Texas Roadhouse, Inc. (TXRH) Earnings: Q3 Fiscal 2026 Results

The quarter ended September 29, 2026 and Texas Roadhouse published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Texas Roadhouse uses a 52 or 53 week fiscal year. Q3 fiscal 2026 is the 13 weeks ended September 29, 2026. Fiscal 2024 had 53 weeks, so Q4 fiscal 2024 had 14 weeks against 13 in Q4 fiscal 2025.
• Texas Roadhouse reports no adjusted EPS. Its main non-GAAP measure is restaurant margin, restaurant and other sales less food and beverage, labor, rent and other operating costs.

Source: Texas Roadhouse Q3 fiscal 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 29, 2026. Figures as reported; checked against the release on November 10, 2026.

How Texas Roadhouse splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Texas Roadhouse's Texas Roadhouse restaurant and other sales revenue was $1.5 billion in Q3 fiscal 2026, up 9% from $1.3 billion in Q3 fiscal 2025, 93% of total revenue.
• Texas Roadhouse's Bubba's 33 restaurant and other sales revenue was $96.2 million in Q3 fiscal 2026, up 16% from $82.9 million in Q3 fiscal 2025, 6% of total revenue.
• Texas Roadhouse's Other (Jaggers and retail) revenue was $11.3 million in Q3 fiscal 2026, up 18% from $9.5 million in Q3 fiscal 2025, under 1% of total revenue.
• Texas Roadhouse's Royalties and franchise fees revenue was $7.2 million in Q3 fiscal 2026, down 1% from $7.2 million in Q3 fiscal 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first three quotes are Texas Roadhouse's fiscal 2026 outlook; the last is its initial fiscal 2027 capital expenditure figure. The release also gives 2026 wage and other labor inflation of 3.5% to 4.0% and a tax rate of approximately 13.0%.

In its Q3 fiscal 2026 release, Texas Roadhouse said:

“Comparable restaurant sales at company restaurants for the first five weeks of the fourth quarter of our 2026 fiscal year increased 1.5% compared to 2025. In addition, the Company implemented a menu price increase of approximately 1.0% at the beginning of the fourth quarter.”

“Store week growth of 5.0% to 5.5%, including the benefit from franchise acquisitions;”

“Commodity inflation of approximately 5.0%.”

“Total capital expenditures of approximately $425 million.”

Source: Texas Roadhouse Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the TXRH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenue and diluted EPS, each as first reported in that quarter's release. Every quarter shown has 13 weeks.

We do not hold a confirmed date for Texas Roadhouse's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Nov 5, 2026

Texas Roadhouse's total revenue rose 9.5% to $1,573.1 million in the 13 weeks ended September 29, 2026. Nearly all of it is restaurant and other sales at company restaurants ($1,565.9 million); royalties and franchise fees from its 103 franchise restaurants were $7.2 million. (Texas Roadhouse Q3 2026 release, Nov 5, 2026)

By concept, Texas Roadhouse restaurants brought in $1,458.4 million of restaurant and other sales, Bubba's 33 $96.2 million, and the Other group, which holds Jaggers and the retail business, $11.3 million. Texas Roadhouse restaurants made $215.3 million of the $228.6 million total restaurant margin. (Texas Roadhouse Form 10-Q, Q3 fiscal 2026, Nov 6, 2026)

Growth came from both price and size. Comparable restaurant sales rose 4.3%, and the 10-Q splits that into a 0.7% rise in guest traffic and a 3.6% rise in per person average check. Store weeks rose 5.1% on new openings and franchise restaurants Texas Roadhouse bought back. The CEO said traffic softened late in the quarter. (Texas Roadhouse Form 10-Q, Q3 fiscal 2026, Nov 6, 2026; Texas Roadhouse Q3 2026 release, Nov 5, 2026)

Average weekly sales at company restaurants were $163,980, of which $23,628 were to-go, against $157,325 and $21,409 a year earlier. Texas Roadhouse ended the quarter with 840 restaurants system-wide: 737 company restaurants and 103 franchise restaurants, including 65 international Texas Roadhouse franchises. (Texas Roadhouse Q3 2026 release, Nov 5, 2026)

Beef is the main cost input. Texas Roadhouse bought its beef primarily from four suppliers in the period, and commodity inflation was 2.0% in the quarter and 5.0% over 39 weeks. Food and beverage costs were 35.5% of restaurant and other sales, against 35.8% a year earlier. (Texas Roadhouse Form 10-Q, Q3 fiscal 2026, Nov 6, 2026; Texas Roadhouse Q3 2026 release, Nov 5, 2026)

Texas Roadhouse reports only GAAP EPS. Diluted EPS rose 8.6% to $1.36, which Texas Roadhouse attributes to higher restaurant margin dollars and share repurchases, partly offset by higher depreciation and amortization and higher general and administrative expenses. Depreciation and amortization rose to $60.3 million from $52.6 million. (Texas Roadhouse Q3 2026 release, Nov 5, 2026)

One charge stands out: impairment and closure costs were $3.6 million, against $140 thousand a year earlier. Most of it was a $3.5 million write-down of one underperforming Bubba's 33 restaurant, whose assets were cut from a carrying value of $4.1 million to $0.6 million. (Texas Roadhouse Q3 2026 release, Nov 5, 2026; Texas Roadhouse Form 10-Q, Q3 fiscal 2026, Nov 6, 2026)

Diluted shares fell to 65,785 thousand from 66,476 thousand. Texas Roadhouse paid $12.4 million to repurchase 62,919 shares in the quarter, and $296.8 million remained under its $500.0 million program. The effective tax rate was 12.2%, against 13.1%, mainly because of a larger FICA tip tax credit. (Texas Roadhouse Q3 2026 release, Nov 5, 2026; Texas Roadhouse Form 10-Q, Q3 fiscal 2026, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Texas Roadhouse gives an annual outlook in its release, framed as operating assumptions, not as revenue or EPS targets. For fiscal 2026 it now expects store week growth of 5.0% to 5.5%, wage and other labor inflation of 3.5% to 4.0%, commodity inflation of approximately 5.0%, a tax rate of approximately 13.0% and capital expenditures of approximately $440 million, along with positive comparable restaurant sales growth. (Texas Roadhouse Q3 2026 release, Nov 5, 2026)

Comparable restaurant sales for the first five weeks of Q4 fiscal 2026 rose 1.5%, and a menu price increase of approximately 1.0% took effect at the start of the quarter. The initial fiscal 2027 outlook calls for store week growth of 5.0% to 6.0%, commodity inflation of approximately 4.0%, wage and other labor inflation of approximately 3.0% and capital expenditures of approximately $425 million. (Texas Roadhouse Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Texas Roadhouse, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Texas Roadhouse's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning TXRH is on is TXRH a buy or a sell?, what analysts expect next is on the TXRH forecast, and what the company does is on the Texas Roadhouse, Inc. (TXRH) stock page.

Every number on this page can be traced to a document Texas Roadhouse published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.