Consumer Discretionary
Restaurants
$21.99B
191.1K
Key insights and themes extracted from this filing
Total sales increased to $2.89 billion, up 6.0% year-over-year, driven by 142 net new restaurants and a blended same-restaurant sales increase of 2.4%. This growth indicates successful expansion and sustained performance at existing locations.
Net earnings from continuing operations increased to $215.7 million, a 1.6% increase compared to $212.3 million in the prior year. This indicates improved profitability despite inflationary pressures and integration costs.
General and administrative expenses increased by 25.5% YoY, primarily due to Chuy's transaction and integration costs. This increase suggests potential short-term cost pressures related to the acquisition.