Texas Roadhouse, Inc. (TXRH) Earnings
Texas Roadhouse, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $1.86. TXRH has beaten EPS estimates in 6 of its last 12 reported quarters (average surprise -4.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.80 | $1.87 | +3.9% | $1.6B | -0.1% |
| Feb 19, 2026 | $1.53 | $1.28 | -16.3% | $1.5B | -8.4% |
| Nov 6, 2025 | $1.28 | $1.25 | -2.3% | $1.4B | +0.5% |
| Aug 7, 2025 | $1.90 | $1.86 | -2.1% | $1.5B | +0.6% |
| May 8, 2025 | $1.76 | $1.70 | -3.4% | $1.4B | +0.5% |
| Feb 20, 2025 | $1.64 | $1.73 | +5.5% | $1.4B | +1.9% |
| Oct 24, 2024 | $1.32 | $1.26 | -4.5% | $1.3B | -9.8% |
| Jul 25, 2024 | $1.64 | $1.79 | +9.1% | $1.3B | +0.2% |
| May 2, 2024 | $1.63 | $1.69 | +3.7% | $1.3B | -0.1% |
| Feb 15, 2024 | $1.06 | $1.08 | +1.9% | $1.2B | +0.3% |
| Oct 26, 2023 | $1.06 | $0.95 | -10.4% | $1.1B | +0.0% |
| Jul 27, 2023 | $1.20 | $1.22 | +1.7% | $1.2B | +0.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Beverage mix: Discussed pricing, mix from alcohol and to-go business. - Bubba's brand: Working on growth, evaluating smaller prototypes, excited about brand and energy. - Technology: Handhelds for enhancing guest experience, accuracy improvement. - Labor productivity: Expecting continued trends, part benefit from to-go. - Restaurant margins: Expecting leverage from traffic trends and pricing flow through. - Off-prem business: Grown due to execution, ease of ordering, revamped order guide, operator dedication.
Guidance
- Q1 pricing was 3.1%, Q2 and Q3 will have 3.6%, Q4 will be 1.9 plus additional if chosen. - Commodity inflation expectation for Q2 is 7% - 8%, previously expected very high single digits. - Beef cost cycle is expected to have relief over time, will be patient in determining structural vs cyclical higher costs.
Segment performance
For beverages: In Q1, pricing was 3.1%, check was up 2.6%, about 50 basis points of negative mix from alcohol category (improving) and to-go business growing faster than dine-in (lower average check with less beverage attachment). For Bubba's: Focus on brand growth, evaluating smaller prototypes, had conversions for profitability. No specific absolute revenue figures provided for segments but detailed on mix and brand performance.
Risks & headwinds
- Weather impact on business, as seen in Q1 with negative weather impact offset by holiday. - Potential demand destruction at retail due to higher beef prices leading to shift to other proteins. - Uncertainty in beef cost cycle affecting pricing cadence and COGS line.
Analyst Q&A
Q: Question on beverages pricing and mix,
A: 3.1% pricing in Q1, 50 basis points negative mix from alcohol and to-go;
Q: Question on Bubba's growth unlocks,
A: Working on brand growth, evaluating smaller prototypes, using same game plan as Texas Roadhouse;
Q: Question on consumer and gas prices,
A: No correlation seen with gas prices, value proposition benefits;
Q: Question on COGS and beef consumption,
A: Beef cost pressure stabilized, around 10 basis points impact;
Q: Question on handhelds and pricing cadence,
A: Handhelds for efficiency, Q2 and Q3 pricing 3.6%, Q4 1.9 plus additional;
Q: Question on labor productivity,
A: Expecting further productivity gains, part benefit from to-go;
Q: Question on restaurant margins,
A: Expect leverage from traffic and pricing;
Q: Question on off-prem business,
A: Grown due to execution, ease of ordering;
Q: Question on COGS inflation outlook,
A: Q2 expectation 7% - 8%, change due to beat;
Q: Question on Bubba's new unit volumes,
A: Excited about brand, using same game plan;
Q: Question on pricing vs peers,
A: Conservative approach, lower than most steakhouse peers;
Q: Question on carryout marketing and margins,
A: Brand markets itself, to-go margin beneficial;
Q: Question on beef cost structure,
A: Beef cycle is cyclical, expect relief over time;
Q: Question on labor hours and retention,
A: Retention and technology contribute to labor productivity;
Q: Question on weather impact,
A: Weather had 80 basis point negative impact offset by holiday