Texas Roadhouse reports Q1 diluted EPS $1.70, consensus $1.76

Reports Q1 revenue $1.448B, consensus $1.44B. Q1 comparable restaurant sales increased 3.5% at company restaurants. Eight company restaurants were opened during the quarter. Jerry Morgan, CEO of Texas Roadhouse (TXRH), commented, “We are pleased to report that our operators successfully navigated us through a number of challenges this quarter and once again delivered traffic growth across all three of our brands. During this period of economic uncertainty, as always, we remain focused on the fundamentals of our business and on what we can control, which is creating an environment where our Roadies want to work and our guests want to dine.”