Shares of Texas Roadhouse soared to record highs as investors digested the casual dining company’s better-than-expected first-quarter results. While Texas Roadhouse surprised analysts with the numbers, how it got there was far from complicated, executives explained in a conference call. “… we’ve just keep doing what we’re doing, which is [being] very protective of our food quality and our price points and our flavor standards, same things you’ve heard forever and we kind of just stuck to that and continue to do that and gets work for us,” said Scott Colosi, president and chief financial officer. Shares were up as much as 11 percent to $51.22. The steakhouse chain reported comparable same-store sales gains of 3.1 percent year-over-year at company owned locations and 3.8 percent at domestic franchise units—around double the growth during the fourth quarter of 2016. – Source: fsrmagazine.com.
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