When The Cheesecake Factory announced its second-quarter earnings in August, its stock dipped 14 percent the next day. That happened despite the fact that its same-store sales rose 1.4 percent and revenue jumped 4 percent.
Texas Roadhouse has battled labor inflation for some time now. That’s not an uncommon thread throughout the industry, especially as unemployment continues to drop and the market tightens. Brands have lifted prices, or turned to technology, like kiosks and tablets, to lessen the burden in many cases.
Given Texas Roadhouse’s sizzling sales of late, it’s no surprise to see the 558-unit chain scoring big with guests on this year’s American Customer Satisfaction Index. Texas Roadhouse notched an 83 (out of 100) to lead all full-service brands studied in the annual report.
Texas Roadhouse announced a key executive change, and it’s coming from within. The 558-unit, Louisville-based chain promoted Tonya Robinson to chief financial officer, replacing company president Scott Colosi, who served in the interim role since 2015.
Kent Taylor didn’t need a lot of superlatives to explain Texas Roadhouse’s red-hot April. “When I opened my Christmas presents at Christmas, and I got something I’m not sure I expected, I was [just] happy to see it.
Kent Taylor stuffed the proposal into an envelope and scootered his way to Ross Perot’s Bermuda vacation home. The billionaire and former presidential candidate was staying in a home tucked behind a gated community, but Taylor, the founder and CEO of Texas Roadhouse, has never been one to reverse course in the face of resistance.
Texas Roadhouse isn’t immune to some of the crunches facing casual dining. The 527-unit brand stared down labor inflation in 2017 and raised prices about 0.3 percent across its U.S. system. But, as chief executive officer Kent Taylor put it Tuesday afternoon during a conference call, Texas Roadhouse is “feeling some very cool vibes for 2018.
Shares of Texas Roadhouse soared to record highs Tuesday as investors digested the casual dining company’s better-than-expected first-quarter results. While Texas Roadhouse surprised analysts with the numbers, how it got there was far from complicated, executives explained in a conference call.
Texas Roadhouse, Inc. announced financial results for the 13- and 52-week periods ended December 27, 2016.Results for the fourth quarter included the following highlights:Comparable restaurant sales growth of 1.
Texas Roadhouse, Inc. announced financial results for the 13- and 39-week periods ended September 27.Results included the following highlights:Comparable restaurant sales growth of 3.4 percent at company restaurants and 3.
Louisville-based Texas Roadhouse and Blue Chair Bay Rum have launched an exclusive specialty drink with big flavor just in time for summer.“Kenny’s Cooler,” which was created by Texas Roadhouse, is available in 476 restaurants nationwide.
Texas Roadhouse, Inc. announced financial results for the 13-week period ended March 29.Results for the first quarter included the following highlights:Comparable restaurant sales growth of 4.6 percent at company restaurants and 3.
Texas Roadhouse, Inc. announced financial results for the 13- and 52-week periods ended December 29, 2015.Results for the fourth quarter included the following highlights:Comparable restaurant sales growth of 4.
The chain that offered never ending pasta for seven weeks is focused on its rebranding. A new logo, new menu, new restaurant design, new lunch offerings, and a whole new image takes time to resonate with consumers and it seems Olive Garden will have to wait a little while longer to see if its strategy is a hit.