Elon Musk: "If you punish people too much for failure, then they will respond accordingly, and the innovation you will get will be very incrementalist
Nobody's gonna try anything bold for fear of getting fired or being punished in some way. So risk-reward must be balanced and favor taking bold moves, otherwise it will not happen"
Been a fan for a long time, Texas Roadhouse $TXRH did +4.5% traffic in Q1
Outback −2.4.
Chili's −1.2.
Sweetgreen −11.2.
Wendy's −7.8% US comp
Nobody in casual dining or QSR is close on traffic.
And TXRH only took 1.9% on its latest menu price hike, while peers ran 4-5%+ (Chili's 4.6, Outback 5.0).
Top operator in the segment. Some concerns, but most are macro, not them.
Fast casual take-out is out... casual dining-in though? Still alive and well as Texas Roadhouse $TXRH absolutely pumps off of better-than-expected earnings numbers $SPY $QQQ $IWM $USO $VIX $GLD $SLV $COPX
Today we mourn a massive loss in the hockey community…
Sidney Crosby has died at the age of 38 after getting lightly tapped by a hockey stick
Prayers up 🙏
Never forget the Hard Rock Cafe "takeover" - Commanders fans took over the chain restaurant just to lose by 30 the next day.
It's been all downhill for them ever since