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Texas Roadhouse TXRH Pre-opening costs

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Other financials

Income statement

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Revenue$1.7B+11.1%
Operating income$142.8M-2.4%
Net income$124.5M-1.7%
EPS (diluted)$1.85-0.5%

Balance sheet

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Cash & equivalents$202.4M+14.5%
Total debt$1.1B+17.8%
Total equity$1.6B+7.4%
Total assets$3.7B+12.8%

Cash flow

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Operating cash flow$180.1M+40.5%
CapEx$98.7M+6.7%
Free cash flow$81.5M+128%

Valuation

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Market cap$13.68B+11.9%
Enterprise value$14.57B+12.2%
P/E32.4×+5.1×
P/S2.2×0.0×

Profitability

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Gross margin67.6%
Operating margin7.7%-1.5pp
Net margin6.8%-1.1pp
FCF margin6.5%-0.1pp

Returns & leverage

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Return on equity28.1%-5.0pp
Debt / equity0.7×+0.1×
Current ratio0.5×0.0×

Where this comes from

Reported directly by Texas Roadhouse in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The source filing: Texas Roadhouse’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 9:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092408
Labor544,001495,0491,078,620975,024
Rent25,24723,02849,96045,505
Other operating237,020217,230465,646424,845
Pre-opening8,4925,46415,12812,276
Depreciation and amortization58,34150,744115,18499,544
Impairment and closure, net153111153139
General and administrative72,40962,763133,495118,980
Total costs and expenses1,537,1881,365,7133,024,0132,678,628

Item 1. — Financial Statements (Unaudited) — Texas Roadhouse, Inc. and Subsidiaries

FAQ

What is Texas Roadhouse's pre-opening costs?
Texas Roadhouse (TXRH) reported pre-opening costs of $8.49M in Q2 2026.
How has Texas Roadhouse's pre-opening costs changed year-over-year?
Texas Roadhouse's pre-opening costs increased by 55.4% year-over-year, from $5.46M to $8.49M.
What is the long-term trend for Texas Roadhouse's pre-opening costs?
Over 4 years (2021 to 2025), Texas Roadhouse's pre-opening costs has grown at a 3.1% compound annual growth rate (CAGR), from $24.34M to $27.5M.
What does pre-opening costs mean?
Pre-opening costs represent expenses incurred in the period leading up to the launch of a new restaurant location, including staff training, marketing, and initial inventory stocking. These are non-recurring costs associated with business expansion.

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