Texas Roadhouse posts Q3 2026 earnings miss and raises 2026 capex
Texas Roadhouse reported third‑quarter 2026 revenue of $1.57 billion and diluted EPS of $1.36, both falling short of Wall Street estimates. Net income rose to $89.36 million year over year. The company announced it will open about 35 company‑owned restaurants in 2026 and another 35 in 2027, and increased its 2026 capital‑expenditure budget to roughly $440 million. Analysts adjusted price targets in response to the miss and the higher spending plan.
Why it matters
BMO Capital lowered its price target to $190, citing the earnings miss. BTIG kept a Buy rating with a $220 target, noting the capex increase and expected same‑store sales recovery.
Key facts
- 1Q3 2026 revenue was $1.57 billion. finance.yahoo.com
- 2Diluted EPS for the quarter was $1.36. finance.yahoo.com
- 3Net income attributable to Texas Roadhouse was $89.36 million. tradingview.com
- 4Company comparable restaurant sales grew 4.3%. tradingview.com
- 5The company plans to open about 35 company‑owned locations in 2026 and about 35 in 2027. finance.yahoo.com
- 62026 capital expenditure forecast was raised to approximately $440 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.