earnings
confidence high
sentiment negative
materiality 0.75
Chuy's Q1 revenue down 1.8% to $110.5M; comps fall 5.2%; EPS $0.40 vs $0.45; FY adj EPS guide $1.82-1.87
CHUY'S HOLDINGS, INC.
2024-Q1 EPS reported
$0.40
revenue$110,464,000
- Revenue $110.5M vs $112.5M; comparable restaurant sales down 5.2% fiscal, 4.3% calendar, impacted by weather/Easter.
- Net income $6.9M ($0.40 diluted) vs $8.2M ($0.45); adjusted net income $7.3M ($0.42) vs $8.5M ($0.47).
- Restaurant-level operating margin 18.8% vs 19.7%; off-premise sales rose to 29% of revenue from 27%.
- 2024 adjusted EPS guidance $1.82-$1.87 (vs $1.87 ex-53rd week in 2023); expects 6-8 new restaurants.
- Opened 1 restaurant in Q1, 1 after quarter end; closed 1; repurchased 214,659 shares for $7.3M.