Texas Roadhouse acquisition history

Texas Roadhouse terminated a franchisee's franchise agreement in Q4 2009 and took the single restaurant company-owned; consideration was immaterial and no purchase-price allocation or goodwill was recorded.

Pursuant to the terms of the franchise agreement, we acquired the restaurant from the franchisee for an immaterial amount.

Bought back two franchise restaurants in Illinois on the last day of fiscal 2012 to bring them company-owned, consistent with the strategy of increasing net income and EPS.

Pursuant to the terms of the acquisition agreement, we paid a purchase price of $4.3 million.

Acquired two franchise restaurants in Ohio on the last day of fiscal 2013; the deal had no significant revenue or accretive impact and no purchase price was disclosed.

Acquired the remaining ownership interests in a Wisconsin franchise restaurant it partly owned (5% equity); immaterial to results and no purchase price disclosed.

On November 26, 2014, we acquired the remaining ownership interests in a franchise restaurant owned in part by us and certain officers or stockholders of the Company.

Acquired four franchise restaurants in Florida and Georgia on the first day of fiscal 2017 (two wholly owned, two majority owned) to expand company-owned operations.

Pursuant to the terms of the acquisition agreements, we paid a total purchase price of $16.5 million, net of cash acquired.

Acquired one Florida franchise restaurant (owned in part by the founder), which was subsequently relocated; generated $2.2 million of goodwill.

Pursuant to the terms of the acquisition agreement, we paid a total purchase price of $2.2 million, net of a $0.3 million charge to settle a pre-existing relationship.

Acquired one Georgia franchise restaurant, subsequently relocated, bringing it company-owned; generated $1.5 million of goodwill.

Pursuant to the terms of the acquisition agreement, we paid a total purchase price of $1.5 million.

Bought back seven franchise restaurants in South Carolina and Georgia on the first day of fiscal 2022 to grow company-owned store weeks.

Pursuant to the terms of the acquisition agreements, we paid a total purchase price of $26.4 million, net of cash acquired.

Step acquisition of a Nebraska franchise restaurant in which Texas Roadhouse held a 5.49% equity interest; recorded a $0.3 million gain on the prior investment.

Pursuant to the terms of the acquisition agreement, we paid a total purchase price of $6.6 million, net of cash acquired for 100% of the entity.

Acquired eight franchise restaurants in Maryland and Delaware on the first day of fiscal 2023 (four via step acquisitions where it held 5% equity), recording a $0.6 million gain on prior investments.

Pursuant to the terms of the acquisition agreements, we paid a total purchase price of $39.1 million, net of cash acquired, for 100% of the entities.

During fiscal 2025 Texas Roadhouse completed acquisitions of 20 domestic franchise restaurants (including a 13-restaurant batch closed January 1, 2025), several via step acquisitions, recording a $2.2 million gain on prior equity interests. USD 107.5 million.

During the year ended December 30, 2025, we completed the acquisitions of 20 domestic franchise Texas Roadhouse restaurants ... we paid a total purchase price of $107.5 million, net of cash acquired.

Subsequent to fiscal 2025 year-end, Texas Roadhouse acquired five domestic franchise restaurants (an officer held a 2% interest in two), partly funded with a $50 million credit-facility draw.

On December 31, 2025 ... we completed the acquisitions of five domestic franchise restaurants ... we paid an aggregate purchase price of approximately $72 million.