IPO Profile

Texas Roadhouse
6040 Dutchmans Lane, Suite 400, Louisville, Kentucky 40205
Tel: 502-426-9984
Web: www.texasroadhouse.com
Ticker: TXRH
Stock Exchange: Nasdaq
Shares Issued: 9,100,000.00
Price Offered: $17.50
Amount Raised: $159,250,000.00

Underwriters:
Banc of America Securities
RBC Capital Markets
SG Cowen
Wachovia Securities


Company Description:
Texas Roadhouse is a growing, moderately priced, full-service restaurant chain. Our founder and chairman, W. Kent Taylor, started the business in 1993. Our mission statement is "Legendary Food, Legendary Service." Our operating strategy is designed to position each of our restaurants as the local hometown destination for a broad segment of consumers seeking high quality, affordable meals served with friendly, attentive service. As of December 30, 2003, 162 Texas Roadhouse restaurants were operating in 32 states. We owned and operated 87 restaurants in 24 states, and franchised and licensed an additional 75 restaurants in 18 states. We have successfully grown the total number of Texas Roadhouse restaurants over the past five years from 67 restaurants in 1999 to 162 as of December 30, 2003, representing a 24.7% compounded annual growth rate. Over the same period, our revenue increased from $71.0 million to $286.5 million and income from operations increased from $7.1 million to $35.3 million, representing compounded annual growth rates of 41.7% and 49.3%, respectively. We believe that the broad appeal of our concept and our compelling restaurant model provide us with significant opportunities for continued profitable growth.