Chuy's Posts Prelim Sales for 1Q - Analyst Blog
April 09 2013 - 12:45PM
Zacks
Austin, TX-based restaurateur, Chuy's Holdings,
Inc. (CHUY) recently declared its preliminary
first-quarter 2013 sales results. The company will report detailed
first quarter financial results on May 6.
Chuy's Holdings stated that during the first quarter of 2013,
net revenues inched up 24.5% year on year to $46.7 million, ahead
of the Zacks Consensus Estimate of $45 million. The sales in the
first quarter were driven by higher comparable restaurant sales
(comps).
In addition, during the first quarter, Chuy's Holdings’ comps
spiked 2.3% year over year. The improvement in comps resulted from
a 2.2% upside in average check and 0.1% rise in average weekly
customers.
Chuy's Holdings had previously stated that comps would grow 1%
-1.5% in 2013.
Earlier in the fourth quarter of 2012, Chuy's Holdings reported
revenues of $46.7 million, up 40.3% year over year buoyed by new
restaurant openings and increased comps. Revenues in the quarter
have also gained from an additional operating week in Dec 2012. In
the fourth quarter, comps were up 5.2%, buoyed primarily by higher
average check.
Chuy's Holdings currently operates 41 full-service Mexican food
restaurants in eight states throughout the U.S. Another
restaurateur that follows the same restaurant concept as Chuy's
Holdings is Denver, CO based Chipotle Mexican Grill,
Inc. (CMG).
Chuy's Holdings currently retains a Zacks Rank #2 (Buy). Some
other restaurateurs that are worth a look at this time include
Cracker Barrel Old Country Store, Inc. (CBRL) and
Red Robin Gourmet Burgers Inc. (RRGB) both
carrying a Zacks Rank #1 (Strong Buy).
CRACKER BARREL (CBRL): Free Stock Analysis Report
CHUYS HOLDINGS (CHUY): Free Stock Analysis Report
CHIPOTLE MEXICN (CMG): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
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