Texas Roadhouse, Inc. (NASDAQ:TXRH) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET

Company Participants

Michael Bailen - Head of Investor Relations
Gerald L. Morgan - Chief Executive Officer
Christopher Monroe - Chief Financial Officer

Conference Call Participants

David Palmer - Evercore ISI
David Tarantino - Baird
Brian Harbour - Morgan Stanley
Jeffrey Bernstein - Barclays
Peter Saleh - BTIG
Sara Senatore - Bank of America
Dennis Geiger - UBS
Jeff Farmer - Gordon Haskett
Lauren Silberman - Deutsche Bank
Andrew Strelzik - BMO Capital Markets
Gregory Francfort - Guggenheim Securities
Jim Sanderson - Northcoast Research
Jake Bartlett - Truist Securities
Brian Vaccaro - Raymond James

Operator

Good evening, and welcome to the Texas Roadhouse First 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, Brianna, and good evening. By now, you should have access to our earnings release for the first quarter ended March 26, 2024. 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.

Gerald L. Morgan

Thanks, Michael, and good evening, everyone. There is no doubt that 2024 is off to a great start with first quarter revenue over $1.3 billion and same-store sales growth of 8.4%. Our strong results continue to reflect our operators’ commitment to the consistency and quality of the food, the hospitality they provide, and our everyday value. The benefit of our long-term approach to the business and our focus on always prioritizing the guest experience is evident in the record sales, margin dollars, and net income for the first quarter.