19-Feb-08 - Texas Roadhouse Guides 2008 EPS to 5-15% growth including the contribution from week 53. Guides F'08 comps to flat to +1%.
11-Apr-08 - TXRH proxy - Executive Incentive Compensation Under the 2004 Employment Agreements - In February 2008, the board of directors of the Company approved an EPS target of $0.56 to $0.59. The annual target represents management's estimate of EPS for the fiscal year 2008, and reflects earnings per share growth of ten to 15 percent as compared to the EPS achieved for the fiscal year 2007. EPS is 2007 was $0.52.
The annual target can be adjusted for acquisitions or divestitures, accounting changes and other extraordinary events as noted by the compensation committee.
Management is now getting paid a bonus on a lower target, which also includes the 3% benefit from the 53rd week!