Companies · TXRH
Texas Roadhouse
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Latest analysis
Updated Aug 7, 2026
TXRH Q2 2026: 6.2% comp growth on positive traffic, but 70bps restaurant margin compression from 7% beef inflation erases net income gains
Texas Roadhouse delivered 6.2% comparable restaurant sales growth in Q2 2026, driven by a rare combination of 3.0% positive guest traffic and 3.2% average check increase, demonstrating category-leading demand despite a challenging consumer environment. However, 7.0% commodity inflation — predominantly beef — compressed restaurant margin 70 basis points to 16.4%, more than offsetting the benefit of higher sales and causing net income to decline to $121.9 million from $124.1 million in Q2 2025. The cost structure headwind is structural in the near term: with only 60% of remaining 2026 commodity costs locked, and full-year commodity inflation guided at approximately 5%, margin recovery depends on continued traffic momentum and a moderation in beef markets.
Tone: mixedRevenue
$5.9B
TXRH 10-K · FY 2025
Employees
101,000
Revenue FY2024
$5.4B
Founded
1993
Profile
TXRH 10-K Item 1 · Feb 27, 2026Texas Roadhouse is a Louisville-based casual dining restaurant company operating three concepts — Texas Roadhouse, Bubba's 33, and Jaggers — across 816 locations in 49 states, one U.S. territory, and ten foreign countries as of December 30, 2025. The company's flagship concept is a moderately priced, full-service steakhouse featuring hand-cut steaks, made-from-scratch sides, and a rustic southwestern atmosphere. Texas Roadhouse operates primarily through company-owned restaurants, with 714 company restaurants and 102 franchised locations.
Read filing description ↓ Collapse description ↑
Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment. Our late founder, W. Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse restaurant in Clarksville, Indiana. Since then, we have grown to three concepts with 816 restaurants in 49 states, one U.S. territory, and ten foreign countries. Our mission statement is 'Legendary Food, Legendary Service' and our core values are 'Passion, Partnership, Integrity, and Fun with Purpose.' Our operating strategy is designed to position each of our restaurants as the local hometown favorite for a broad segment of consumers seeking high quality, affordable meals served with friendly, attentive service. Texas Roadhouse is a moderately priced, full-service, casual dining restaurant concept offering an assortment of specially seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Bubba's 33 is a moderately priced, full-service, casual dining restaurant concept featuring scratch-made food with a rock 'n' roll atmosphere, ice-cold beer, and signature cocktails. Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken sandwiches and chicken tenders, made-to-order fresh salads, and hand-spun milkshakes with drive-thru, carry-out, and dine-in service options. As of December 30, 2025, we owned and operated 714 restaurants and franchised an additional 102 restaurants.
Primary products
- Texas Roadhouse restaurants
- Bubba's 33 restaurants
- Jaggers restaurants
- Franchise arrangements
- Retail initiatives (frozen rolls, whipped buttery spreads, beef jerky, steak sauces and seasonings, branded bagged peanuts)
Business segments
End markets
Geographies
“Although we believe that we compete favorably with respect to each of the above channels, other restaurants and retail establishments compete for the same casual dining guests, quality site locations, and restaurant-level employees as we do.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue grew from $5.37 billion in fiscal 2024 to $5.88 billion in fiscal 2025, driven primarily by higher restaurant and other sales across the company restaurant base.
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