Every material Form 8-K Texas Roadhouse has filed with the SEC since December 31, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Texas Roadhouse reported its financial results for the third quarter ended September 29, 2026, featuring a 9.5% increase in total revenue to $1.57 billion and an 8.6% increase in diluted earnings per share to $1.36. The company also announced a quarterly cash dividend of $0.75 per share, payable on December 29, 2026, to shareholders of record on December 1, 2026.
Total revenue for the 13 weeks ended September 29, 2026, rose 9.5% to $1.57 billion compared to the prior year period.
Diluted earnings per share increased 8.6% to $1.36 for the third quarter.
Comparable restaurant sales grew 4.3% during the third quarter of 2026.
The board approved a quarterly cash dividend of $0.75 per share, payable on December 29, 2026.
Texas Roadhouse reported second-quarter 2026 total revenue of $1.68 billion, up 11.1% from a year earlier, with comparable restaurant sales up 6.2%. Diluted earnings per share fell 0.7% to $1.85, as higher general and administrative and depreciation costs outweighed higher restaurant margin dollars, and the company also declared a $0.75 quarterly dividend.
Q2 net income attributable to the company was $121.9 million, down 1.7% from $124.1 million; diluted EPS was $1.85 versus $1.86.
Restaurant margin was 16.4% of restaurant and other sales, down 66 basis points, as commodity inflation of 7.0% and wage and other labor inflation of 3.9% were partly offset by higher sales.
Management updated 2026 expectations to commodity inflation of approximately 5% and an effective tax rate of approximately 14%; capital expenditures of approximately $400 million were reiterated.
The board approved a $0.75 per share quarterly dividend, payable September 29, 2026, to holders of record on September 1, 2026.
Texas Roadhouse reported first-quarter 2026 revenue of $1.63 billion, up 12.8% from a year earlier, and diluted earnings per share of $1.87, up 9.6%. Restaurant margin fell 36 basis points to 16.3% as commodity and labor inflation rose, and management raised its 2026 commodity inflation estimate to 6% to 7%. The company also declared a $0.75 quarterly dividend payable June 30, 2026.
Total revenue $1,633,166 thousand vs. $1,447,648 thousand; net income attributable to the company $123.4 million vs. $113.7 million
Comparable restaurant sales rose 7.1%; comparable sales in the first five weeks of Q2 rose 6.5%
Restaurant margin was 16.3% vs. 16.6%; 2026 commodity inflation expectation updated to 6% to 7%
Quarterly dividend of $0.75 per share payable June 30, 2026, to holders of record on June 2, 2026
Texas Roadhouse said its Board of Directors appointed Elizabeth K. Ingram, CEO and Chair of White Castle System, Inc., as a director on March 5, 2026. The Board determined she is independent under Nasdaq rules, and she will not initially serve on any Board committees, so the change is a board addition rather than a management change.
Appointed to the Board on March 5, 2026; the Board determined she is independent under Nasdaq listing rules.
Ms. Ingram has been CEO of White Castle System, Inc. since 2016 and Chair since 2021, per the 8-K; the press release says she has led White Castle since 2015.
She will not initially serve on any Board committees and has served on the M/I Homes, Inc. (NYSE: MHO) board since 2019.
The 8-K calls her Elizabeth K. Ingram, while the press release calls her Lisa Ingram.
Texas Roadhouse reported fourth-quarter 2025 total revenue of $1.48 billion, up 3.1%, but diluted earnings per share fell 26.1% to $1.28 as restaurant margin dropped on commodity inflation and the lapping of an extra week in the prior year. For fiscal 2025, revenue rose 9.4% to $5.88 billion while diluted EPS fell 5.8% to $6.10. The board also increased the quarterly dividend to $0.75 per share, and management said comparable restaurant sales rose 8.2% in the first seven weeks of 2026.
Q4 2025 total revenue $1.48 billion, up 3.1%; diluted EPS $1.28 vs. $1.73 a year earlier, down 26.1%
Fiscal 2025 diluted EPS $6.10 vs. $6.47, down 5.8%; fiscal revenue $5.88 billion, up 9.4%
Q4 restaurant margin 13.9% of sales vs. 17.0%; commodity inflation of 9.5% cited
Quarterly dividend of $0.75 per share payable March 31, 2026, to holders of record March 17, 2026
Kathleen M. Widmer notified Texas Roadhouse's Board on February 11, 2026, that she is retiring from the Board effective immediately to focus on a new business venture. The filing says her decision was not due to any disagreement with the Company on its operations, policies or practices.
