Chuy’s Holdings Earnings: Here’s Why Investors are Ambivalent Now
Chuy’s Holdings Inc (NASDAQ:CHUY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Chuy’s Holdings Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.41% to $0.22 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 22.62% to $53.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chuy’s Holdings Inc reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $53.12 million.
Quoting Management: teve Hislop, President and Chief Executive Officer of Chuy’s Holdings, Inc., stated, “We are encouraged by the ongoing momentum of our business that resulted in strong second quarter earnings growth. Our made-from-scratch Tex Mex inspired menu, commitment to value and upbeat irreverent atmosphere continue to drive guest loyalty throughout our existing restaurant base. Additionally, we remain pleased with the performance of our newer restaurants. We have opened six new Chuy’s restaurants year to date and remain on track to add eight to nine new restaurants in 2013.”
Key Stats (on next page)…