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Chuy's Holdings (CHUY) Tops Q2 EPS by 7c; Raises Outlook

August 4, 2015 4:40 PM

Chuy's Holdings (NASDAQ: CHUY) reported Q2 EPS of $0.32, $0.07 better than the analyst estimate of $0.25. Revenue for the quarter came in at $75.4 million versus the consensus estimate of $73.43 million.

Chuy's Holdings sees FY2015 EPS of $0.82-$0.85, versus prior guidance of $0.76-$0.79 and the consensus of $0.79.

Steve Hislop, President and Chief Executive Officer of Chuy’s Holdings, Inc. stated, "Our brand continues to resonate well with our guests through our made-from-scratch, Tex Mex-inspired menu, commitment to value and upbeat, irreverent atmosphere. During the second quarter, we generated double-digit revenue growth and expanded our comparable restaurant sales gain record to 20 consecutive quarters. We also improved our restaurant operating margins as we experienced favorable food costs and increased operating efficiencies gained from our labor initiatives. The combination of these factors allowed us to deliver higher profitability, yielding diluted EPS growth of more than 50%."

Hislop concluded, "With one opening during the quarter and one more opening subsequent to the second quarter, we have opened five new restaurants to date and remain on track to meet our goal of 10 to 11 new restaurants for 2015. While our 2015 development schedule is more back-end loaded this year, we are pleased with our new unit openings to-date and are excited about the sites we have lined up for the second half of this year, and we are already well into filling our 2016 pipeline."

For earnings history and earnings-related data on Chuy's Holdings (CHUY) click here.

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