Texas Roadhouse, Inc. announced that its Board of Directors authorized the payment of a cash dividend of $0.12 per share of common stock. This payment will be distributed on June 28, 2013, to shareholders of record at the close of business on June 12, 2013.

Texas Roadhouse, Inc. announced consolidated unaudited earnings results for the first quarter ended March 26, 2013. For the period, the company reported total revenue of $359,676,000 against $324,869,000 a year ago. Income from operations was $38,168,000 against $29,402,000 a year ago. Income before taxes was $37,753,000 against $28,838,000 a year ago. Net income attributable to the company and subsidiaries was $26,171,000 or $0.37 per diluted share against $18,869,000 or $0.27 per diluted share a year ago. Net cash provided by operating activities was $39,417,000 against $37,894,000 a year ago. Capital expenditures - property and equipment was $15,601,000 against $22,839,000 a year ago. Excluding the impact of a prior year charge, diluted earnings per share increased 19.8% to $0.37 from $0.31 in the prior year period. The first quarter 2012 results included a pre-tax charge of $5,000,000 ($3,100,000 after-tax) which had a negative $0.04 impact on diluted earnings per share. Comparable restaurant sales increased 3.5% at company restaurants and 4.5% at franchise restaurants. The company reported comparable restaurant sales for the first four weeks of second quarter of fiscal 2013. For the period, the company reported that comparable restaurant sales at company restaurants for the first four weeks of its second quarter of fiscal 2013 increased approximately 5.7% compared to the prior year period. The company reiterated earnings guidance for the fiscal year 2013. For the year, the company expects positive comparable restaurant sales growth. The company expects food cost inflation of 6.0% to 7.0%, an income tax rate of approximately 31.0%; and total capital expenditures of $100.0 to $105.0 million. The company expects approximately 28 company restaurant openings for the fiscal year 2013.

Texas Roadhouse, Inc., Q1 2013 Earnings Call, Apr 29, 2013