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Serving our



We had no idea two months ago when
we released earnings and drafted our
Shareholder Letter that our nation
and the world would be turned upside
down due to the COVID-19/Coronavirus
pandemic. There is no doubt that our
industry has changed drastically and
there is still much we do not know, which
is why we have withdrawn our financial
guidance for 2020.

But take note that there is also a lot
that we do know. We know that we have
the best operators in the world and
when times are tough, they fight.

They fight to help feed America, whether
it’s in our restaurants, To-Go, Curbside,
or Family Value Packs. Our goal is always
to take care of our people, our guests,
and the communities in which we live
and work. That fighting spirit is why we
have had 40 consecutive quarters of same
store sales growth over the past 10 years.

In short, at Texas Roadhouse, where
there is a will there is a way. During
this ever-changing time, our Managing
Partners have found phenomenal ways
to feed their communities and keep the
doors open.

They rolled up their sleeves and literally
converted their sit-down restaurants into
a To-Go/Curbside model in just a matter
of days. It is nothing short of amazing
that our operators overhauled their
restaurants to go from less than 10% of
their sales through To-Go a few weeks
ago to nearly 100% of their sales through
Curbside, To-Go, and Carryout because
their dining rooms are temporarily closed.
Some created single drive-thrus, some
have double drive-thrus, most created
Family Value Packs, and some even sold
bulk food where there were community
shortages and allowed by the state.

They all had different strategies, but
what they all have in common is their
commitment to serving their communities
and not giving up.

That’s what owner/operators do. I have
never been prouder in my life of our
team of people who are working
around the clock to keep feeding
America. I am confident that
when you have the best
people and give them the
freedom to operate, then
they will not only survive,
they will thrive. Thank you
for your trust and support of
Texas Roadhouse!

, 2020

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