Chuy's Holdings (CHUY) Misses Q3 EPS by 3c

Chuy's Holdings (NASDAQ: CHUY) reported Q3 EPS of $0.19, $0.03 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $92.2 million versus the consensus estimate of $93.19 million.

GUIDANCE:

Chuy's Holdings sees Q4 2017 EPS of $0.96-$1.00.

• Comparable restaurant sales growth of (1.5%) to 0.0% versus a previous range of (1.5%) to 0.5% (on a 52-week comparable basis);

• Restaurant pre-opening expenses of $5.5 million to $5.9 million versus a previous range of $6.0 million to $6.5 million;

• General and administrative expense of $18.8 million to $19.1 million versus a previous range of $19.5 million to $20.0 million;

• An effective tax rate of 26% to 28% versus a previous range of 28% to 30%;

• The opening of 11 new restaurants versus 12 due to hurricane damages in Florida;

• Annual weighted average diluted shares outstanding of 17.0 million to 17.1 million shares; and

• Net capital expenditures (net of tenant improvement allowances) of $36.0 million to $41.0 million.

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

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