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Texas Roadhouse has raised its prices a handful of times over the past year to boost sales and combat rising costs impacting the overall restaurant industry. But according to new data, those price hikes haven't curbed customer appetites for theon May 2, reporting an 8.4% increase in same-store sales at company-owned restaurants and a 4.3% increase in customer traffic. Same-store sales were also up 7.7% for Texas Roadhouse's franchised restaurants.
The chains blamed their financial woes on factors like rough January weather and more hesitant spending from inflation-weary customers. However, Texas Roadhouse seems to be succeeding in spite of those obstacles.
"We'll see what happens in the industry going forward, and then we'll absolutely partner up with our operators and decide what is best for each and every one of their stores or their market or their region. And then as a company, we'll help them make that decision that will also be very good for our consumer and our shareholder."this year.
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