Kathleen M. Widmer retires from the Board effective immediately, per notice dated February 11, 2026
Filing states the departure was not due to any disagreement with the Company
Widmer served nearly 13 years on the Board; the Company thanked her for her service
Texas Roadhouse's Compensation Committee adjusted 2026 pay for its named executive officers on December 30, 2025, under their existing employment agreements. Jerry Morgan's base salary is $1,475,000, with a target bonus of $1,475,000 and a long-term restricted stock unit award of $11,000,000, and the company says the increases are aligned with its support center compensation targets.
Jerry Morgan 2026 base salary set at $1,475,000 effective January 8, 2026; bonus target $1,475,000, range $0 to $2,950,000
Morgan received a $2,200,000 service-based RSU grant, a $2,200,000 target performance-based RSU grant, and an $11,000,000 long-term RSU grant
Performance-based RSUs tied to 33% EPS growth over fiscal 2025 and pre-tax profits, vesting January 8, 2029
Grants are dated January 8, 2026; most service-based RSUs vest January 8, 2027
Texas Roadhouse appointed Michael Lenihan as its Chief Financial Officer effective December 3, 2025, and promoted Keith Humpich to Chief Accounting and Financial Services Officer. The filing also sets out employment terms for both executives, including base salaries and a restricted stock unit grant for Lenihan. The changes concern the company's finance leadership and do not include reported financial results.
Michael Lenihan, age 52, becomes CFO effective December 3, 2025, previously CFO and Chief U.S. Development Officer at CKE Restaurants Holdings
Lenihan's base salary is $630,000 annually; he will receive service-based restricted stock units equal to $500,000 divided by the December 2, 2025 closing price, vesting January 8, 2027
Keith Humpich, age 55, is promoted to Chief Accounting and Financial Services Officer effective December 3, 2025, with a base salary of $420,000 and a base target bonus of $300,000 prorated for December 2025
Texas Roadhouse reported third-quarter 2025 revenue of $1.44 billion, up 12.8%, but diluted earnings per share fell 0.8% to $1.25 and income from operations fell 5.0%. The company raised its 2025 commodity inflation expectation to approximately 6% and declared a quarterly dividend of $0.68 per share, payable December 30, 2025, and it gave initial 2026 expectations.
Q3 total revenue was $1,436,342 thousand, up 12.8%, while net income attributable to the company was $83,172 thousand, down 1.5%.
Comparable restaurant sales at company restaurants rose 6.1%, and restaurant margin as a percentage of sales fell 168 basis points to 14.3%.
2025 commodity inflation was updated to approximately 6%; the effective tax rate expectation is approximately 14.5%.
The $0.68 dividend is payable December 30, 2025, to shareholders of record at the close of business on December 2, 2025.
Texas Roadhouse's board appointed Gerald Morgan as Executive Vice Chairman while he continues as CEO, and named Lloyd Paul Marshall as Chief Growth Officer, both effective August 14, 2025. The board also expanded to nine members and added President of International Hugh J. Carroll, who plans to retire at the end of 2025, and retitled Christopher C. Colson as Chief Business and Administrative Officer.
Gerald L. Morgan appointed Executive Vice Chairman effective August 14, 2025; he continues as Chief Executive Officer, and the filing links the move to long-term succession planning
Lloyd Paul Marshall, age 56, appointed Chief Growth Officer effective August 14, 2025, with an annual base salary of $630,000 and a base target bonus of $525,000 prorated for 2025
Board increased to nine members and Hugh J. Carroll, age 68, appointed a director; he will retire from the Company at the end of the 2025 calendar year
Christopher C. Colson's title changed to Chief Business and Administrative Officer effective August 14, 2025; he will oversee international franchising and development after Carroll's retirement
Texas Roadhouse reported second-quarter 2025 results for the 13 weeks ended July 1, 2025, with total revenue up 12.7% to $1.51 billion and diluted earnings per share up 4.0% to $1.86. Restaurant margin as a percentage of sales fell 108 basis points to 17.1% as commodity and labor inflation rose, and management raised its 2025 commodity inflation estimate to approximately 5%.
Total revenue was $1,512,054,000 versus $1,341,202,000 a year earlier, and net income attributable to the company rose 3.3% to $124,085,000.
Comparable restaurant sales at company restaurants rose 5.8%, and comparable sales for the first five weeks of the third quarter rose 5.3%.
