Chuy's Holdings Q4 2023 Adj EPS $0.45 Beats $0.38 Estimate, Sales $116.35M Miss $116.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chuy's Holdings (NASDAQ:CHUY) reported Q4 2023 adjusted EPS of $0.45, surpassing the $0.38 estimate, marking an 18.42% beat and a 66.67% increase from the previous year. However, their sales of $116.35M slightly missed the $116.63M estimate by 0.24%, though it represents an 11.76% increase year-over-year.
February 22, 2024 | 9:26 pm
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POSITIVE IMPACT
Chuy's Holdings reported a strong Q4 2023 with adjusted EPS of $0.45, beating estimates and showing significant growth from the previous year. However, sales slightly missed estimates.
The positive earnings beat and significant year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on CHUY's stock price. The slight miss in sales estimates may temper some of the enthusiasm, but the overall positive earnings report and year-over-year sales growth suggest a stronger focus on the EPS beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100