CHUY'S HOLDINGS, INC.

chuys.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 9, 2024. Its latest SEC filing is a SC 13G/A from Nov 8, 2024.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Serves freshly prepared Mexican and Tex-Mex dishes and drinks at full-service restaurants for diners, families and weekday business travelers.

How Did They Make Money?

Customers pay for restaurant food, beverages and merchandise at the time of sale; delivery orders are paid after the food is transferred to the delivery service.

FY2023 revenue

Who Were Their Customers?

Local diners, families and large parties, and weekday business travelers visit the restaurants; customers can also order delivery through third-party services.

Did Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2023 and turned 4 cents into free cash flow.

Operating income, FY2023

7% of revenue

▲ +50% vs FY2022 ($22.3M, 5%)

Net income, FY2023

7% of revenue

▲ +51% vs FY2022 ($20.9M, 5%)

Free cash flow, FY2023

4% of revenue

▲ +41% vs FY2022 ($14.5M, 3%)

How Were They Changing?

Since the FY2023 annual report

Latest quarter: Q2 FY2024, the three months to Jun 30, 2024

Revenue: ▲ +1%; vs $119M in Q2 FY2023
Net income: ▼ −31%; vs $10.7M in Q2 FY2023

Oct 11, 2024 Darden completed its acquisition of Chuy’s Chuy’s became an indirect, wholly owned subsidiary of Darden, and requested Nasdaq suspend trading and delist its shares.

Held flat. Revenue was $461.3M in FY2023, about the same as the $426.4M of FY2019.

Who Did They Compete With?

Competes with Texas Roadhouse, Cheddar’s Scratch Kitchen, and BJ’s Restaurants

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