Texas Roadhouse, Inc. is a leading American restaurant chain known for its hand-cut steaks, fall-off-the-bone ribs, and family-friendly atmosphere. With a focus on transparency and a commitment to employees and guests, Texas Roadhouse continues to thrive in the restaurant industry.
Table of Contents
Detailed Company Profile
Texas Roadhouse, Inc., incorporated in 2004 under Delaware law, is headquartered at 6040 Dutchmans Lane, Louisville, Kentucky 42005. The company operates as a full-service, casual dining restaurant chain, emphasizing high-quality food, exceptional service, and a welcoming environment. Its principal executive office in Louisville reflects its deep roots in the American heartland.
Core Values and Culture
Since its founding in 1995, Texas Roadhouse has prioritized a culture that treats employees, guests, and communities with respect, appreciation, and fairness. This approach fosters employee satisfaction and guest loyalty, making restaurants neighborhood destinations through local marketing and community support.
Business Operations
The company operates multiple restaurant concepts, including Texas Roadhouse, Bubba’s 33, and Jaggers, each offering distinct dining experiences. Its strategy focuses on quality food, exceptional service, and a lively atmosphere to drive repeat business. Texas Roadhouse maintains a franchise system with agreements for restaurant development in numerous foreign countries and one U.S. territory.
Financial Performance
In 2024, Texas Roadhouse reported total revenue exceeding $5.3 billion, a 16.0% increase from 2023, driven by new store openings and a 53rd week in the fiscal year. Net income grew 42.2% to $435.6 million, reflecting strong restaurant margin dollars. Capital allocation included $354.3 million in capital expenditures, $162.9 million in dividends, and $79.8 million in stock repurchases.
Corporate Governance
The Board of Directors comprises eight members, seven of whom are independent. Key committees include the Audit Committee (12 meetings in 2024, chaired by Donna Epps), Compensation Committee (chaired by Michael A. Crawford), and Nominating and Corporate Governance Committee (chaired by Curtis A. Warfield). The Board oversees corporate policies, strategic initiatives, and risk management, including cybersecurity and sustainability.
Leadership
Gerald L. Morgan, with 28 years at the company, serves as CEO and joined the Board on June 19, 2021, following the passing of founder W. Kent Taylor. Other executives include Christopher C. Colson (Chief Legal and Administrative Officer) and Herman E. Mujica (Chief Technology Officer, appointed January 2023).
Sustainability and Community Engagement
The 2024 Corporate Sustainability Report, available at www.truett-kendall.com/sustainability, details efforts in people, planet, employees, and conservation. Community engagement includes local marketing and support for veterans.
Retail Initiatives
The launch of Texas Roadhouse Mini Rolls with Honey Cinnamon Butter at Wal-Mart in 2024 expanded the company’s retail presence.
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Business Segments
Texas Roadhouse operates three restaurant concepts, treated as operating segments for financial reporting. The CEO evaluates performance using restaurant margin. Below is a detailed breakdown.
1. Texas Roadhouse Restaurants
- Description: The flagship brand offers casual dining with hand-cut steaks, ribs, and American comfort foods. It includes company-owned and franchised locations.
- Operations: Focuses on quality food, service, and a lively atmosphere with line dancing and jukeboxes. Franchise agreements cover numerous foreign countries and one U.S. territory.
- Revenue: Restaurant and other sales, primarily from this segment, were $5.3 billion, up 16.0% from 2023. Franchise royalties and fees are also tied to this segment.
2. Bubba’s 33
- Description: A sports-bar-themed concept offering burgers, pizza, and craft beer, targeting a younger demographic.
- Operations: Combines quality food with a sports-centric environment.
- Revenue: Included in the $5.3 billion restaurant sales, likely a smaller portion due to fewer locations.
3. Jaggers
- Description: A fast-casual concept offering burgers, chicken sandwiches, and sides.
- Operations: Focuses on efficiency and quality for quick-service dining.
- Revenue: Part of the $5.3 billion restaurant sales, likely the smallest contributor.
Revenue Breakup (Estimated)
- Total Revenue: $5.3 billion, with restaurant and other sales at ~99% and franchise royalties and fees at <1%.
- Texas Roadhouse: ~90–95% ($4.77–$5.04 billion).
- Bubba’s 33: ~5–8% ($265–$424 million).
- Jaggers: ~2–5% ($106–$265 million).
- Limitations: The report consolidates segment revenue, so estimates are based on the dominance of Texas Roadhouse.
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Products and Services Offered
Texas Roadhouse offers a range of food, beverages, retail products, and franchise services. Below is a comprehensive list with available revenue details.
1. Food Menu
- Hand-Cut Steaks: Prepared fresh daily, including ribeye, sirloin, and filet.
- Fall-Off-the-Bone Ribs: Slow-cooked for tenderness.
- Burgers and Sandwiches: Offered across concepts, with Jaggers specializing in burgers and chicken sandwiches.
- Entrees and Sides: Includes chicken, seafood, salads, and sides like mashed potatoes.
- Children’s Menu: Smaller portions for guests 12 and under.
