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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.34B | 1.5% |
Gross Profit | 186M | 6.6% |
Cost of Revenue | 1.16B | 0.8% |
Operating expense | 261M | 2.5% |
Net Income | 120M | 6.1% |
EBITDA | 192M | 5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.86B | 1.1% |
Total Liabilities | 1.58B | 1.4% |
Total Equity | 1.26B | 4.6% |
Shares Outstanding | 67M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 134M | 45% |
Cash from investing | -71M | 4.3% |
Cash from financing | -78M | 31.7% |
EPS
Financial Highlights for Texas Roadhouse in Q2 '24
Texas Roadhouse reported a revenue of 1.34B, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 186M, marking a 6.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.16B, a 0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 261M, showing a 2.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 120M, showing a 6.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 192M, showing a 5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Texas Roadhouse with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.