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Segment Information | 6 Months Ended
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Jul. 01, 2025
Segment Information |
Segment Information | (12) Segment Information ​ Our chief operating decision maker (the "CODM") is the Chief Executive Officer. The CODM assesses the performance of the business and allocates resources at the concept level and as a result we have identified Texas Roadhouse, Bubba's 33, Jaggers, and our retail initiatives as separate operating segments. Our reportable segments are Texas Roadhouse and Bubba's 33. The Texas Roadhouse reportable segment includes the results of our company and franchise Texas Roadhouse restaurants. The Bubba's 33 reportable segment includes the results of our company Bubba's 33 restaurants. Our remaining operating segments, which include the results of our company and franchise Jaggers restaurants and the results of our retail initiatives, are included in Other. In addition, corporate-related assets, depreciation and amortization, and capital expenditures are also included in Other. The CODM uses restaurant margin as the primary financial measure for assessing the performance of our segments. Restaurant margin represents restaurant and other sales less restaurant-level operating costs, including food and beverage costs, labor, rent, and other operating costs. Restaurant margin is also used by our CODM to evaluate core restaurant-level operating efficiency and performance, assist in the evaluation of operating trends over time, and in making capital allocation decisions. Capital allocation decisions include approving new store openings and the refurbishment or relocation of existing restaurants. ​ In calculating restaurant margin, we exclude certain non-restaurant-level costs that support operations, including pre-opening and general and administrative expenses, but do not have a direct impact on restaurant-level operational efficiency and performance. We exclude pre-opening expenses as they occur at irregular intervals and would impact comparability to prior period results. We exclude depreciation and amortization expenses, substantially all of which relate to restaurant-level assets, as it represents a non-cash charge for the investment in our restaurants. We exclude impairment and closure expenses as we believe this provides a clearer perspective of the Company’s ongoing operating performance and a more useful comparison to prior period results. Restaurant margin as presented may not be comparable to other similarly titled measures of other companies in our industry. ​ Restaurant and other sales for all operating segments are derived primarily from food and beverage sales. We do not rely on any major customer as a source of sales and the customers and assets of our reportable segments are located predominantly in the United States. There are no material transactions between reportable segments. The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the 13 Weeks Ended July 1, 2025
​ | Texas Roadhouse | ​ | Bubba's 33 | ​ | Other | ​ | Total
Restaurant and other sales | $ | 1,408,769 | ​ | $ | 86,184 | ​ | $ | 9,021 | ​ | $ | 1,503,974
Restaurant operating costs (excluding depreciation and amortization) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and Beverage | ​ | 484,406 | ​ | ​ | 24,096 | ​ | ​ | 2,822 | ​ | ​ | 511,324
Labor | ​ | 461,640 | ​ | ​ | 30,632 | ​ | ​ | 2,777 | ​ | ​ | 495,049
Rent | ​ | 20,728 | ​ | ​ | 2,047 | ​ | ​ | 253 | ​ | ​ | 23,028
Other Operating | ​ | 200,411 | ​ | ​ | 15,056 | ​ | ​ | 1,763 | ​ | ​ | 217,230
Restaurant margin | $ | 241,584 | ​ | $ | 14,353 | ​ | $ | 1,406 | ​ | $ | 257,343
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | $ | 42,108 | ​ | $ | 4,572 | ​ | $ | 4,064 | ​ | $ | 50,744
Segment assets | ​ | 2,571,129 | ​ | ​ | 275,946 | ​ | ​ | 408,201 | ​ | ​ | 3,255,276
Capital expenditures | ​ | 76,515 | ​ | ​ | 12,949 | ​ | ​ | 3,059 | ​ | ​ | 92,523
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the 13 Weeks Ended June 25, 2024
​ | Texas Roadhouse | ​ | Bubba's 33 | ​ | Other | ​ | Total
