Chuy’s reports Q2 EPS 61c, consensus 53c

Reports Q2 revenue $ $119M, consensus $118.26M. Steve Hislop, President and Chief Executive Officer of Chuy‘s Holdings, Inc., stated, “Our results marked another strong quarter with revenue growth of over 7%, including a 3.2% improvement in comparable restaurant sales. We also grew restaurant-level operating margin by over 21% and generated an industry-leading restaurant-level operating margin as a percentage of revenue of 21.6%, representing a 250 basis-point improvement over last year. We believe our performance year-to-date reflects our passion in providing our customers with the unique Chuy’s experience through our high-quality, made-from-scratch food and drinks offered at an incredible value.” Hislop added, “We successfully opened a new restaurant in Oklahoma City, OK during the quarter, followed by another restaurant in Harker Heights, TX in July, both of which have performed in line with our expectations. As we look ahead, we believe our continued focus on four-wall operational excellence, thoughtful capital allocation, and exciting pipeline of unit growth, have positioned us well to capitalize on our positive momentum and the vast opportunities ahead of us.”