Chuy's 3Q revenue, sales rise

Chuy’s Holdings Inc. on Wednesday reported a 256.5-percent increase in net income for the Sept. 29-ended third quarter. The results included a $1.6 million one-time write-off of deferred loan costs linked to a pay down of debt from its initial public offering proceeds in 2012. The Austin-based Tex-Mex casual-dining chain in the third quarter opened two new restaurants — one in Greenville, S.C., and another in Madeira, Ohio — bringing its total to 47 units in 14 states.

NET INCOME

Result: $2.8 million, or 17 cents per share
% Increase: 256.5% (from $790,000, or 5 cents per share)

REVENUE

Result: $53.5 million
% Increase: 19% (from $44.9 million)

SAME-STORE SALES

% Increase: 1.9% systemwide

Source: Company report

Contact Ron Ruggless at [email protected].
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