Texas Roadhouse Appoints Lloyd Marshall as Chief Growth Officer

Texas Roadhouse has promoted Lloyd Paul Marshall to the newly created position of Chief Growth Officer, overseeing construction, design, real estate, development, and facilities functions. Marshall has over three decades of restaurant experience and was previously Vice President of Operations at Bubba's 33. The promotion may indicate a focus on company-owned growth in the quarters ahead, following slower store development growth despite strong comparable restaurant sales growth.

Texas Roadhouse, the popular casual dining chain, has appointed Lloyd Paul Marshall as its new Chief Growth Officer. Marshall, who has over three decades of restaurant experience, previously served as Vice President of Operations at Bubba's 33. His new role will oversee construction, design, real estate, development, and facilities functions, working closely with CEO Jerry Morgan [2].

The promotion comes as Texas Roadhouse continues to grow, reporting its most successful quarter in history with revenue exceeding $1.5 billion [1]. The company recently purchased two buildings in Louisville for its corporate headquarters and support center, investing $25 million in the process [3].

Despite strong comparable restaurant sales growth of 5.8%, store development has been slower than sales growth. The addition of Marshall to the executive team may signal a renewed focus on company-owned growth in the coming quarters. During the second quarter, the company opened four units and one franchised location, bringing the total number of restaurants to 695 across all three brands [2].

The appointment of Marshall underscores Texas Roadhouse's commitment to its Louisville roots and its long-term growth strategy. The company's expansion plans, including the recent purchase of buildings and the addition of a Chief Growth Officer, indicate a robust financial position and a strategic vision for future growth [1, 3].

References:
[1] https://www.whas11.com/article/money/business/texas-roadhouse-louisville-kentucky-hometown-purchase-buildings/417-326890e7-3d28-4527-8b48-d5b7370e2570
[2] https://www.restaurantdive.com/news/texas-roadhouse-hires-chief-growth-officer-lloyd-paul-marshall/757874/
[3] https://www.wdrb.com/news/business/texas-roadhouse-doubles-down-in-louisville-with-25m-purchase-of-corporate-headquarters/article_d104974e-e49a-4840-8b19-1b2671456910.html