Texas Roadhouse earnings date
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Texas Roadhouse (TXRH) Q3 2026 Earnings Report
TXRH Q3 2026 EPS Results
- Actual EPS
- $1.36
- Consensus EPS
- $1.46
- Beat/Miss
- Missed by -$0.10
- One Year Ago EPS
- $1.25
TXRH Q3 2026 Revenue Results
- Actual Revenue
- $1.57B
- Expected Revenue
- $1.58B
- Beat/Miss
- Missed by -$7.82M
- YoY Revenue Growth
- +9.52%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
Texas Roadhouse's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was broadly positive, with strong companywide comparable sales and traffic, revenue and EPS growth, improved restaurant margins, a robust development pipeline, favorable Bubba's 33 performance, international expansion and sequential sales improvement entering the fourth quarter. The main negatives were the temporary sales impact from the false social media allegations, September's slowdown, holiday calendar headwinds, ongoing commodity and labor inflation, and a recovery that has taken longer than some expected. Positive developments significantly outweighed the stated challenges.
Management expects over 15 openings scheduled for the fourth quarter and remains on track to open approximately 35 restaurants across the 3 brands in 2026, with approximately 35 company-owned restaurants across the 3 brands planned for 2027 and 18 restaurants already under construction; franchise partners are planning to open approximately 10 new restaurants in 2027, including as many as 8 international Texas Roadhouses. Full year 2026 commodity inflation guidance remains at approximately 5%, fourth quarter commodity inflation is expected to be approximately 4.5%, and 2027 commodity inflation guidance is approximately 4%; 2026 wage and other labor inflation guidance is 3.5% to 4%, and 2027 guidance is approximately 3%. 2026 capital expenditure guidance is approximately $440 million and 2027 capital expenditure guidance is approximately $425 million, while full year 2026 G&A dollar expense is expected to increase a low double-digit percentage and total depreciation dollar expense a low teen percentage; income tax rate guidance is approximately 13% for both 2026 and 2027. Fourth quarter same-store sales growth is expected to face an approximately 75 basis point negative impact from holiday shifts, Chicken Alfredo Pasta is expected to be system-wide by the spring menu, and the company plans to roll out mobile POS to approximately 200 more restaurants in 2027 and finish up probably in 2028 if everything continues to go well.
- Positive Comparable Sales and Traffic Across All BrandsAll three brands delivered positive comparable sales and traffic growth in the third quarter. Revenue reached $1.6 billion, same-store sales increased 4.3%, including 0.7% traffic growth, and each brand reported positive comparable sales in every quarter of 2026.
- Revenue, Margin Dollars and EPS GrowthThird-quarter revenue increased 9.5%, driven by a 4.2% increase in average weekly sales and 5.1% store week growth. Restaurant margin dollars increased 11.9% to $229 million, diluted EPS increased 8.6% to $1.36, and restaurant margin dollars per store week increased 6.4% to $24,000.
- Improved Restaurant Margin and Food Cost PercentageRestaurant margin as a percentage of total sales increased 30 basis points to 14.6%. Food and beverage costs were 35.5% of sales, a 32-basis-point year-over-year improvement, primarily driven by the 3.6% average check increase more than offsetting 2% commodity inflation.
- Healthy Average Weekly Sales and To-Go GrowthAverage weekly sales were $164,000, with to-go sales of $23,500 representing 14.4% of total weekly sales. To-go weekly sales increased 10% year over year in the third quarter, supported by technology investments and labor efficiencies.
- Sequential Improvement Entering the Fourth QuarterComparable sales increased 1.5% through the first five weeks of the fourth quarter, including an approximately 30-basis-point negative impact from Halloween shifting from Friday to Saturday. Management said sales and traffic improved sequentially throughout October and into early November, with each week of the fourth quarter improving sequentially.
- Strong Development PipelineThe company opened five company-owned locations in the third quarter, including two Bubba's 33 restaurants and one Jaggers. More than 15 openings were scheduled for the fourth quarter, and the company remains on track to open approximately 35 restaurants across the three brands in 2026. It expects to open approximately 35 company-owned restaurants in 2027, with 18 already under construction.
- Bubba's 33 Momentum and ReturnsManagement said Bubba's 33 is showing positive recent trends, with strong new-store openings and a target cadence of approximately 10 to 12 openings per year. The brand has more than 60 restaurants, year-to-date average weekly sales of nearly $126,000, and high-teens cash-on-cash returns in both ground-up locations and conversions.
