As Americans trim spending, these cheap steakhouses are booming [Yahoo! Finance]
Texas Roadhouse, Inc. (TXRH)
Last texas roadhouse, inc. earnings: 2/20 04:03 pm
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Source: Yahoo! Finance
A third touted the “incredible value.” If there's anything Americans love, it's cheap meat. So business is booming at Texas Roadhouse and LongHorn Steakhouse, even as Americans pull back elsewhere. In the quarter ending on March 26, sales at company-owned Texas Roadhouse locations open at least 18 months jumped 8.4% compared to the year before. And in the three months through May 26, sales at Longhorn Steakhouse locations open at least 16 months rose 4%. Longhorn, which is owned by Darden Restaurants, outperformed the other chains in Darden's portfolio, including Olive Garden That's all happening as Americans curtail retail spending and plan to shell out less for vacations this summer. Most restaurant chains are feeling the heat, with even McDonald's reporting that lower-income consumers are pulling back. The two eateries have a history of performing well during periods of economic uncertainty — a few years ago, the pair were standouts as inflation-weary Americans began to pul
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TXRH
News
- Texas Roadhouse rolls out frozen bread rolls to bake at home. Find out how to get them. [USA TODAY]USA TODAY
- America's top restaurants for customer satisfaction [FOX Business Network]FOX Business Network
- LongHorn Steakhouse and Texas Roadhouse Taste Victory Among Restaurants, While Chick-fil-A Leads Fast Food for 10th Straight Year, ACSI Data Show [Yahoo! Finance]Yahoo! Finance
- Investors in Texas Roadhouse (NASDAQ:TXRH) have seen solid returns of 249% over the past five years [Yahoo! Finance]Yahoo! Finance
- 5 things to know for June 25: Extreme weather, SCOTUS, Julian Assange, trash balloons, space race [CNN]CNN
TXRH
Earnings
- 5/2/24 - Beat
TXRH
Sec Filings
- 6/28/24 - Form 4
- 5/30/24 - Form 4
- 5/28/24 - Form 144
- TXRH's page on the SEC website