Texas Roadhouse to raise prices

Texas Roadhouse Inc. plans to increase its menu prices for the second time in six months, according to Louisville Business First.

Texas Roadhouse President Scott Colosi this week said "unprecedented labor pressure" and commodity inflation are affected the steakhouse chain's margins.

"While sales were very strong, we did experience significant restaurant margin pressure in 2018. A highly competitive labor market and our own focus to increase staffing levels within our restaurants drove most of the margin pressure," Colosi said in an earnings call with investors. "Heading into 2019, we do expect labor pressures to continue along with some ongoing commodity inflation."

Price are slated to rise by about 1.5 percent.

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