Chuy's Holdings (CHUY) Misses Q1 EPS by 6c; Withdraws Guidance
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Chuy’s Holdings, Inc. Announces First Quarter 2020 Financial Results and Business Update
May 21, 2020 4:05 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- Chuys Holdings, Inc. (NASDAQ: CHUY) today announced financial results for the first quarter ended March 29, 2020 and a business update.
The Company started to experience the impacts of COVID-19 during the last three weeks of the 13-week quarter ended March 29, 2019 resulting in a decline in traffic, restaurant operating expense deleveraging and the temporary closure of nine restaurants as the Company transitioned to an enhanced all off-premise operating model at 92 of its locations. The Company quickly transformed its existing take-out and delivery business to a safe and efficient... More
