Texas Roadhouse, Inc. (NASDAQ:TXRH) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET

Company Participants

Michael Bailen - Head, IR

Jerry Morgan - CEO

Chris Monroe - CFO

Conference Call Participants

Chris Carril - RBC Capital Markets

Andy Barish - Jefferies

Gregory Francfort - Guggenheim

Jeff Farmer - Gordon Haskett

Chris O’Cull - Stifel

Andrew Strelzik - BMO Capital Markets

Joshua Long - Stephens

Sara Senatore - Bank of America

Dennis Geiger - UBS

Brian Harbor - Morgan Stanley

Brian Vaccaro - Raymond James

Jon Tower - Citi

Drew North - Baird

Jim Sanderson - Northcoast Research

Lauren Silberman - Deutsche Bank

Jake Bartlett - Truist

Operator

Good evening and welcome to the Texas Roadhouse Third Quarter Earnings Conference Call. Today’s call is being recorded. All participants are now in a listen-only mode. After the speakers’ remarks, there will be a question-and-answer session. [Operator instructions].

I would now like to introduce Michael Bailen, Head of Investor Relations for Texas Roadhouse. You may begin your conference.

Michael Bailen

Thank you, Emma and good evening. By now, you should have access to our earnings release for the third quarter ended September 26, 2023. It may also be found on our website at texasroadhouse.com in the Investors section.

I would like to remind everyone that part of our discussion today will include forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer all of you to our earnings release and our recent filings with the SEC.

These documents provide a more detailed discussion of the relevant factors that could cause actual results to differ materially from those forward-looking statements. In addition, we may refer to non-GAAP measures. If applicable, reconciliations of the non-GAAP measures to the GAAP information can be found in our earnings release.

On the call with me today is Jerry Morgan, Chief Executive Officer of Texas Roadhouse, and Chris Monroe, our Chief Financial Officer. Following the prepared remarks, we will be available to answer your questions. In order to accommodate everyone that would like to ask a question, we kindly ask analysts to please limit yourself to one question.

Now, I'd like to turn the call over to Jerry.

Jerry Morgan

Thanks, Michael and good evening, everyone. We have nearly completed our annual fall tour where we visit with more than 700 operators from all three concepts. As I mentioned last quarter, this is one of the highlights of my year as it gives us the opportunity to interact directly with all our managing partners across the country.