Texas Roadhouse (TXRH)

Outlook for 2007

The Company reported that comparable restaurant sales for the first four weeks of the fourth quarter of fiscal 2007 increased 0.3% over the same period of the prior year.

In addition, the Company reiterates its estimate for 2007 diluted earnings per share growth of at least 20%, or at least $0.53 per diluted share.

This estimate is based on the following annual assumptions:

•        New restaurant openings of 31 to 32 company-owned and two franchised; and

•        Comparable restaurant sales growth of 1.5% to 2.0%.

The 2007 earnings estimate presented includes the non-cash charge and ongoing earnings impact related to the Company’s acquisitions of franchise restaurants discussed above, but excludes any impact from any additional potential acquisitions.

Outlook for 2007

The Company reported that comparable restaurant sales for the first four weeks of the third quarter of fiscal 2007 increased approximately 2.5% over the same period of the prior year.

In addition, the Company reiterates its estimate for 2007 diluted earnings per share growth of at least 20%, or at least $0.53 per diluted share.

This estimate is based on the following assumptions:

·                       New restaurant openings of 30 to 32 company-owned and two to three franchise; and

·                       Comparable restaurant sales growth of approximately 2%.

The 2007 earnings estimate presented includes the non-cash charge and ongoing earnings impact related to the Company’s acquisitions of franchise restaurants discussed above.

Outlook for 2007

The Company reported that comparable restaurant sales for the first four weeks of the second quarter of fiscal 2007 increased 3.7% over the same period of the prior year.

In addition, the Company reiterates its estimate for 2007 diluted earnings per share growth of at least 20%, or at least $0.53 per diluted share.

This estimate is based on the following assumptions:

·                  New restaurant openings of 30 to 32 company-owned and two to three franchised; and

·                  Comparable restaurant sales growth of 2 to 3%.

The 2007 earnings estimate presented excludes any non-cash charges or ongoing earnings impact related to the Company’s potential acquisition of franchise restaurants.

Outlook for 2007

The Company reported that comparable restaurant sales for the first six weeks of the first quarter of fiscal 2007 increased 1.3% over the same period of the prior year.

The Company currently estimates 2007 diluted earnings per share growth of at least 20%, or at least $0.53 per share.

This estimate is based in part on the following assumptions:

·                  New restaurant openings of 28 to 30 company-owned and two to four franchised; and

·                  Comparable restaurant sales growth of at least 3%.

The 2007 earnings estimate presented above excludes any special non-cash charges or ongoing earnings impact related to the Company’s potential acquisition of franchise restaurants.

Outlook for 2007

The Company currently estimates that it will generate diluted earnings per share growth of at least 20% for 2007.

This estimate is based in part on the following assumptions:

·                       New restaurant openings of 28 to 30 company-owned and two to four franchised; and

·                       Comparable restaurant sales growth of 2% to 3%.

The 2007 earnings estimate presented above excludes any special non-cash charges or ongoing earnings impact related to the Company’s potential acquisition of franchise restaurants.