Latest news with #JerryMorgan
Associated Press
13-05-2025
- Business
- Associated Press
Texas Roadhouse Partners with West Madison Foods to Launch Line of Ready-to-Eat, Refrigerated Dips
Fans of one of America's leading casual dining restaurant chains1 can now get the flavors of their favorite appetizers at home CHICAGO, May 13, 2025 /PRNewswire/ -- West Madison Foods, producer of the country's top dairy dip, and Texas Roadhouse, Inc. (NasdaqGS: TXRH), one of America's top casual dining restaurant chains1, today announced the launch of Texas Roadhouse Dairy Dips. The new line features three irresistible dips that pay tribute to Texas Roadhouse's iconic appetizers. These ready-to-eat, refrigerated dips give foodies and snackers an exciting and delicious way to enjoy the flavors of their favorite appetizers in the comfort of home or on the go. So, kick off your boots and get ready to dig in – the three new dips, featuring an incredibly rich, smooth and creamy texture, will be yours for the taking only at Walmart beginning May 12. 'Texas Roadhouse continues to explore ways to engage with loyal guests and potential guests in the retail space,' said Texas Roadhouse CEO, Jerry Morgan. 'With the success of the Mini Rolls and our Buttery Spreads, dips inspired by our legendary appetizers felt like a natural fit.' The mouth-watering dip lineup includes three authentic varieties the whole family will enjoy, each available in 12 oz. tubs: Texas Roadhouse, known for its generous portions, reasonable prices and lively atmosphere, and West Madison Foods are launching these dips at an apt time, when consumers are eating out less frequently. Consumers still want to enjoy their favorite foods but are also seeking the biggest bang for their buck. The new dips are manufactured and distributed under license by West Madison Foods. About West Madison Foods West Madison Foods, based in Chicago, IL, was formed by Brynwood Partners in July 2023 to acquire a portfolio of brands from Ventura Foods. The portfolio includes the exclusive U.S. rights to the iconic Dean's® brand's dairy dips and Marie's® category-leading salad dressings, dips and spreads. For more information on West Madison Foods, please visit About Texas Roadhouse Based in Louisville, Kentucky, founded by Kent Taylor, Texas Roadhouse opened its doors in 1993 and has more than 721 locations in 49 states and 10 foreign countries. The family-friendly restaurant is famous for Hand-Cut Steaks, Made-From-Scratch Sides, Fresh-Baked Bread, and a lively atmosphere. In 2022, Texas Roadhouse was named one of Fortune Magazine's Most Admired Companies. Texas Roadhouse was also recognized as America's Customer Service Champions by USA Today in 2024. In addition to Texas Roadhouse, the company owns and operates Bubba's 33 and Jaggers, for more information, visit 1 Technomic Top 500 ranking of largest restaurant chains in the U.S. View original content to download multimedia: SOURCE West Madison Foods
Yahoo
13-05-2025
- Business
- Yahoo
Texas Roadhouse Partners with West Madison Foods to Launch Line of Ready-to-Eat, Refrigerated Dips
Fans of one of America's leading casual dining restaurant chains1 can now get the flavors of their favorite appetizers at home CHICAGO, May 13, 2025 /PRNewswire/ -- West Madison Foods, producer of the country's top dairy dip, and Texas Roadhouse, Inc. (NasdaqGS: TXRH), one of America's top casual dining restaurant chains1, today announced the launch of Texas Roadhouse Dairy Dips. The new line features three irresistible dips that pay tribute to Texas Roadhouse's iconic appetizers. These ready-to-eat, refrigerated dips give foodies and snackers an exciting and delicious way to enjoy the flavors of their favorite appetizers in the comfort of home or on the go. So, kick off your boots and get ready to dig in – the three new dips, featuring an incredibly rich, smooth and creamy texture, will be yours for the taking only at Walmart beginning May 12. "Texas Roadhouse continues to explore ways to engage with loyal guests and potential guests in the retail space," said Texas Roadhouse CEO, Jerry Morgan. "With the success of the Mini Rolls and our Buttery Spreads, dips inspired by our legendary appetizers felt like a natural fit." The mouth-watering dip lineup includes three authentic varieties the whole family will enjoy, each available in 12 oz. tubs: Cactus Blossom™ Dip—This dip tastes like a full bite of the fried onion dipped in Texas Roadhouse's famous Blossom sauce – a delightful Cajun style blend of onion, spices, and garlic! Rattlesnake Bites™ Dip—This dip tastes like the restaurant's jalapeno and cheese appetizer – a spicy kick of cheddar cheese, garlic, cayenne and bell peppers. Fried Pickle Dip—Tastes like the fried pickles appetizer, the mouth-watering flavor of golden-fried pickles in a dip form! Texas Roadhouse, known for its generous portions, reasonable prices and lively atmosphere, and West Madison Foods are launching these dips at an apt time, when consumers are eating