Texas Roadhouse Sales Hold as Diners Pick Cheaper Beef Cuts

Texas Roadhouse Inc. shares climbed after the restaurant operator posted in-line first‑quarter results and signaled that sales momentum would continue as diners adjusted to higher prices and commodity-cost inflation moderates slightly.

Earnings per share came in at $1.87, slightly higher than consensus estimates, while company-owned same-store sales rose 7.1%, the most in five quarters. Its restaurant margin shrank less than forecast, with higher costs “partially offset” by higher sales, Texas Roadhouse said in a statement Thursday.