- International ExpansionFranchise partners opened three Texas Roadhouse restaurants in the third quarter and expect three more openings in the fourth quarter, bringing the international total to nearly 70 restaurants in 11 countries. The company also signed development and franchise agreements in Vietnam and Japan. Franchise partners plan approximately 10 new international openings in 2027, including as many as eight international Texas Roadhouses.
- Menu Innovation Gaining Positive FeedbackChicken Alfredo Pasta was added to more than 600 Texas Roadhouse restaurants, with plans for a system-wide rollout by the spring menu. Operators, servers and guests have provided positive feedback, and sales were described as strong and solid after 400 additional stores opted in during the October menu cycle.
- Positive Beverage and Value InitiativesNonalcoholic offerings, including mocktails and dirty sodas, are producing positive results, and energizer options are being tested at all three brands. The company continues to promote $5 all-day everyday Ice-Cold Beer, Long Island Iced Tea and Legendary Margaritas.
- Technology Rollout ProgressThe digital kitchen rollout is complete, and management said it has helped with order consistency, food assembly, kitchen calmness and integrating to-go orders with dining-room operations. The mobile POS test is operating in approximately 100 restaurants on version 2, with plans to roll it out to approximately 200 additional restaurants in 2027 and potentially complete the rollout by the end of 2028.
- Strong Liquidity and Capital InvestmentThe company ended the quarter with $141 million of cash, while third-quarter operating cash flow was $147 million. The 2026 capital expenditure outlook was increased from approximately $400 million to approximately $440 million, largely due to the timing of the 2026 and 2027 development pipelines and the purchase of a neighboring property next to the support center. 2027 capital expenditures are expected to be approximately $425 million.
- Improving Sales MixThird-quarter mix was flat, an improvement from the prior six or seven quarters. Entree mix became more positive sequentially, alcohol mix became less negative, and all pricing flowed through to check. Management also said guests were increasingly ordering steaks or larger entrees.
- Value Proposition Remains StrongManagement said consumers remain selective and value conscious but have not materially changed their ordering behavior after the 1% menu price increase implemented at the beginning of the fourth quarter. The company believes the relative value of eating steak at Texas Roadhouse remains attractive compared with grocery-store beef.
- Lower Expected Labor Inflation for 2027Full-year 2026 wage and other labor inflation guidance was narrowed to 3.5% to 4%, while 2027 guidance was set at approximately 3%. Management said the wage component is moderating and that the absence of additional pressure from previously acquired higher-wage California franchise stores is contributing to the 2027 outlook.
- Community Engagement and Guest ReachManagement said overall operator sentiment was positive during the fall tour and that affected restaurants were showing momentum. The company reported serving more than 200 million guests so far in 2026 and said operators were focusing on local store marketing, community partnerships, legendary food and service.
- Clarksville Relocation MilestoneThe original Texas Roadhouse restaurant in Clarksville, Indiana, opened in a newly relocated building near the original site. The new location includes memorabilia honoring the first store and a Kent's Corner dedicated to founder Kent Taylor's vision and success.
TXRH Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 18, 2027 | 2026 (Q4) | 1.22- | 1.28 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 1.461.36 | 1.25 | 8.80% (+0.11) | |
| Aug 06, 2026 | 2026 (Q2) | 1.831.85 | 1.86 | -0.54% (-0.01) | |
| May 07, 2026 | 2026 (Q1) | 1.801.87 | 1.7 | 10.00% (+0.17) | |
| Feb 19, 2026 | 2025 (Q4) | 1.501.28 | 1.73 | -26.01% (-0.45) | |
| Nov 06, 2025 | 2025 (Q3) | 1.281.25 | 1.26 | -0.79% (-0.01) | |
| Aug 07, 2025 | 2025 (Q2) | 1.911.86 | 1.79 | 3.91% (+0.07) | |
| May 08, 2025 | 2025 (Q1) | 1.761.70 | 1.69 | 0.59% (+0.01) | |
| Feb 20, 2025 | 2024 (Q4) | 1.641.73 | 1.08 | 60.19% (+0.65) | |
| Oct 24, 2024 | 2024 (Q3) | 1.321.26 | 0.95 | 32.63% (+0.31) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
