Full-Year Revenue and Comparable Sales Growth
2025 revenue grew to nearly $5.9 billion and full-year comparable same-store sales increased 4.9%, driven by 2.8% traffic growth.
Strong Unit Economics and Weekly Sales
Consolidated average unit volume exceeded $8.4 million. Average weekly sales: >$166,000 at Texas Roadhouse, $122,000 at Bubba's 33 and ~$73,000 at Jaggers; Q4 average weekly sales >$160,000 and first 7 weeks of Q1 averaged ~$170,000/week.
Unit Growth and Strategic Acquisitions
Added 48 company restaurants in 2025 (28 new openings + acquisition of 20 franchise restaurants). System reached 800 restaurants. Expect ~35 company openings in 2026 and completed acquisition of 5 California franchise locations at start of fiscal year (paid ~$72 million).
Cash Generation and Capital Returns
Operating cash flow for 2025 was over $730 million. Ended year with over $130 million cash, funded $388 million in capex and $108 million for franchise acquisitions; returned $180 million in dividends and $150 million in share repurchases. Quarterly dividend increased 10% to $0.75.
Technology & Operational Enhancements
Completed rollout of digital kitchen and upgraded guest management systems in late 2025; continuing handheld ordering tests in 2026 to improve speed, accuracy and to-go capabilities.
Top-line Momentum into 2026
Comparable sales for first 7 weeks of Q1 up 8.2%; management reports traffic strength continuing into Q1 despite some weather and calendar effects.
Brand & Community Achievements
60th consecutive quarter of comparable restaurant sales growth (ex-2020), purchase of Louisville support center, operators raised over $40 million for local causes, and 1.2 million meals provided to veterans/military; tinnitus fundraiser raised >$1.1 million.
Unit-Level Return Targets
Expect average all-in Roadhouse build cost to rise to ~$8.9M; Bubba's prototype costs expected to decline to ~$8.4–8.5M. Targeting mid-teen IRR on new restaurants and currently achieving/exceeding that on the portfolio.