Chuy's Holdings Sees FY23 Adj. Net Income $1.80-$1.85
Portfolio Pulse from Benzinga Newsdesk
Chuy's Holdings has updated its FY23 outlook, expecting adjusted net income per diluted share of $1.80 to $1.85, compared to $1.11 in FY22. This includes a positive impact due to Q4 2023 containing 14 weeks versus 13 weeks in FY22. The company also plans to open five new restaurants and expects general and administrative expenses of $30.0 to $31.0 million, net capital expenditures of $30 to $35 million, and an effective annual tax rate of 13% to 14%.
August 04, 2023 | 2:45 pm
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Chuy's Holdings expects a significant increase in its FY23 adjusted net income per share, which could positively impact its stock price. The company's plans to open new restaurants and manage expenses could also contribute to this potential growth.
The company's positive outlook for FY23, including higher net income per share and plans for expansion, indicates potential growth. This could attract investors, driving up the stock price.
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