Texas Roadhouse announces increase to stock repurchase plan The company announced that on May 22, its Board of Directors approved a stock repurchase program under which it authorized the company to repurchase up to $100M of its common stock. Any repurchases will be made through open market transactions. The Board of Directors cancelled the previous stock repurchase program which had no expiration date.
Texas Roadhouse sees positive comparable restaurant sales growth in FY15 Sees 25 to 30 company restaurant openings, including as many as five Bubba's 33 restaurants. For FY15 sees: Food cost inflation of 3% to 4%; An income tax rate of approximately 30.0% to 31.0% depending on the reinstatement of certain federal tax credits; and Total capital expenditures of $135M-$145M. :