A few weeks ago I blogged about Texas Roadhouse's, dare I say, courageous decision to host a big event for its employees in San Francisco. Complete with a street party and concert, the event was certainly a far cry from many organizations' efforts to cancel and/or scale back meetings to save face.
As a follow-up, I just had to share that Texas Roadhouse, Inc., reported Monday an 11 percent rise in first-quarter net income. For the first quarter ending March 31, the company saw a net income of $14.3 million, or 20 cents a share, compared to the year-ago quarter's net income of $12.9 million, or 17 cents a share. First-quarter revenue also rose 16.5 percent to $246 million.
A higher restaurant count helped compensate for a dip in same-store sales. G.J. Hart, president and chief executive of Texas Roadhouse, said that efforts such as a conservative approach to menu pricing have also helped.
Obviously I can't cite a direct relationship between Texas Roadhouse's event and its success in Q1. But still, there's something to be said for its efforts to foster positive company culture and keep employees happy. It certainly couldn't have hurt the company's success to keep on meeting!