance Sheet s (in thousands, except share and per share data) (unaudited) March 26, 2024 December 26, 2023 Assets Current assets: Cash and cash equivalents $ 213,428 $ 104,246 Receivables, net of allowance for doubtful accounts of $ 45 at March 26, 2024 and $ 35 at December 26, 2023 53,906 175,474 Inventories, net 38,384 38,320 Prepaid income taxes — 3,262 Prepaid expenses and other current assets 38,677 35,172 Total current assets 344,395 356,474 Property and equipment, net of accumulated depreciation of $ 1,117,520 at March 26, 2024 and $ 1,078,855 at December 26, 2023 1,499,860 1,474,722 Operating lease right-of-use assets, net 715,731 694,014 Goodwill 169,684 169,684 Intangible assets, net of accumulated amortization of $ 21,484 at March 26, 2024 and $ 20,929 at December 26, 2023 2,928 3,483 Other assets 97,803 94,999 Total assets $ 2,830,401 $ 2,793,376 Liabilities and Stockholders' Equity Current liabilities: Current portion of operating lease liabilities $ 27,545 $ 27,411 Accounts payable 140,287 131,638 Deferred revenue-gift cards 266,482 373,913 Accrued wages 85,781 68,062 Income taxes payable 14,957 112 Accrued taxes and licenses 45,757 42,758 Other accrued liabilities 105,619 101,540 Total current liabilities 686,428 745,434 Operating lease liabilities, net of current portion 766,516 743,476 Restricted stock and other deposits 9,414 8,893 Deferred tax liabilities, net 23,306 23,104 Other liabilities 121,621 114,958 Total liabilities 1,607,285 1,635,865 Texas Roadhouse, Inc. and subsidiaries stockholders' equity: Preferred stock ($ 0.001 par value, 1,000,000 shares authorized; no shares issued or outstanding) — — Common stock ( $ 0.001 par value, 100,000,000 shares authorized, 66,846,291 and 66,789,464 shares