Texas Roadhouse reports Q1 earnings ahead of expectations, driven by stronger traffic and sales growth amid easing commodity inflation.
Texas Roadhouse (TXRH) shares surged in premarket trading after reporting first-quarter revenue of $1.63 billion, a 12.8% increase year-over-year. Diluted earnings per share rose 9.6%, surpassing consensus estimates.
The results reflect improved traffic and sales momentum, with the company citing slight relief from commodity inflation pressures. Comparable sales growth outpaced expectations, reinforcing positive trends from prior quarters.
Markets reacted favorably, with TXRH shares climbing in early trading as investors digested the stronger-than-expected performance.