casual_dining

Financing

Texas Roadhouse buys 7 restaurants for $27M

The stores in Georgia and South Carolina were owned by longtime operator Texas Roadhouse Management.

Financing

Texas Roadhouse has no ‘silver bullet’ for inflation

The chain is focusing on building traffic and staff while doing its best to manage rising costs.

The chain will make multiple small adjustments in coming quarters to see how customers react.

Off-premise is booming at the 219-unit chain, but executives want to see it keep growing before airing major development plans.

The chain was hit harder than most by the COVID-19 variant in December and January, when an “unprecedented” number of its workers got sick.

Strong sales paired with higher prices have the chain set up for a big year, executives said.

Ledwith will step down in May after 18 years with the chain. He'll be replaced by SVP of Operations Christopher Pinsak.

Half of the chain’s restaurants have returned to around-the-clock service, and those stores are performing well. But it’s unclear when the rest will get there.

The 61-unit chain says it will be the first casual-dining brand in the U.S. to have one.

The restaurants are in six states in the Great Lakes and Northeast markets. The deal continues Brinker's strategy of operating more of its own stores.

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