out less frequently. Consumers still want to enjoy their favorite foods but are also seeking the biggest bang for their buck. The new dips are manufactured and distributed under license by West Madison Foods. About West Madison FoodsWest Madison Foods, based in Chicago, IL, was formed by Brynwood Partners in July 2023 to acquire a portfolio of brands from Ventura Foods. The portfolio includes the exclusive U.S. rights to the iconic Dean's® brand's dairy dips and Marie's® category-leading salad dressings, dips and spreads. For more information on West Madison Foods, please visit About Texas RoadhouseBased in Louisville, Kentucky, founded by Kent Taylor, Texas Roadhouse opened its doors in 1993 and has more than 721 locations in 49 states and 10 foreign countries. The family-friendly restaurant is famous for Hand-Cut Steaks, Made-From-Scratch Sides, Fresh-Baked Bread, and a lively atmosphere. In 2022, Texas Roadhouse was named one of Fortune Magazine's Most Admired Companies. Texas Roadhouse was also recognized as America's Customer Service Champions by USA Today in 2024. In addition to Texas Roadhouse, the company owns and operates Bubba's 33 and Jaggers, for more information, visit 1 Technomic Top 500 ranking of largest restaurant chains in the U.S. View original content to download multimedia: SOURCE West Madison Foods
Yahoo
09-05-2025
- Business
- Yahoo
Why Texas Roadhouse Stock Was Heating Up Today
Texas Roadhouse delivered solid comparable-sales growth in the first quarter, and said traffic accelerated into Q2. The company is facing rising costs, in part from the impact of tariffs. 10 stocks we like better than Texas Roadhouse › Shares of Texas Roadhouse (NASDAQ: TXRH) were moving higher today after the fast-casual restaurant chain delivered solid results in its first-quarter earnings report. As of 11:56 a.m. ET, the stock was up 5% on the news. The steakhouse chain, which has long been an outperformer on the stock market, said that comparable sales in the quarter were up 3.5%, driving overall revenue up 9.6% to $1.45 billion, which was slightly ahead of estimates at $1.44 billion. Restaurant-level margin fell 77 basis points to 16.6% due to inflation in food and wages, and earnings per share rose from $1.69 to $1.70, which was below estimates at $1.76. Despite the weaker-than-expected profit, the company reported positive traffic trends, with visits accelerating in March and the first five weeks of the second quarter. That was particularly encouraging at a time when a number of chains were complaining about declining traffic due to the weakening macroeconomic climate. CEO Jerry Morgan said, "We are pleased to report that our operators successfully navigated us through a number of challenges this quarter and once again delivered traffic growth across all three of our brands." Looking ahead, the company said comparable sales for the first five weeks of the second quarter were up 5%, which included a menu price increase of 1.4%. It also said it expected commodity cost inflation of 4%, including the estimated impact of tariffs, and reiterated positive comps for 2025, including higher prices. In a difficult environment for restaurants, that proved to be enough to push Texas Roadhouse stock higher. Before you buy stock in Texas Roadhouse, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Texas Roadhouse wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $617,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $719,371!* Now, it's worth noting Stock Advisor's total average return is 909% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Texas Roadhouse. The Motley Fool has a disclosure policy. Why Texas Roadhouse Stock Was Heating Up Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Texas Roadhouse Tops Comparable Sales Estimates Despite Rising Uncertainty
Shares of Texas Roadhouse (TXRH) rose in premarket trading Friday, a day after the steakhouse chain's comparable sales results and outlook came in above analysts' estimates. Texas Roadhouse reported first-quarter comparable sales at company restaurants rose by 3.5%, while analysts polled by Visible Alpha had expected 3.0% growth. The restaurant operator added they are up 5% for the first five weeks of the current quarter after it increased prices by roughly 1.4% in April, while analysts are looking for 4.1% growth for Q2. The Louisville, Ky.-based chain reported earnings per share of $1.70 on revenue that rose 10% year-over-year to $1.45 billion. Analysts had expected $1.76 and $1.44 billion, respectively. The company now sees 2025 "commodity cost inflation of approximately 4%, including the estimated impact of tariffs." Last quarter, the company said it expected commodity cost inflation of 3% to 4% this year. "We are pleased to report that our operators successfully navigated us through a number of challenges this quarter and once again delivered traffic growth across all three of our brands," CEO Jerry Morgan said. "During this period of economic uncertainty, as always, we remain focused on the fundamentals of our business and on what we can control, which is creating an environment where our Roadies want to work and our guests want to dine." Shares advanced less than 2% before the opening bell. They entered Friday down about 4% since the start of the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Texas Roadhouse's (NASDAQ:TXRH) Q1 Sales Top Estimates
