Revenue: As of FY2025, the actual value is USD 5.878 B, missing the estimate of USD 5.891 B.EPS: As of FY2025, the actual value is USD 6.1, missing the estimate of USD 6.3138.EBIT: As of FY2025, the actual value is USD 471.6 M.<h4>Total Company Performance (Fiscal Year Ended December 30, 2025 vs. December 31, 2024)</h4><ul><li>Net Income Attributable to Texas Roadhouse, Inc. and subsidiaries: Decreased by $28.0 million or 6.5% to $405.6 million in 2025, from $433.6 million in 2024.</li><li>Restaurant Margin (Dollars): Decreased by $10.1 million or 1.1% to $905.7 million in 2025, from $915.8 million in 2024.</li><li>Restaurant Margin (Percentage of Restaurant and Other Sales): Decreased to 15.5% in 2025, from 17.1% in 2024.</li><li>Income from Operations: Was $474.7 million in 2025, compared to $516.5 million in 2024.</li><li>Interest Income, Net: Was $3.1 million in 2025, a decrease from $6.8 million in 2024.</li><li>Equity Income from Investments in Unconsolidated Affiliates: Increased to $2.9 million in 2025, from $1.2 million in 2024.</li><li>Income Tax Expense: Was $66.4 million in 2025, compared to $80.1 million in 2024.</li><li>Net Income Attributable to Noncontrolling Interests: Was $8.8 million in 2025, compared to $10.8 million in 2024.</li></ul><h4>Texas Roadhouse Segment (Fiscal Year Ended December 30, 2025 vs. December 31, 2024)</h4><ul><li>Restaurant and Other Sales: $5,475.8 million in 2025, compared to $5,012.7 million in 2024.</li><li>Restaurant Operating Costs (excluding depreciation and amortization):<ul><li>Food and Beverage: $1,943.3 million in 2025, compared to $1,691.3 million in 2024.</li><li>Labor: $1,810.8 million in 2025, compared to $1,646.4 million in 2024.</li><li>Rent: $82.8 million in 2025, compared to $72.1 million in 2024.</li><li>Other Operating: $787.4 million in 2025, compared to $737.9 million in 2024.</li></ul></li><li>Restaurant Margin (Dollars): Decreased by $13.4 million or 1.5% to $851.6 million in 2025, from $865.0 million in 2024.</li><li>Restaurant Margin (Percentage of Restaurant and Other Sales): 15.6% in 2025, compared to 17.3% in 2024.</li><li>Depreciation and Amortization: $171.4 million in 2025, compared to $149.9 million in 2024.</li><li>Segment Assets: $2,831.2 million in 2025, compared to $2,488.7 million in 2024.</li><li>Capital Expenditures: $302.5 million in 2025, compared to $304.3 million in 2024.</li></ul><h4>Bubba’s 33 Segment (Fiscal Year Ended December 30, 2025 vs. December 31, 2024)</h4><ul><li>Restaurant and Other Sales: $335.2 million in 2025, compared to $297.6 million in 2024.</li><li>Restaurant Operating Costs (excluding depreciation and amortization):<ul><li>Food and Beverage: $94.8 million in 2025, compared to $83.7 million in 2024.</li><li>Labor: $122.1 million in 2025, compared to $108.3 million in 2024.</li><li>Rent: $8.4 million in 2025, compared to $7.7 million in 2024.</li><li>Other Operating: $60.7 million in 2025, compared to $51.5 million in 2024.</li></ul></li><li>Restaurant Margin (Dollars): Increased by $2.8 million or 6.0% to $49.2 million in 2025, from $46.4 million in 2024.</li><li>Restaurant Margin (Percentage of Restaurant and Other Sales): 14.7% in 2025, compared to 15.6% in 2024.</li><li>Depreciation and Amortization: $18.7 million in 2025, compared to $16.4 million in 2024.</li><li>Segment Assets: $306.1 million in 2025, compared to $255.3 million in 2024.</li><li>Capital Expenditures: $52.1 million in 2025, compared to $38.6 million in 2024.</li></ul><h4>Other Segment (Jaggers and Retail Initiatives) (Fiscal Year Ended December 30, 2025 vs. December 31, 2024)</h4><ul><li>Restaurant and Other Sales: $36.2 million in 2025, compared to $31.5 million in 2024.