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Texas Roadhouse
Texas Roadhouse (TXRH) investor relations material
Texas Roadhouse Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Achieved nearly $5.9 billion in revenue for 2025, with all three brands posting positive sales and traffic growth; full-year revenue up 9.4% to $5.88 billion.
Marked 60 consecutive quarters of comparable restaurant sales growth, excluding 2020; comparable restaurant sales increased 4.2% in Q4 and 4.9% for the year.
Opened the 800th system-wide restaurant and acquired 20 franchise locations; nine company and one franchise restaurant opened in Q4, with 28 company and four franchise restaurants opened in 2025.
Completed rollout of Digital Kitchen and upgraded Guest Management Systems across all restaurants.
Raised over $40 million for local schools and nonprofits through Dine to Donate fundraisers.
Financial highlights
Same-store sales increased 4.9% for the full year, with 2.8% traffic growth; fourth quarter revenue grew 3.1% to $1.48 billion.
Consolidated average unit volume exceeded $8.4 million; average weekly sales at company restaurants in Q4 were $160,021.
Restaurant margin dollars in Q4 decreased 15.6% to $204.8 million; full-year margin dollars down 1.1% to $905.7 million.
Diluted EPS decreased 26.1% in Q4 to $1.28 and 5.8% for the year; full-year net income down 6.5% to $405.6 million.
Ended the year with over $130 million in cash and $730 million in operating cash flow.
Outlook and guidance
Expecting approximately 35 company restaurant openings in 2026, plus six international and four domestic franchise units.
Comparable restaurant sales for the first seven weeks of 2026 up 8.2% year-over-year.
Commodity inflation guidance for 2026 is 7%, with beef inflation as the main driver; wage and labor inflation expected at 3%-4%.
Capital expenditure guidance for 2026 is approximately $400 million.
Full year 2026 income tax rate forecast updated to 14%-15%.
2026 restaurant margin outlook given inflation
Rationale for increased franchise acquisitions
2026 capital allocation strategy for shareholder returns
New tech's impact on restaurant labor efficiency?
What offsets long-term beef cost pressures?
Bubba's 33: unit growth and profitability drivers?
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Next Texas Roadhouse earnings date
Q1 20267 May, 2026
Texas Roadhouse
Next Texas Roadhouse earnings date
Q1 20267 May, 2026
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Frequently asked questions
Texas Roadhouse, Inc., together with its subsidiaries, operates the Texas Roadhouse and Bubba'33 casual dining restaurants in the United States and internationally. It also operates TruFire Kitchen & Bar restaurant; and franchises restaurants under the same name. As of December 29, 2021, it operated 566 domestic company-owned restaurants comprising 164 in-mall units and 402 freestanding units; and 101 franchise restaurants operating in 41 states, 3 territories, and 5 countries. The company was formerly known as Texas Roadhouse Holdings LLC and changed its name to Texas Roadhouse, Inc. in June 2021. Texas Roadhouse, Inc. was founded in 1993 and is headquartered in Louisville, Kentucky.
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