secwatch.observer — SEC 8-K summary
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Issuer:     CHUY'S HOLDINGS, INC. (—)
CIK:        0001524931
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001524931-24-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524931/000152493124000059/0001524931-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524931/000152493124000059/chuy-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001524931-24-000059

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