Texas Roadhouse, Inc. (NASDAQ:TXRH) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Michael Bailen – Head-Investor Relations Jerry Morgan – Chief Executive Officer Chris Monroe – Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Peter Saleh – BTIG David Tarantino – Baird Dennis Geiger – UBS Sara Senatore – Bank of America David Palmer – Evercore ISI Jeff Farmer – Gordon Haskett Lauren Silberman – Deutsche Bank Andy Barish – Jefferies Chris O ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-50972 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 6040 Dutchmans Lane, Suite 200 Louisville, Kentucky 40205 (Address of principal executive offices) (Zip Code) ( ...

Financial Data and Key Metrics Changes - For Q3 2023, comparable sales increased by 8.2%, driven by a 4.1% growth in traffic and a 4.1% increase in average check [11] - EPS growth for the quarter was 2.6%, significantly impacted by several adjustments [39] - Restaurant margin dollars increased to over $20,000 per store week, while restaurant margin as a percentage of total sales decreased by 80 basis points to 14.6% [40] Business Line Data and Key Metrics Changes - The company opened nine new stores in Q3, including two Bubba's 33 locations, contributing to overall growth [22] - Average weekly sales for Q3 were approximately $139,000, with to-go sales representing about 12.3% of total weekly sales [67] - The company expects to open approximately 30 company-owned Texas Roadhouse and Bubba's 33 locations in 2024, along with three Jaggers [33] Market Data and Key Metrics Changes - Labor costs for store week increased by 8.5%, primarily due to wage inflation of 5.6% and growth in hours of 3.3% [4] - The effective tax rate for Q3 was 11.9%, with a projected full-year 2023 income tax rate of approximately 13% [43] Company Strategy and Development Direction - The company plans to maintain a balanced and disciplined long-term capital allocation approach, with an initial 2024 capital expenditure guidance of $340 million to $350 million [3][12] - The company is focused on organic growth and returning capital through dividends and share repurchases to deliver strong shareholder returns [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumers dining out, despite external economic pressures [61] - The company anticipates a more normalized and manageable rate of wage increases in 2024, with a forecast of 4% to 5% for wage inflation [42][26] - Management noted that beef remains the primary driver of inflation, with expectations of 5% to 6% commodity inflation for 2024 [41][76] Other Important Information - The company has seen a stabilization in wage increases and is optimistic about achieving efficiencies in labor management [26][80] - The company is committed to the growth of Bubba's 33 and has made significant investments in its operational leadership [91] Q&A Session Summary Question: Thoughts on pricing in the current environment - Management indicated that they will be cautious about pricing, focusing on core wage pressures and beef inflation [6][48] Question: Clarification on menu pricing for Q1 and Q2 - Management confirmed a 5.5% menu pricing for Q4 and discussed the potential for pricing in early 2024 [57][134] Question: Update on commodity inflation outlook for 2024 - Management stated that beef is the primary driver of the expected 5% to 6% inflation, while other commodities are flat to deflationary [76] Question: Discussion on labor efficiency and staffing levels - Management expressed optimism about achieving better labor efficiency as turnover rates have returned to pre-pandemic levels [167] Question: Insights on consumer demand and traffic growth - Management noted consistent traffic growth across various regions and demographics, indicating strong consumer demand [153]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 27, 2023 OR Securities registered pursuant to Section 12(b) of the Act: For the transition period from to Commission File Number 000-50972 Texas Roadhouse, Inc. (Exact name of registrant specifie ...

Texas Roadhouse, Inc. (NASDAQ:TXRH) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Michael Bailen - Head, IR Jerry Morgan - CEO Chris Monroe - CFO Conference Call Participants Brian Bittner - Oppenheimer David Tarantino - Baird Peter Saleh - BTIG Chris O’Cull - Stifel Jeff Farmer - Gordon Haskett Jake Bartlett - Truist Securities Brian Harbor - Morgan Stanley Sara Senatore - Bank of America Andy Barish - Jefferies Brian Vaccaro - Raymond James Gregory Francfort - Guggenheim D ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-50972 Texas Roadhouse, Inc. (Exact name of registrant specified in its charter) Delaware 20-1083890 (State or other juris ...

Texas Roadhouse, Inc. (NASDAQ:TXRH) Q1 2023 Earnings Conference Call May 4, 2023 2:00 PM ET Company Participants Michael Bailen - Head, Investor Relations Jerry Morgan - Chief Executive Officer Conference Call Participants Joshua Long - Stephens David Palmer - Evercore ISI Brian Towsen - Morgan Stanley Peter Saleh - BTIG Jeffrey Bernstein - Barclays David Tarantino - Baird Sara Senatore - Bank of America Dennis Geiger - UBS Jeff farmer - Gordon Haskett Jon Tower - Citi Lauren Silberman - Credit Suisse Brian ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 27, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-50972 Texas Roadhouse, Inc. (Exact name of registrant specified in its charter) Delaware (State or other jurisdicti ...

Texas Roadhouse, Inc. (NASDAQ:TXRH) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Company Participants Keith Humpich - Interim Chief Financial Officer Jerry Morgan - Chief Executive Officer Regina Tobin - President Michael Bailen - Investor Relations Conference Call Participants Chris Carril - RBC Capital Markets Brian Harbour - Morgan Stanley Brian Bittner - Oppenheimer David Palmer - Evercore ISI David Tarantino - Baird Jeffrey Bernstein - Barclays Peter Saleh - BTIG Sara Senatore - Bank o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-50972 Texas Roadhouse, Inc. (Exact name of registrant specified in its charter) Delaware 20-1083890 (State or other j ...