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Chuy's Holdings fiscal Q1 profit climbs 42.1% YOY

Chuy's Holdings Inc. said its normalized net income for the fiscal first quarter ended March 27 came to 24 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS rose 41.1% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.0 million, a gain of 42.1% from $2.8 million in the year-earlier period.

The normalized profit margin climbed to 5.2% from 4.3% in the year-earlier period.

Total revenue rose 16.8% on an annual basis to $78.1 million from $66.8 million, and total operating expenses climbed 15.0% from the prior-year period to $71.6 million from $62.2 million.

Reported net income grew 43.1% from the prior-year period to $4.5 million, or 27 cents per share, from $3.2 million, or 19 cents per share.