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Texas Roadhouse, Inc. (TXRH) reported a 0.8% year-over-year decline in adjusted EPS, while sales increased by 13% in its latest quarter. Comparable restaurant sales rose by 6.1%, with average weekly sales also showing improvement. The company’s updated commodity inflation guidance indicates a rise to approximately 6%, up from the previous 5.2% forecast.
CEO Jerry Morgan highlighted strong traffic driving sales but acknowledged ongoing challenges from commodity inflation. Analysts currently hold a Zacks Rank of #5 (Strong Sell) for TXRH, indicating a bearish outlook on the company’s earnings. Negative earnings estimate revisions reflect a challenging operating environment ahead.
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