Chuy's Holdings (CHUY) Tops Q1 EPS by 3c, Raises FY EPS Guidance

Chuy's Holdings (NASDAQ: CHUY) reported Q1 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $66.8 million versus the consensus estimate of $67.2 million. Comps increased 1.9%.

Chuy's Holdings sees FY2015 EPS of $0.76-$0.79, versus prior guidance of $0.74-$0.79 and the consensus of $0.76. It sees:

• Comparable restaurant sales growth of approximately 2.50% for the remainder of the year;
• Restaurant pre-opening expenses of approximately $4.2 million to $4.7 million;
• General and administrative expense of approximately $14.8 million to $15.3 million (versus a range of approximately $14.5 million to $15.0 million previously);
• An effective tax rate of approximately 28% to 30%;
• The opening of 10 to 11 new restaurants;
• Capital expenditures (net of tenant improvement allowances) of approximately $27.5 million to $30.0 million; and
• Annual weighted average diluted shares outstanding of 16.7 million to 16.8 million shares

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

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