Chuy's Holdings, Inc. (CHUY) has reported 965.30 percent jump in profit for the quarter ended Dec. 25, 2016. The company has earned $2.33 million, or $0.14 a share in the quarter, compared with $0.22 million, or $0.01 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $3.12 million, or $0.18 a share compared with $2.97 million or $0.18 a share, a year ago.

Revenue during the quarter grew 11.40 percent to $79.05 million from $70.96 million in the previous year period. Gross margin for the quarter expanded 4 basis points over the previous year period to 66.88 percent. Operating margin for the quarter period stood at positive 3.52 percent as compared to a negative 0.09 percent for the previous year period.

Operating income for the quarter was $2.78 million, compared with an operating loss of $0.06 million in the previous year period.

Steve Hislop, president and chief executive officer of Chuy's Holdings, Inc. commented, "We grew our revenue over 15% during 2016, drove positive comparable store sales for the seventh year in a row and produced adjusted net income growth of 17%. We also successfully opened 12 new Chuy’s restaurants during the year, a 17% increase in our store base and a key driver of our growth. We have now opened 72 restaurants in 15 states in the last 106 months bringing our total count to 80 restaurants as of December 25, 2016."

For financial year 2017, The company projects diluted earnings per share to be in the range of $1.11 to $1.15.