James Salera's questions to Texas Roadhouse Inc (TXRH) leadership • Q3 2024
Question
James Salera from Stephens Inc. asked a two-part question about menu mix. He inquired about the mix contribution in the quarter, specifically alcohol versus add-ons, and how the recent 0.9% price increase was distributed across the menu.
Answer
Executive Michael Bailen reported that Q3 mix was slightly negative by about 20 basis points, driven by negative alcohol mix, while entree, soft beverage, and add-on mix were all positive. CEO Gerald Morgan added that the 0.9% price increase was generally spread across the entire menu to achieve the overall percentage.