Jeffrey Farmer's questions to Texas Roadhouse Inc (TXRH) leadership • Q3 2024
Question
Jeffrey Farmer of Gordon Haskett followed up on the managing partner tour, asking for any interesting or unexpected feedback from operators, particularly concerning pricing power and consumer demand across different income levels.
Answer
CEO Gerald Morgan responded that the conversations were largely focused on internal matters and that feedback on the recent 0.9% price increase has been positive with no pushback. He characterized the overall sentiment from operators as very positive, driven by the company's current success and a shared focus on continuous improvement.