Texas Roadhouse Inc (NASDAQ:TXRH) shares are trading higher after the company reported fourth-quarter results FY23.
Revenue rose 15.3% Y/Y to $1.164 billion, beating the consensus of $1.161 billion. Comparable restaurant sales rose 9.9% at company restaurants and 8.9% at domestic franchise restaurants.
Restaurant margin dollars grew 21.4% Y/Y to $176.7 million, led by higher sales, with restaurant margin expanding 75 basis points to 15.3% aided by higher sales.
Operating income rose 21.7% Y/Y to $83.8 million. EPS was $1.08, beating the consensus of $1.06.
The company opened 12 company restaurants and seven franchise …