Texas Roadhouse reports Q3 EPS $1.25, consensus $1.28

Reports Q3 revenue $1.436B, consensus $1.43B. In Q3, comparable restaurant sales increased 6.1% at company restaurants, and seven company restaurants and two franchise restaurants were opened. Jerry Morgan, CEO, commented, “Our operators continued to drive strong traffic this quarter, which helped offset the impact of continued commodity inflation. While the duration of these inflationary pressures remains uncertain, we are committed to running our business with a long-term focus and maintaining our value proposition.”