Management raised its 2025 commodity inflation estimate to approximately 5% and kept its capital expenditure estimate at approximately $400 million.
The board approved a quarterly dividend of $0.68 per share, payable September 30, 2025, to holders of record on September 2, 2025.
Texas Roadhouse said Chief Financial Officer D. Christopher Monroe separated from the company effective June 9, 2025, in a termination without cause that the company said did not result from any disagreement over operations, policies, or financial condition. Principal accounting officer Keith Humpich was named interim CFO, and the board is conducting a national search for a permanent successor.
Monroe's separation agreement provides total payments of $883,568, including $630,000 in base salary and $228,699 in prorated target bonus.
Humpich, 55, will receive a $100,000 stipend per fiscal quarter while serving as interim CFO, plus $400,000 in restricted stock units for his 2025 service as Vice President of Finance, vesting July 2, 2026.
The board is conducting a national search for a new Chief Financial Officer through an executive search process.
Texas Roadhouse reported first-quarter 2025 results for the 13 weeks ended April 1, 2025, with total revenue up 9.6% to $1.45 billion and diluted earnings per share up 1.0% to $1.70. Comparable restaurant sales rose 3.5%, down from 8.4% a year earlier, and the company raised its 2025 commodity cost inflation estimate to about 4%. The board also approved a quarterly dividend of $0.68 per share.
Total revenue $1,447,648 thousand, up 9.6% from $1,321,217 thousand; net income attributable to the company $113,662 thousand, up 0.4%
Diluted EPS $1.70 vs. $1.69 a year earlier; restaurant margin 16.6% of sales, down 77 basis points
Comparable restaurant sales at company restaurants for the first five weeks of Q2 2025 rose 5.0%
Quarterly dividend of $0.68 per share payable July 1, 2025, to shareholders of record June 3, 2025
Texas Roadhouse entered a new five-year, unsecured revolving credit agreement on April 24, 2025, with a syndicate of lenders led by JPMorgan Chase Bank and PNC Bank, and terminated its prior credit facility from August 7, 2017. The company can borrow up to $450.0 million, with an option to increase by $250.0 million subject to lender approval, and no amounts were drawn on either facility. The filing describes new borrowing costs tied to net leverage and financial covenants that must be met for lenders to extend credit.
Facility allows borrowing up to $450.0 million, with an option to increase by $250.0 million subject to lender approval
Matures April 24, 2030; interest at Term SOFR plus a 0.10% fixed adjustment and a 1.00% to 1.75% variable adjustment
Covenants: minimum fixed charge coverage ratio of 2.00 to 1.00 and maximum leverage ratio of 3.00 to 1.00
Prior facility terminated; no borrowings outstanding on either facility, and fees were paid from cash on hand
Texas Roadhouse reported fourth-quarter 2024 revenue of $1.44 billion, up 23.5%, and diluted earnings per share of $1.73, up 60.1%, in a 14-week quarter versus 13 weeks a year earlier. The Board also raised the quarterly dividend 11% to $0.68 per share and authorized a $500 million buyback that replaces a $300 million program, while amending its bylaws to adopt majority voting for uncontested director elections.
Q4 2024 revenue $1.44 billion vs. $1.16 billion; fiscal 2024 revenue $5.37 billion, up 16.0%
Q4 diluted EPS $1.73 vs. $1.08; fiscal 2024 diluted EPS $6.47 vs. $4.54
Quarterly dividend of $0.68 per share, payable April 1, 2025, to holders of record March 18, 2025
$500 million buyback begins February 24, 2025, with no expiration date; 2025 commodity cost inflation outlook updated to 3% to 4%
On December 27, 2024, Texas Roadhouse entered into new employment agreements with six senior officers, including CEO Jerry Morgan, effective January 8, 2025, with initial terms ending January 7, 2028. The filing sets 2025 base salaries, target bonuses tied to EPS growth and pre-tax profits, and large equity grants, including performance-based awards with EPS growth targets through 2027.
CEO Jerry Morgan's 2025 base salary is $1,400,000, with a target bonus of $1,400,000 and a maximum of $2,800,000.
Morgan's 2025 restricted stock units are valued at $2,100,000, and his performance-based restricted stock units have a target value of $6,300,000.
Performance-based awards use EPS growth targets of 10% (2025), 21% (two-year) and 33% (three-year) versus fiscal 2024.
Agreements supersede prior contracts, and severance pay is tied to termination events, with enhanced terms after a change in control.
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