Profile: Texas Roadhouse, Inc. (TXRH.O)

Texas Roadhouse, Inc. (Texas Roadhouse), incorporated in 2004, is a full-service, casual dining restaurant chain. The Company offers an assortment of specially seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. In addition to steaks, it also offers a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. During the fiscal year ended December 30, 2008 (fiscal 2008), there were 314 Texas Roadhouse restaurants operating in 46 states. The Company owned and operated 245 restaurants in 43 states and franchised and licensed an additional 69 restaurants in 23 states. On July 23, 2008, it acquired nine franchise restaurants and on September 24, 2008, it acquired one franchise restaurant in Florida. Its subsidiaries include Texas Roadhouse Holdings LLC, Texas Roadhouse Development Corporation, and Texas Roadhouse Management Corp.

Texas Roadhouse restaurants offer a variety of menu items at prices that are designed for a range of consumer tastes. It offers an assortment of specially seasoned and aged steaks, including 6, 8, 11 and 16 oz. Sirloins; 10, 12 and 16 oz. Rib-eyes; 6 and 8 oz. Filets; Prime Rib; and T-Bones, most of which are hand-cut daily on the premises and cooked over open gas-fired grills. Its menu allows guests to customize their meals by ordering steaks that are smothered either in cheese, onions, gravy or mushrooms and baked potatoes loaded with cheese and bacon. Other menu items include specialty appetizers such as the Cactus Blossom and Chicken Critters (chicken tenders). It also provide a 12 & Under menu for children that includes a sirloin steak, rib basket, Jr. Chicken Critters, cheeseburger, hot dog and macaroni and cheese, all served with a beverage.

Texas Roadhouse restaurants feature a full bar that offers a selection of draft and bottled beer. It serves a selection of brands of liquor and wine as well as frozen margaritas. Its alcoholic beverages accounted for 11.2% of restaurant sales at Texas Roadhouse in fiscal 2008. Its purchases are designed to consistently supply fresh, quality products to the restaurants. Certain products, such as dairy products and select produce, are purchased locally to assure freshness.