Chuy's Holdings (CHUY) Tops Q3 EPS by 3c, Raises FY15 EPS Guidance

Chuy's Holdings (NASDAQ: CHUY) reported Q3 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $73.9 million versus the consensus estimate of $73.6 million.

• Comparable restaurant sales increased 4.2% as compared to the same period in 2014, the 21st consecutive quarter of comparable restaurant sales growth.

Chuy's Holdings sees FY2015 EPS of $0.86-$0.88, versus prior guidance of $0.82-$0.85 and the consensus of $0.86.

• Comparable restaurant sales growth of approximately 2.9% which implies growth of approximately 2.4% for the fourth quarter;
• Restaurant pre-opening expenses of approximately $4.2 million to $4.7 million;
• General and administrative expenses of approximately $16.3 million (versus a previous range of $15.8 million to $16.3 million);
• An effective tax rate of approximately 29% to 31% for the remainder of the year (versus a previous range of 28% to 30%);
• The opening of 10 new restaurants;
• Capital expenditures (net of tenant improvement allowances) of approximately $27.0 million (versus a previous range of $27.5 million to $30.0 million); and
• Annual weighted average diluted shares outstanding of 16.7 million to 16.8 million

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

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