Texas Roadhouse Q1 2024 GAAP EPS $1.69 Beats $1.61 Estimate, Sales $1.321B Miss $1.323B Estimate
Portfolio Pulse from Benzinga Newsdesk
Texas Roadhouse (NASDAQ:TXRH) reported Q1 2024 earnings of $1.69 per share, surpassing the $1.61 estimate, marking a 32.03% increase from last year. However, their sales of $1.321B slightly missed the $1.323B estimate, though it's a 12.52% increase from the previous year.
May 02, 2024 | 8:13 pm
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Texas Roadhouse reported a strong Q1 2024 earnings beat but slightly missed sales estimates, showing significant year-over-year growth.
The positive earnings beat by Texas Roadhouse indicates operational efficiency and profitability, which is likely to be viewed favorably by investors, potentially driving the stock price up in the short term. However, the slight miss on sales estimates could temper some of the enthusiasm, but the overall growth trajectory remains strong, suggesting a positive outlook.
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