Restaurant and other sales | $ | 1,252,247 | ​ | $ | 73,435 | ​ | $ | 7,960 | ​ | $ | 1,333,642
Restaurant operating costs (excluding depreciation and amortization) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and Beverage | ​ | 413,451 | ​ | ​ | 20,079 | ​ | ​ | 2,471 | ​ | ​ | 436,001
Labor | ​ | 409,387 | ​ | ​ | 26,412 | ​ | ​ | 2,413 | ​ | ​ | 438,212
Rent | ​ | 17,872 | ​ | ​ | 1,881 | ​ | ​ | 203 | ​ | ​ | 19,956
Other Operating | ​ | 182,975 | ​ | ​ | 12,504 | ​ | ​ | 1,383 | ​ | ​ | 196,862
Restaurant margin | $ | 228,562 | ​ | $ | 12,559 | ​ | $ | 1,490 | ​ | $ | 242,611
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | $ | 36,199 | ​ | $ | 3,944 | ​ | $ | 2,772 | ​ | $ | 42,915
Segment assets | ​ | 2,238,795 | ​ | ​ | 240,199 | ​ | ​ | 382,917 | ​ | ​ | 2,861,911
Capital expenditures | ​ | 65,103 | ​ | ​ | 10,573 | ​ | ​ | 2,130 | ​ | ​ | 77,806
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the 26 Weeks Ended July 1, 2025
​ | Texas Roadhouse | ​ | Bubba's 33 | ​ | Other | ​ | Total
Restaurant and other sales | $ | 2,760,988 | ​ | $ | 165,802 | ​ | $ | 17,526 | ​ | $ | 2,944,316
Restaurant operating costs (excluding depreciation and amortization) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and Beverage | ​ | 950,362 | ​ | ​ | 46,446 | ​ | ​ | 5,507 | ​ | ​ | 1,002,315
Labor | ​ | 910,328 | ​ | ​ | 59,171 | ​ | ​ | 5,525 | ​ | ​ | 975,024
Rent | ​ | 40,919 | ​ | ​ | 4,082 | ​ | ​ | 504 | ​ | ​ | 45,505
Other Operating | ​ | 392,510 | ​ | ​ | 28,968 | ​ | ​ | 3,367 | ​ | ​ | 424,845
Restaurant margin | $ | 466,869 | ​ | $ | 27,135 | ​ | $ | 2,623 | ​ | $ | 496,627
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | $ | 82,330 | ​ | $ | 8,879 | ​ | $ | 8,335 | ​ | $ | 99,544
Segment assets | ​ | 2,571,129 | ​ | ​ | 275,946 | ​ | ​ | 408,201 | ​ | ​ | 3,255,276
Capital expenditures | ​ | 137,858 | ​ | ​ | 25,908 | ​ | ​ | 6,146 | ​ | ​ | 169,912
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | For the 26 Weeks Ended June 25, 2024
​ | Texas Roadhouse | ​ | Bubba's 33 | ​ | Other | ​ | Total
Restaurant and other sales | $ | 2,488,385 | ​ | $ | 144,085 | ​ | $ | 15,324 | ​ | $ | 2,647,794
Restaurant operating costs (excluding depreciation and amortization) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and Beverage | ​ | 836,619 | ​ | ​ | 39,701 | ​ | ​ | 4,772 | ​ | ​ | 881,092
Labor | ​ | 809,326 | ​ | ​ | 51,718 | ​ | ​ | 4,715 | ​ | ​ | 865,759
Rent | ​ | 35,282 | ​ | ​ | 3,695 | ​ | ​ | 404 | ​ | ​ | 39,381
Other Operating | ​ | 363,383 | ​ | ​ | 24,242 | ​ | ​ | 2,879 | ​ | ​ | 390,504
Restaurant margin | $ | 443,775 | ​ | $ | 24,729 | ​ | $ | 2,554 | ​ | $ | 471,058
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | $ | 70,955 | ​ | $ | 7,811 | ​ | $ | 5,642 | ​ | $ | 84,408
Segment assets | ​ | 2,238,795 | ​ | ​ | 240,199 | ​ | ​ | 382,917 | ​ | ​ | 2,861,911
Capital expenditures | ​ | 132,933 | ​ | ​ | 18,533 | ​ | ​ | 4,012 | ​ | ​ | 155,478
​ A reconciliation of restaurant margin to income from operations is presented below. We do not allocate interest income, net and equity income from investments in unconsolidated affiliates to reportable segments. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | 13 Weeks Ended | ​ | 26 Weeks Ended
​ | July 1, 2025 | ​ | June 25, 2024 | ​ | July 1, 2025 | ​ | June 25, 2024
Restaurant margin | $ | 257,343 | ​ | $ | 242,611 | ​ | $ | 496,627 | ​ | $ | 471,058
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Add: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Royalties and franchise fees | ​ | 8,080 | ​ | ​ | 7,560 | ​ | ​ | 15,386 | ​ | ​ | 14,625
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-opening | ​ | 5,464 | ​ | ​ | 6,202 | ​ | ​ | 12,276 | ​ | ​ | 14,297
Depreciation and amortization | ​ | 50,744 | ​ | ​ | 42,915 | ​ | ​ | 99,544 | ​ | ​ | 84,408
Impairment and closure, net | ​ | 111 | ​ | ​ | 90 | ​ | ​ | 139 | ​ | ​ | 291
General and administrative | ​ | 62,763 | ​ | ​ | 58,148 | ​ | ​ | 118,980 | ​ | ​ | 110,743
Income from operations | $ | 146,341 | ​ | $ | 142,816 | ​ | $ | 281,074 | ​ | $ | 275,944
​

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