Shares of Texas Roadhouse TXRH are trading down by about 1 percent on their report of earnings of 3q 2014.
The restaurant group announced:
“Diluted earnings per share increased 11.9% to $0.27 from $0.24 in the prior year; Comparable restaurant sales increased 5.9% at company restaurants and 5.2% at franchise restaurants; Restaurant margin, as a percentage of restaurant sales, decreased 40 basis points to 16.8%, primarily due to approximately 4.5% food cost inflation and higher costs associated with general liability insurance due to the impact of overlapping a $1.3 million credit recorded in the prior year period…”
TXRH provided updates and guidance for 2015:
The group expects positive comparable restaurant sales growth; they expect to open approximately 27 restaurants; and expect CapEx in the range of $110 million to $120 million.
Of note: trading volume in today’s regular trading hours was brisk: up 68 percent from the average 90 day trading volume.
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