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Stock impact report

Texas Roadhouse Is Down, but Not Out, on Higher Wages and Expenses [The Motley Fool]

Texas Roadhouse, Inc. (TXRH) 
Last texas roadhouse, inc. earnings: 2/20 04:03 pm Check Earnings Report
Company Research Source: The Motley Fool
Expenses have been volatile this year, so the long view is a must with this restaurateur. Shares of Texas Roadhouse ( NASDAQ:TXRH ) are down again after the company reported rising sales but declining profits during the third quarter. The top and bottom lines surprised investors by heading in opposite directions over the summer months as the steakhouse chain works through rising expenses, especially for labor. That doesn't mean this stock is dead. Nevertheless, patience is required. Summer of '18: A restaurant story After two year's worth of declining sales, the restaurant industry turned a corner this year and has begun to rebound. Average location comparable sales are back on the rise mostly due to price hikes, despite a continued decline in average foot traffic  because of overexpansion. Against this backdrop, Texas Roadhouse has been a solid performer. The company's disciplined approach to building new restaurants, its focus on underserved rural America, and h Show less Read more
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