</li><li>Restaurant Operating Costs (excluding depreciation and amortization):<ul><li>Food and Beverage: $11.6 million in 2025, compared to $10.1 million in 2024.</li><li>Labor: $11.5 million in 2025, compared to $10.0 million in 2024.</li><li>Rent: $1.1 million in 2025, compared to $0.8 million in 2024.</li><li>Other Operating: $7.1 million in 2025, compared to $6.2 million in 2024.</li></ul></li><li>Restaurant Margin (Dollars): $4.9 million in 2025, compared to $4.4 million in 2024.</li><li>Restaurant Margin (Percentage of Restaurant and Other Sales): 13.5% in 2025, compared to 13.8% in 2024.</li><li>Depreciation and Amortization: $16.5 million in 2025, compared to $11.8 million in 2024.</li><li>Segment Assets: $412.2 million in 2025, compared to $446.8 million in 2024.</li><li>Capital Expenditures: $33.4 million in 2025, compared to $11.5 million in 2024.</li></ul><h4>Operational Metrics</h4><ul><li>Store Weeks: Increased 5.0% at company restaurants in 2025 compared to 2024, totaling 36,178 store weeks.</li><li>New Restaurant Openings (2025): 28 company restaurants (20 Texas Roadhouse, 7 Bubba’s 33, 1 Jaggers) and 4 franchise restaurants (3 international Texas Roadhouse, 1 domestic Jaggers) were opened.</li><li>Comparable Restaurant Sales: Increased 4.9% in 2025 compared to 2024, with Texas Roadhouse restaurants seeing a 5.0% increase and Bubba’s 33 restaurants a 2.8% increase.</li><li>Guest Traffic Counts: Increased 2.8% in 2025.</li><li>Per Person Average Check: Increased 2.1% in 2025, including menu price increases of approximately 1.4% (Q2 2025) and 1.7% (Q4 2025).</li><li>Average Unit Volume (Texas Roadhouse): $8,687 thousand in 2025, compared to $8,525 thousand in 2024.</li><li>Average Unit Volume (Bubba’s 33): $6,283 thousand in 2025, compared to $6,276 thousand in 2024.</li><li>To-go Sales as a Percentage of Restaurant Sales: 13.6% in 2025, up from 12.8% in 2024.</li><li>Average Weekly To-go Sales: $21,973 in 2025, up from $19,940 in 2024.</li><li>Commodity Inflation: 6.1% in 2025, primarily due to higher beef costs.</li><li>Wage and Other Labor Inflation: 3.7% in 2025, due to labor market pressures and increases in mandated wage rates.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $730.1 million in 2025, a decrease from $753.6 million in 2024.</li><li>Net Cash Used in Investing Activities: - $482.8 million in 2025, an increase from - $336.9 million in 2024.</li><li>Net Cash Used in Financing Activities: - $357.8 million in 2025, an increase from - $275.7 million in 2024.</li><li>Capital Expenditures: Totaled $388.0 million in 2025, including $180.8 million for new company restaurants, $135.8 million for refurbishment/expansion, $43.6 million for relocations, and $27.8 million for the Support Center office.</li></ul><h4>Capital Allocation and Shareholder Returns</h4><ul><li>Dividends Declared: Quarterly dividend of $0.68 per share in 2025, totaling $180.3 million, an increase from $0.61 per share and $162.9 million in 2024.</li><li>Stock Repurchases: $150.0 million (excluding excise taxes) to repurchase 869,007 shares in 2025, with $380.0 million remaining authorized under the stock repurchase program as of December 30, 2025.</li></ul><h4>Outlook / Guidance</h4>Texas Roadhouse, Inc. anticipates 5% to 6% store week growth across all concepts in 2026, including franchise acquisitions, and projects commodity inflation of approximately 7% for 2026, with 45% of costs locked. Wage and other labor inflation is expected to be 3% to 4%, alongside a planned 1.9% menu price increase in Q2 2026 and an effective tax rate of 14% to 15%.

Texas Roadhouse | 10-K: FY2025 Revenue Misses Estimate at USD 5.878 B