Texas Roadhouse misses views

Investor's Business Daily

The steakhouse operator said it earned 24 cents a share in Q3, down 5% from last year and a penny below views. Revenue rose 8% to $334.7 mil, also missing forecasts. Texas Roadhouse (TXRH) cited higher pre-opening costs vs. last year due to more planned restaurant openings. Comp-store sales increased 2.6% at company-owned restaurants and 4% at franchise locations. Shares rose 1.4% to 28.30.

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