Texas Roadhouse Inc. said its second-quarter normalized net income came to 26 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.
EPS fell 8.9% year over year from 29 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.7 million, a decline of 8.8% from $20.5 million in the second quarter ended July 1, 2014.
The normalized profit margin dropped to 4.1% from 5.2% in the year-earlier period.
Total revenue grew 15.0% year over year to $454.7 million from $395.4 million, and total operating expenses climbed 17.2% from the prior-year period to $423.0 million from $361.0 million.
Reported net income decreased 9.0% from the prior-year period to $21.2 million, or 30 cents per share, from $23.3 million, or 33 cents per share.