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MarketBeat

Business

Peter Frank

Despite Record Sales, Texas Roadhouse Has Beef With Beef Costs

Texas Roadhouse United States Inflation

On Aug. 6, Texas Roadhouse (NASDAQ: TXRH) posted the best sales quarter in its history—and investors didn’t like it.

Texas Roadhouse generated record average weekly sales in the second quarter, while comparable sales rose 6.2% and customer traffic remained positive. But since the report was released, shares have retreated sharply from their summer high as restaurant stocks contend with concerns about consumer spending, inflation and rising operating costs.

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