Texas Roadhouse Overcomes Obstacles to Grow
The restaurant industry has had a difficult time for the past couple of years as it has faced increased competition and concerns about oversaturation. Adding insult to injury, many restaurant chains have suffered from the hurricanes that hit the Gulf Coast and the Caribbean during the third quarter. Amid those difficult conditions, Texas Roadhouse (NASDAQ: TXRH) has stood out as a stalwart player in the industry, and that has inspired many shareholders to think that the steakhouse chain can succeed where its peers fail.
Coming into Monday's third-quarter financial report, Texas Roadhouse investors were hoping that the company would be able to deliver reasonably strong growth despite the headwinds it faced. Texas Roadhouse's results were consistent with those hopes, and the restaurant chain gave an outlook for 2018 that pointed toward continued momentum for the future. Let's look more closely at how Texas Roadhouse did and what's ahead for the steakhouse specialist.
Image source: Texas Roadhouse.
Source: Fool.com
Texas Roadhouse Inc. Stock
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