Chuy’s sees FY23 adjusted EPS $1.85-$1.90, consensus $1.84

The adjusted net income guidance for fiscal 2023 includes an estimated $0.08 to $0.10 per diluted share positive impact due to the fourth quarter of 2023 containing 14 weeks versus 13 weeks in fiscal 2022 and is further based, in part, on the following annual assumptions: General and administrative expense of $30.0 to $31.0 million; Four new restaurants; Net capital expenditures of approximately $35 to $37 million; Restaurant pre-opening expenses of approximately $2.0 to $2.3 million; An effective annual tax rate of approximately 13% to 14%; Annual weighted diluted shares outstanding of 17.9 million to 18.0 million.