| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 6, 2026 | 8/12 | 1 medium, 3 low flags | 2 | 0 | Call sheet → |
| Q1'26 | May 7, 2026 | 11/12 | 1 medium, 6 low flags | 3 | 1 | Call sheet → |
| Q4'25 | February 19, 2026 | 9/12 | 1 high, 2 medium, 3 low flags | 5 | 1 | Call sheet → |
| Q3'25 | November 6, 2025 | 9/12 | 2 high, 3 medium, 3 low flags | 3 | 2 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | we are reducing our full year 2026 commodity inflation guidance from approximately 7% to between 6% and 7%. FY not ended; further cut to approximately 5% in Q2, continuing a favorable revision trend. |
| Q2'26 | Pending | Our forecast for the full year 2026 income tax rate remains unchanged at between 14% and 15%. FY not ended; cut to approximately 14% in Q2, a favorable revision. |
| Q2'26 | Delivered | being around 40% would not be a surprising number to me based upon the trends that we have been seeing [labor hours vs traffic growth]. The reported ratio was approximately 25%, below the tentative prior expectation. Management said it was not an operator target; do not score it as a firm 40% commitment. |
| Q2'26 | Delivered | we're probably now talking somewhere in the range of 7% to 8% commodity inflation is where we're thinking right now [for Q2]. Q2 period ended; actual commodity inflation came in at 7%, landing at the bottom end of the guided range. |
| Q2'26 | Pending | our Jaggers partners opened 1 domestic restaurants, and we expect they will open an additional 3 locations over the remainder of the year. Two H2 openings were expected. The earlier remainder-of-year count requires reconciliation with intervening completed openings before calling a cut. |
| Q2'26 | Pending | Internationally, our partners also opened on Texas Roadhouse in the first quarter, and we expect they will open as many as 6 more throughout the rest of the year. One opened in Q2 and up to five remained, consistent with six remaining after Q1. Full-year execution is pending. |
| Q2'26 | Pending | On the development front, we continue to expect approximately 35 company-owned openings for the full year. FY not ended; reaffirmed in Q2 as 'on track' with no change in count. |
| Q1'26 | Pending | 14-15% tax rate for 2026 Q1 at 14.3%, tracking well to guidance range |
| Q1'26 | Missed | Expand handheld tablet testing in 2026 Actually pulled back for software rewrite, delayed timeline from original plan |
| Q1'26 | Delivered | Low double-digit G&A dollar increase Q1 up 8.7%, tracking to full-year guidance |
| Q1'26 | Delivered | 3-4% wage and other labor inflation Q1 came in at 3.8%, right in range with insurance pressures as expected |
| Q1'26 | Exceeded | ~7% commodity inflation with first half above, second half below Reduced to 6-7% range with Q1 at 6.2%, better visibility achieved |
| Q1'26 | Pending | 6 international franchise and 4 domestic Jaggers openings 1 international opened Q1, on pace for guidance |
| Q1'26 | Pending | Approximately 35 company-owned openings for full year 2026 4 opened in Q1, expect 9 in Q2, back-half weighted as promised |
| Q4'25 | Delivered | Income tax rate of approximately 14.5% for full year 2025 Actual rate was 13.8%, slightly better than guided |
| Q4'25 | Missed | 10 new franchise restaurants including 6 international Texas Roadhouse Only opened 4 total franchise locations in 2025, significant shortfall |
| Q4'25 | Delivered | Wage and other labor inflation of approximately 4% for 2025 Actual was 3.7%, came in below guidance |
| Q4'25 | Delivered | Full year 2025 commodity inflation guidance of approximately 6% Came in at 6.1%, within guidance range despite Q3 upward revision |
| Q4'25 | Exceeded | Approximately 30 restaurants across 3 brands in 2025 Delivered 32 openings (28 new + 4 franchise openings) plus 20 acquisitions |
| Q4'25 | Delivered | Digital kitchen and guest management system rollout completed by year-end Confirmed 95% complete in Q3, now at 100% rollout finished |
| Q3'25 | Missed | Full year 2025 commodity inflation guidance of ~5% (Q2 2025) Raised to ~6% due to higher beef inflation than expected |
| Q3'25 | Delivered | Digital kitchen and guest management system rollout acceleration (Q2 2025) 95% complete, expecting 100% by year-end |
| Q3'25 | Delivered | Acquire three more franchise locations in Q4 2025 (Q2 2025) Acquired 3 at beginning of Q4 as promised |
| Q3'25 | Missed | Four international Texas Roadhouse restaurants in second half 2025 (Q2 2025) Only opened 2 in Q3, expecting just 1 more in Q4 = 3 total vs 4 promised |
| Q3'25 | Delivered | Approximately 30 restaurant openings in 2025 (Q2 2025) Still on track to hit ~30 openings across three brands in 2025 |
| Q3'25 | Pending | Could include double-digit Bubba's openings next year (Q2 2025) Still on track with 10 Bubba's planned for 2026, moving from 'could' to concrete plans |
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