Thursday, February 23, 2017

Texas Roadhouse stock plunges on sales fears

texas roadhouseSame-store sales at Texas Roadhouse Inc. ended 2016 on a bad note, sending the company’s stock down nearly 13 percent on Wednesday.

The Louisville-based casual-dining chain reported same-store sales of 1.2 percent in the quarter ended Dec. 27. Sales are slightly better so far in 2017, up 1.5 percent, the company said on Wednesday. And the chain still expects positive same-store sales in 2017.. . . more

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