- Revenue: Restaurant sales were $5.3 billion, with to-go sales at 12.8% ($678.4 million).
2. Beverages
- Alcoholic: Draft beer, cocktails, and wine at Texas Roadhouse and Bubba’s 33, with annual licenses.
- Non-Alcoholic: Soft drinks, iced tea, and other beverages.
- Revenue: Included in $5.3 billion restaurant sales.
3. Retail Products
- Mini Rolls with Honey Cinnamon Butter: Launched at Wal-Mart in 2024.
- Revenue: Part of “other sales” within $5.3 billion.
4. Franchise Services
- Franchise Royalties and Fees: Earned from agreements in foreign countries and one U.S. territory.
- Revenue: <1% of total revenue.
5. To-Go Services
- Details: Average weekly to-go sales were $19,940 in 2024, up from $18,088 in 2023.
- Revenue: 12.8% of restaurant sales ($678.4 million).
Food Safety
Regular audits ensure compliance and quality, reviewed by operations teams.
Revenue Breakup (Estimated)
- Restaurant Sales: ~99% ($5.3 billion), with to-go at 12.8% ($678.4 million).
- Retail Products: Minor, not quantified.
- Franchise Royalties: <1% ($10–$20 million).
- Limitations: No specific splits for menu items or retail products.
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Company History
Texas Roadhouse was founded in 1995 with a vision for quality casual dining. Below is a detailed history.
Founding and Early Years (1995–2004)
- Founding: Established in 1995 by W. Kent Taylor, focusing on steaks, ribs, and a welcoming culture.
- Growth: Expanded through new restaurants and community engagement.
Incorporation and Public Listing (2004)
- Incorporation: Formed in 2004 under Delaware law.
- Public Listing: Listed on Nasdaq Global Select Market.
Expansion and Brand Development (2004–2021)
- Restaurant Growth: Expanded domestically and internationally via franchises.
- New Concepts: Introduced Bubba’s 33 and Jaggers.
- Leadership Transition: Gerald L. Morgan became CEO in 2021 after W. Kent Taylor’s passing.
Recent Developments (2021–2024)
- Financial Growth: Revenue reached $5.3 billion in 2024.
- Retail: Launched Mini Rolls at Wal-Mart.
- Sustainability: Advanced initiatives in the 2024 Corporate Sustainability Report.
- Leadership: Herman E. Mujica appointed Chief Technology Officer in 2023.
Milestones
- 1995: First restaurant opened.
- 2004: Went public.
- 2021: Leadership transition.
- 2024: Achieved $5.3 billion revenue.
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Brands
Texas Roadhouse operates three brands catering to different dining preferences.
1. Texas Roadhouse
- Description: Casual dining with steaks, ribs, and comfort foods in a lively setting.
- Menu: Steaks, ribs, burgers, salads, and beverages.
- Operations: Includes company-owned and franchised locations.
- Revenue: ~90–95% of $5.3 billion ($4.77–$5.04 billion, estimated).
2. Bubba’s 33
- Description: Sports-bar concept with burgers, pizza, and craft beer.
- Menu: Hearty foods and beverages.
- Revenue: ~5–8% ($265–$424 million, estimated).
3. Jaggers
- Description: Fast-casual with burgers and chicken sandwiches.
- Menu: Streamlined for quick service.
- Revenue: ~2–5% ($106–$265 million, estimated).
Revenue Breakup (Estimated)
- Texas Roadhouse: ~90–95%.
- Bubba’s 33: ~5–8%.
- Jaggers: ~2–5%.
- Limitations: No specific brand-level breakups.
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Geographical Presence
Texas Roadhouse operates across the U.S. and internationally.
1. United States
- Description: Primary market with company-owned and franchised restaurants.
- Locations: Headquartered in Louisville, Kentucky, with restaurants ~8,000 square feet.
- Revenue: ~95% ($5.04 billion, estimated).
2. International Markets
- Description: Franchise agreements in numerous foreign countries.
- Operations: Franchisees follow company standards.
- Revenue: <1% (franchise royalties, $10–$20 million, estimated).
3. U.S. Territory
- Description: Franchise agreement for one territory.
- Revenue: Negligible.
Revenue Breakup (Estimated)
- United States: ~95%.
- International: <1%.
- U.S. Territory: <0.1%.
- Limitations: No specific international data.
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Financial Statements
Below are the consolidated financial statements for 2024 in tables, with rows lacking data removed.
Consolidated Statement of Income (2024)
| Item | 2024 ($ thousands) | 2023 ($ thousands) |
|---|---|---|
| Restaurant and Other Sales | 5,300,000 (est.) | 4,570,000 (est.) |
| Franchise Royalties and Fees | 20,000 (est.) | 17,000 (est.) |
| Total Revenue | 5,320,000 | 4,587,000 |
| Net Income | 435,600 | 304,900 |
Consolidated Statement of Cash Flows (2024)
| Item | ($ thousands) |
|---|---|
| Net Income | 435,600 |
| Capital Expenditures | (354,300) |
| Dividends Paid | (162,900) |
| Repurchases of Common Stock | (79,800) |
Notes: Balance sheet data is unavailable due to truncation. Revenue and cash flow figures are estimated where necessary.
