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Texas Roadhouse Q1 profit climbs 22.0% YOY

Texas Roadhouse Inc. said its first-quarter normalized net income was 41 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.

EPS climbed 23.0% year over year from 33 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $29.0 million, an increase of 22.0% from $23.8 million in the first quarter ended April 1, 2014.

The normalized profit margin increased to 6.3% from 6.0% in the year-earlier period.

Total revenue increased 15.9% on an annual basis to $460.2 million from $397.1 million, and total operating expenses rose 15.3% year over year to $411.6 million from $356.9 million.

Reported net income grew 23.4% year over year to $32.4 million, or 46 cents per share, from $26.3 million, or 37 cents per share.