Restaurant company Texas Roadhouse (NASDAQ:TXRH) beat Wall Street's revenue expectations in Q1 CY2025, with sales up 9.6% year on year to $1.45 billion. Its GAAP profit of $1.70 per share was 3.4% below analysts' consensus estimates. Is now the time to buy Texas Roadhouse? Find out in our full research report. Revenue: $1.45 billion vs analyst estimates of $1.44 billion (9.6% year-on-year growth, 0.6% beat) EPS (GAAP): $1.70 vs analyst expectations of $1.76 (3.4% miss) Adjusted EBITDA: $196.1 million vs analyst estimates of $188.4 million (13.5% margin, 4.1% beat) Operating Margin: 9.3%, in line with the same quarter last year Free Cash Flow Margin: 11.1%, down from 12.5% in the same quarter last year Locations: 792 at quarter end, up from 753 in the same quarter last year Same-Store Sales rose 3.5% year on year (8.1% in the same quarter last year) Market Capitalization: $11.38 billion Jerry Morgan, Chief Executive Officer of Texas Roadhouse, Inc., commented, 'We are pleased to report that our operators successfully navigated us through a number of challenges this quarter and once again delivered traffic growth across all three of our brands. During this period of economic uncertainty, as always, we remain focused on the fundamentals of our business and on what we can control, which is creating an environment where our Roadies want to work and our guests want to dine.' With locations often featuring Western-inspired decor, Texas Roadhouse (NASDAQ:TXRH) is an American restaurant chain specializing in Southern-style cuisine and steaks. A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. With $5.5 billion in revenue over the past 12 months, Texas Roadhouse is one of the larger restaurant chains in the industry and benefits from a well-known brand that influences consumer purchasing decisions. As you can see below, Texas Roadhouse grew its sales at an impressive 13.9% compounded annual growth rate over the last six years (we compare to 2019 to normalize for COVID-19 impacts) as it opened new restaurants and increased sales at existing, established dining locations. This quarter, Texas Roadhouse reported year-on-year revenue growth of 9.6%, and its $1.45 billion of revenue exceeded Wall Street's estimates by 0.6%. Looking ahead, sell-side analysts expect revenue to grow 8.1% over the next 12 months, a deceleration versus the last six years. Despite the slowdown, this projection is above the sector average and implies the market is forecasting some success for its newer menu offerings. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. A restaurant chain's total number of dining locations often determines how much revenue it can generate. Texas Roadhouse sported 792 locations in the latest quarter. Over the last two years, it has opened new restaurants at a rapid clip by averaging 6.1% annual growth, among the fastest in the restaurant sector. When a chain opens new restaurants, it usually means it's investing for growth because there's healthy demand for its meals and there are markets where its concepts have few or no locations. A company's restaurant base only paints one part of the picture. When demand is high, it makes sense to open more. But when demand is low, it's prudent to close some locations and use the money in other ways. Same-store sales provides a deeper understanding of this issue because it measures organic growth at restaurants open for at least a year. Texas Roadhouse has been one of the most successful restaurant chains over the last two years thanks to skyrocketing demand within its existing dining locations. On average, the company has posted exceptional year-on-year same-store sales growth of 7.9%. This performance suggests its rollout of new restaurants is beneficial for shareholders. We like this backdrop because it gives Texas Roadhouse multiple ways to win: revenue growth can come from new restaurants or increased foot traffic and higher sales per customer at existing locations. In the latest quarter, Texas Roadhouse's same-store sales rose 3.5% year on year. This was a meaningful deceleration from its historical levels. We'll be watching closely to see if Texas Roadhouse can reaccelerate growth. We enjoyed seeing Texas Roadhouse beat analysts' EBITDA expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street's estimates. On the other hand, its EPS missed. Overall, this print had some key positives. The stock traded up 1% to $174.50 immediately after reporting. Texas Roadhouse may have had a good quarter, but does that mean you should invest right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