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
The report references subsidiaries but lacks a complete list.
Subsidiaries
- List: Includes restaurant and franchise entities.
- Details: Operate Texas Roadhouse, Bubba’s 33, and Jaggers.
- Revenue: Consolidated in $5.3 billion.
Wholly-Owned Subsidiaries
- Description: Likely include domestic restaurant operations.
- Revenue: Majority of $5.3 billion.
Associates
- Description: A majority-owned joint venture involving the CEO, details incomplete.
- Revenue: Negligible.
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Physical Properties
1. Corporate Support Center
- Location: 6040 Dutchmans Lane, Louisville, Kentucky.
- Purpose: Administrative hub and 2025 Annual Meeting venue.
2. Restaurants
- Description: ~8,000 square feet, owned or leased.
- Leases: Recognized as right-of-use assets.
- Revenue: Generate $5.3 billion.
3. Other Properties
- Greenville, TN Store: Highlighted for sustainability.
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Founder Details
W. Kent Taylor
- Role: Founded Texas Roadhouse in 1995.
- Contributions: Established a casual dining chain with a focus on quality and culture. Led until 2021.
- Legacy: Culture remains central, continued by Gerald L. Morgan.
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Conclusion
Texas Roadhouse achieved $5.3 billion in revenue and a 42.2% net income increase in 2024, driven by new stores and retail initiatives like Mini Rolls at Wal-Mart. Its brands—Texas Roadhouse, Bubba’s 33, and Jaggers—cater to diverse preferences, supported by a strong culture. Governance and sustainability efforts position the company for growth.
What is Texas Roadhouse, Inc. and what is its business focus?
Texas Roadhouse, Inc. is a casual dining restaurant chain headquartered in Louisville, Kentucky, focusing on hand-cut steaks, ribs, and a People-First culture. It operates Texas Roadhouse, Bubba’s 33, and Jaggers, emphasizing quality food, exceptional service, and a lively atmosphere to drive repeat business.
What are the business segments of Texas Roadhouse, Inc.?
Texas Roadhouse operates three business segments: Texas Roadhouse restaurants (casual dining with steaks and ribs), Bubba’s 33 (sports-bar-themed with burgers and pizza), and Jaggers (fast-casual with burgers and chicken sandwiches). Texas Roadhouse restaurants contribute approximately 90–95% of the $5.3 billion revenue in 2024.
What products and services does Texas Roadhouse offer?
Texas Roadhouse offers hand-cut steaks, ribs, burgers, salads, and beverages across its brands, plus to-go services (12.8% of 2024 restaurant sales, or $678.4 million). It also sells Mini Rolls with Honey Cinnamon Butter at Wal-Mart and earns franchise royalties from international and U.S. territory agreements.
What is the history of Texas Roadhouse, Inc.?
Founded in 1995 by W. Kent Taylor, Texas Roadhouse went public in 2004. It expanded with Bubba’s 33 and Jaggers, reaching $5.3 billion in revenue by 2024. After Taylor’s passing in 2021, Gerald L. Morgan became CEO, continuing the company’s focus on quality dining and community engagement.
What brands does Texas Roadhouse, Inc. operate?
Texas Roadhouse operates three brands: Texas Roadhouse (casual dining, ~90–95% of $5.3 billion revenue), Bubba’s 33 (sports-bar, ~5–8%), and Jaggers (fast-casual, ~2–5%). Each brand targets different dining preferences, with Texas Roadhouse being the primary revenue driver.
Where does Texas Roadhouse, Inc. have a geographical presence?
Texas Roadhouse operates primarily in the United States (~95% of $5.3 billion revenue), with company-owned and franchised restaurants. It also has franchise agreements in numerous foreign countries and one U.S. territory, contributing less than 1% of revenue through royalties.
What were Texas Roadhouse’s financial results in 2024?
In 2024, Texas Roadhouse reported $5.3 billion in revenue, a 16.0% increase from 2023, and net income of $435.6 million, up 42.2%. The company spent $354.3 million on capital expenditures, $162.9 million on dividends, and $79.8 million on stock repurchases.
What subsidiaries does Texas Roadhouse, Inc. have?
Texas Roadhouse has subsidiaries operating its restaurant brands (Texas Roadhouse, Bubba’s 33, Jaggers) and franchise entities. Wholly-owned subsidiaries likely cover domestic operations, contributing the majority of $5.3 billion revenue, while a joint venture involves the CEO.
What physical properties does Texas Roadhouse, Inc. own or lease?
Texas Roadhouse’s properties include its Louisville, Kentucky corporate support center and restaurants (~8,000 square feet, owned or leased). A Greenville, TN store is noted for sustainability. Restaurants generate the $5.3 billion revenue.
Who founded Texas Roadhouse, Inc.?
W. Kent Taylor founded Texas Roadhouse in 1995, establishing a casual dining chain focused on quality food and a welcoming culture. He led until his passing in 2021, with his legacy continued by CEO Gerald L. Morgan.
