Texas Roadhouse, Inc.: Initiation Of Coverage – Will Its Investments In Digital Technology Pay Off?

This is our first report on dining restaurant chain, Texas Roadhouse Inc. The year 2023 proved to be a successful year for the company. Texas Roadhouse generated over $4.6 billion in revenue and saw an increase in average unit volumes to more than $7.6 million. For the full year, comparable sales growth was over 10%, more than half of this increase resulting from higher guest traffic. Top-line growth was reported alongside restaurant margin dollars, income from operations, and earnings per share, all further increased.