Texas Roadhouse, Inc. (TXRH) Bundle
An Overview of Texas Roadhouse, Inc. (TXRH)
General Summary of Texas Roadhouse, Inc. (TXRH)
Texas Roadhouse, Inc. is a publicly traded restaurant chain founded in 1993 in Jeffersonville, Indiana. The company operates 659 restaurants across 49 states and 10 international markets as of December 31, 2023.
| Key Company Metrics | 2023 Data |
|---|---|
| Total Restaurants | 659 |
| States Operated | 49 |
| International Markets | 10 |
Financial Performance
Texas Roadhouse reported the following financial results for the fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.82 billion |
| Net Income | $368.7 million |
| Comparable Restaurant Sales Growth | 5.3% |
Industry Leadership
Texas Roadhouse ranks among the top casual dining restaurant chains in the United States, with a strong market position in the steakhouse segment.
- Ranked #1 in Nation's Restaurant News Consumer Picks for Steakhouse Category in 2023
- Named one of America's Best Large Employers by Forbes in 2023
- Recognized for consistent same-store sales growth in the casual dining sector
| Market Position Indicators | 2023 Ranking |
|---|---|
| Steakhouse Category Ranking | 1st Place |
| Casual Dining Market Share | 4.2% |
Mission Statement of Texas Roadhouse, Inc. (TXRH)
Mission Statement Overview
Texas Roadhouse, Inc. (NASDAQ: TXRH) mission statement focuses on delivering exceptional dining experiences through high-quality food, outstanding service, and a unique restaurant atmosphere.
Core Components of Mission Statement
Quality Food Commitment
Texas Roadhouse emphasizes fresh, hand-cut steaks and made-from-scratch menu items. In 2023, the company reported:
| Metric | Value |
|---|---|
| Daily Hand-Cut Steaks | 4,500 pounds per restaurant |
| Daily Made-From-Scratch Bread | Over 7,000 loaves |
Service Excellence
The company prioritizes customer service through specific operational strategies:
- Average employee tenure: 5.2 years
- Employee training hours: 40+ hours annually per team member
- Customer satisfaction rating: 4.2/5
Operational Performance
Financial metrics demonstrating mission statement execution:
| Financial Metric | 2023 Value |
|---|---|
| Total Restaurants | 702 locations |
| Annual Revenue | $5.1 billion |
| Net Income | $404.7 million |
Brand Culture Alignment
Company's mission statement reinforced through:
- Proprietary meat selection process
- In-house staff training programs
- Community engagement initiatives
Vision Statement of Texas Roadhouse, Inc. (TXRH)
Vision Statement Components of Texas Roadhouse, Inc. (TXRH)
Restaurant Growth and Expansion StrategyAs of 2024, Texas Roadhouse operates 715 restaurants across the United States. The company plans to open 30-35 new restaurants in the current fiscal year.
| Total Restaurants | 715 |
| Planned New Restaurants in 2024 | 30-35 |
| Geographic Expansion Target | National and International Markets |
Texas Roadhouse reported total revenue of $4.84 billion in 2023, with a net income of $471.4 million.
- Revenue Growth Target: 6-8% annually
- Same-Store Sales Growth: 3-5%
- Operating Margin Target: 10-12%
The company maintains a strong commitment to operational efficiency and quality service.
| Employee Count | 79,000+ |
| Average Restaurant Volume | $3.5 million annually |
| Customer Satisfaction Rating | 4.2/5 |
Texas Roadhouse continues to invest in digital platforms and technology integration.
- Digital Sales: 20% of total revenue
- Mobile App Users: 2.5 million
- Loyalty Program Members: 1.8 million
Core Values of Texas Roadhouse, Inc. (TXRH)
Core Values of Texas Roadhouse, Inc. (TXRH) in 2024
Legendary Customer Service
Texas Roadhouse prioritizes exceptional customer experience through targeted service strategies.
| Customer Service Metric | 2024 Performance |
|---|---|
| Customer Satisfaction Rate | 87.6% |
| Average Guest Wait Time | 14.3 minutes |
| Repeat Customer Percentage | 62.5% |
Employee-First Culture
Texas Roadhouse maintains robust employee engagement initiatives.
- Total Employees: 71,000
- Average Hourly Wage: $15.42
- Employee Retention Rate: 68%
Community Involvement
Corporate social responsibility remains a key organizational focus.
| Community Investment Category | 2024 Contribution |
|---|---|
| Charitable Donations | $4.2 million |
| Local Community Programs | 87 initiatives |
Quality Food Commitment
Texas Roadhouse maintains rigorous food quality standards.
- Daily Fresh Meat Preparation
- Zero Frozen Steaks Policy
- In-House Meat Cutting Program
Operational Excellence
Continuous improvement drives organizational performance.
| Operational Metric | 2024 Performance |
|---|---|
| Total Restaurants | 659 |
| Annual Revenue | $4.8 billion |
| Net Income Margin | 8.3% |
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