- Chuy's Holdings released its Q3 results last month, reporting revenue of $101.9 million, a 24% increase from the year-ago period.
- This was driven by a double-digit increase in comp sales relative to Q3 2020, offset by a slight decrease in average check.
- One of the key highlights from the report is the margin expansion despite industry-wide headwinds, with Chuy's hoping to maintain at least 300 basis points of gains vs. 2019 levels.
- Given Chuy's solid margin performance relative to peers combined with a reasonable valuation, I would view any pullbacks below $26.90 as low-risk buying opportunities.
For further details see:
Chuy's Holdings: Growth At A Reasonable Price