Austin, TX-based restaurateur,
Chuy's Holdings, Inc.
) 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
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
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.
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.
Red Robin Gourmet Burgers Inc.
) both carrying a Zacks Rank #1 (Strong Buy).
CRACKER BARREL (CBRL): Free Stock Analysis
CHUYS HOLDINGS (CHUY): Free Stock Analysis
CHIPOTLE MEXICN (CMG): Free Stock Analysis
RED ROBIN GOURM (RRGB): Free Stock Analysis
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