Texas Roadhouse reported strong Q4 results, with revenue up 15.3% and EPS beating estimates. The company plans to implement a menu price increase of approximately 2.2% in late March.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Arch Resources reported mixed Q4 financial results, with revenue beating estimates and EPS missing it. The company expects a step-up in coking coal production as well as another first-quartile cost performance in 2024.
Genuine Parts sees stock decline despite beating earnings estimates, as revenue misses. The company also introduced a global restructuring designed to better align its assets and further improve the efficiency of the business.