Texas Roadhouse, Inc. (TXRH) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 27, 2011

Exhibit 99.1

Texas Roadhouse, Inc. Announces Fourth Quarter 2011 Results; Board of Directors Increases Stock Repurchase Authorization to $100 million and Increases Quarterly Dividend by 12.5%

LOUISVILLE, KY. (February 21, 2012)

Results for the fourth quarter included:

·                  Comparable restaurant sales increased 5.6% at all company restaurants and 5.7% at all franchise restaurants;

·                  Ten company restaurants opened;

·                  Restaurant margins, as a percentage of restaurant sales, decreased 25 basis points to 16.8%;

·                  Diluted earnings per share increased 28% to $0.17 from $0.14 in the prior year period;

·                  The Company repurchased 968,700 shares of its common stock for a total purchase price of $12.7 million.

Results for the full year included:

·                  Comparable restaurant sales increased 4.7% at all company restaurants and 4.3% at all franchise restaurants;

·                  20 company restaurants and one international franchise restaurant opened;

·                  Restaurant margins, as a percentage of restaurant sales, decreased 45 basis points to 18.1%;

·                  Diluted earnings per share increased 11% to $0.88 from $0.80 in the prior year;

·                  The Company repurchased 3,972,100 shares of its common stock for a total purchase price of $59.1 million.

Kent Taylor, Chief Executive Officer of Texas Roadhouse, commented, “We are very pleased with our 2011 results and are particularly encouraged that our strong sales trends were driven largely by increased traffic.  Despite a challenging consumer environment and continued commodity cost pressures, we reported double-digit revenue and earnings per share growth in 2011, while our strong balance sheet and healthy cash flows enabled us to return $76 million of excess capital to shareholders through share repurchases and quarterly dividend payments.”

Taylor concluded, “For 2012, we have assembled a healthy pipeline of new locations and are on track to open 25 company restaurants.  Although we expect to face short-term cost pressures, we remain excited by the ongoing momentum in our top-line and will continue to focus on our long-term brand positioning and growth potential.”