Peter Saleh's questions to Texas Roadhouse Inc (TXRH) leadership • Q3 2024
Question
Peter Saleh from BTIG asked if recent severe weather impacted the strong same-store sales trajectory. He also sought clarification on the messaging around labor hour growth expectations for 2025.
Answer
CFO David Monroe acknowledged that storms caused temporary store closures but said sales saw a strong 'bounce back' afterward, resulting in minimal net impact on the quarter's robust comps. Regarding labor, CEO Gerald Morgan clarified they are not signaling a specific ratio for 2025 but affirmed that operators will staff their restaurants appropriately to handle high volumes, and the company will learn what the new ratio looks like as the year progresses.