Benzinga | Jul 29, 2021 04:31PM EDT

Texas Roadhouse Sees 2021 Commodity Cost Inflation Of ~7%

2021 Outlook

Management updated all expectations for 2021:

* Commodity cost inflation of approximately 7.0%;

* 26 to 29 company restaurant openings across all concepts;

* Store week growth of approximately 5.0%; and,

* Total capital expenditures of approximately $200 million.

To the extent that state and local guidelines begin to significantly reduce capacity and/or re-close dining rooms, the Company could pull back on development, reduce capital spend, and/or limit share repurchases accordingly.