Gregory Francfort's questions to Texas Roadhouse Inc (TXRH) leadership • Q3 2024
Question
Gregory Francfort from Guggenheim Securities asked about the genesis of the recent franchise acquisition and whether the company is actively looking to acquire more franchised locations.
Answer
CEO Gerald Morgan explained that the deal was the culmination of a multi-year conversation with a long-term franchise partner, fulfilling an original intention from decades ago. He described it as a beneficial transaction for both parties and confirmed that they will continue to have discussions with other franchisees, promising to update investors if any further deals come to fruition.