Texas Roadhouse Q1 2026: 7.1% comp sales growth offset by 6.2% beef inflation, margin squeeze

Filed May 8, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue rose 12.8% to $1.63B on 7.1% comp sales (4.5% traffic, 2.6% check) and 5.7% store week growth. Net income up 8.6% to $123.4M, EPS $1.87 (+9.6%). Strong traffic momentum despite pricing.

  MD&A: Q1 2026 Performance verify on EDGAR →
• high

  Commodity inflation hit 6.2% in Q1 driven by beef costs (half of food spend). Food costs rose to 35.3% of sales from 34.1%. Management expects 6-7% inflation for full year 2026, with 65% of costs locked.

  MD&A: Commodity Inflation verify on EDGAR →
• high

  Restaurant margin compressed 30 bps to 16.3% as 6.2% commodity inflation and 3.8% wage inflation outpaced pricing. Margin dollars still grew 10.5% to $264.4M on volume strength.

  MD&A: Restaurant Margin verify on EDGAR →