Texas Roadhouse, Inc. reported strong fourth-quarter 2024 financial results, with total revenue reaching $1.44 billion, a 23.5% increase year-over-year, surpassing analyst estimates. Diluted earnings per share were $1.73, exceeding consensus estimates by 5.4% and marking a significant rise from $1.08 in Q4 2023. The company also achieved full-year 2024 revenue of $5.37 billion.
The Board of Directors approved an 11% increase in the quarterly cash dividend to $0.68 per share, payable on April 1, 2025. Additionally, the Board authorized a new $500 million stock repurchase program, replacing the previous $300 million program, signaling confidence in the company's financial health and commitment to shareholder returns.
On the first day of fiscal year 2025, Texas Roadhouse completed the acquisition of 13 domestic franchise restaurants for an aggregate purchase price of approximately $78 million. The company also provided initial 2025 outlook, with comparable restaurant sales for the first seven weeks of Q1 2025 increasing by 2.9% and a planned menu price increase of approximately 1.4% in early April.
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