Texas Roadhouse Plans to Open Dozens of New Restaurants This Year

Texas Roadhouse achieved a record-breaking year of growth in 2023 as it opened dozens of new restaurants. And in 2024, the beloved steakhouse chain plans to continue expanding at a similarly breakneck pace.

The Kentucky-based company also expects its franchise partners to open up to 14 international and domestic locations in 2024, including four new Jaggers restaurants.

That adds up to roughly 44 new Texas Roadhouse, Bubba's 33, and Jaggers locations slated to open this year, though Morgan didn't specify how many new restaurants each individual chain will receive.

If the company does reach that 44-unit goal in 2024, then it will mostly keep pace with what Morgan said was a "record" year for new openings in 2023.

Texas Roadhouse opened 30 company-owned restaurants across the three brands throughout the year.

Meanwhile, franchise partners opened an additional 15 restaurants, including the first two franchised Jaggers locations. All in all, 45 Texas Roadhouse, Bubba's 33, and Jaggers locations opened their doors in 2023.

As of late December 2023, the company and its franchisees were operating 741 restaurants across the United States and its international markets, according to the Texas Roadhouse investor website.

The chain's same-store sales increased 9.9% in the fourth quarter of 2023, while customer traffic increased by 5.1%. Texas Roadhouse restaurants were also "the busiest they've ever been" last year, Monroe said.

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