Texas Roadhouse Reports Revenue, Profit Growth

   By Aisha Al-Muslim

Texas Roadhouse Inc. (TXRH) reported its fourth-quarter revenue and profit rose as traffic gains helped the steak-restaurant chain achieve its 32nd consecutive quarter of same-restaurant sales growth.

The Louisville, Ky.-based company reported a profit of $28.6 million, or 40 cents a share, up from $20.7 million, or 29 cents a share, a year earlier. Revenue jumped 13% to $545.1 million.

Analysts polled by Thomson Reuters had forecast adjusted earnings of 37 cents a share on $545.1 million in revenue.

Same-restaurant sales grew 5.8%, beating the FactSet estimate that sales would increase 5.4%.

For 2018, the company expects positive comparable restaurant sales growth. Same-restaurant sales increased about 4.7% through the first 55 days of its first quarter, the company said Tuesday.

The company also expects to open about 30 restaurant in the current year.

Texas Roadhouse raised its quarterly dividend by four cents to 25 cents a share.

Texas Roadhouse shares fell 3.5% to $54.94 in after-hours trading. Shares are up 18% over the last year.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

February 20, 2018 16:59 ET (21:59 GMT)

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