Chuy’s Holdings Earnings: Here’s Why Shares are Up Now
Chuy’s Holdings (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. Shares are up 0.57%.
Chuy’s Holdings Earnings Cheat Sheet
Revenue: Rose 24.6% to $46.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chuy’s Holdings reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $46.17 million.
Quoting Management: Steve Hislop, President and Chief Executive Officer of Chuy’s Holdings, Inc., stated, “With continued contribution from our new units and solid comparable sales, we generated impressive revenue growth during a challenging quarter for the industry. Furthermore, our operators did a nice job managing our profitability despite a reporting calendar shift that led to the loss of a significant week of sales and profitability. The unique nature of the Chuy’s brand, the quality and value of our offerings and the open runway for unit growth has us well positioned for long-term earnings growth. We are very excited about the two new restaurants we opened during the first quarter and we remain on track to add eight to nine new restaurants in 2013.”
Key Stats (on next page)…