Sales leverage helps bottom line at Texas Roadhouse

• Texas Roadhouse (NASDAQ:TXRH +4.9%) trades higher after a narrow EPS beat with its Q1 report.
• The company delivered an 8.9% increase in comparable-store sales at company restaurants and an 8.0% gain at franchised outlets.
• Sales volume helped reduce the impact of commodity inflation, although the restaurant margin rate was still down 20 bps Y/Y to 19.0%.
• Texas Roadhouse expects to open 25 to 30 restaurants this year.