Chuy’s revenues up almost 20 percent in 2013

Feb 28, 2014
Austin American Statesman

Austin-based Chuy’s Holdings Inc. saw an almost 20 percent increase in 2013 revenues, according to figures the Tex-Mex restaurant chain released Thursday

Revenues for fiscal 2013 were $204.4 million, compared to $172.6 million in fiscal 2012. Net income grew to $11.1 million in 2013, versus $5.5 million in 2012. Diluted income per share was 66 cents in 2013, up from 37 cents in 2012

In the fourth quarter, Chuy’s opened two new locations in Kansas City, Mo., and Raleigh, N.C.

In 2014, Chuy’s said it plans to continue its growth spurt. Already this year, it has opened a pair of new restaurants, in Rogers, Ark., and Orlando

Diluted net income per share in 2014 is expected to range from 81 cents to 84 cents, the company said, and comparable restaurant sales are forecast to be up by about 2 percent

Founded in 1982 by Mike Young and John Zapp with a single restaurant on Barton Springs Road in Austin, Chuy’s now has 50 restaurants in 14 states

The company’s shares closed Thursday up 71 cents, or 1.72 percent, at $42.10

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