AUSTIN, Texas, April 8, 2013 (GLOBE NEWSWIRE) -- Chuy's Holdings, Inc. (the "Company")
(Nasdaq:CHUY) today announced preliminary unaudited sales results for its first quarter ended
March 31, 2013.
For the first fiscal quarter of 2013, total revenues were approximately $46.7 million, an increase
of 24.5% compared to revenues of $37.5 million in the first fiscal quarter of 2012. The Company's
comparable restaurant sales increased approximately 2.3% for the 13-week period ended March 31,
2013 compared to the 13-week period ended April 1, 2012. The increase in comparable sales was
driven by a 2.2% increase in average check and a 0.1% increase in average weekly customers.
Due to the inclusion of a 53rd week in fiscal 2012, there is a one-week calendar shift in the
comparison of the first fiscal quarter of 2013 ended March 31, 2013, to the first fiscal quarter
of 2012 ended March 25, 2012. As a result, our comparable restaurant sales calculation is based on
comparing sales in the first fiscal quarter of 2013 to sales in the corresponding calendar period
of 2012. Sales for the same 27 restaurants in the comparable restaurant base in the fiscal first
quarter ended March 31, 2013 increased 1.0% compared to the first fiscal quarter of 2012 ended
March 25, 2012.
Preliminary results remain subject to the completion of normal quarter-end accounting procedures
and adjustments and are subject to change. The Company expects to release financial and operating
results for its first quarter ended March 31, 2013 during the week of May 6th.
Founded in Austin, Texas in 1982, Chuy's owns and operates 41 full-service restaurants across
eight states serving a distinct menu of authentic, made from scratch Tex Mex inspired dishes.
Chuy's highly flavorful and freshly prepared fare is served in a fun, eclectic and irreverent
atmosphere, while each location offers a unique, "unchained" look and feel, as expressed by the
concept's motto "If you've seen one Chuy's, you've seen one Chuy's!". For further information
about Chuy's, including our newest locations, please visit Chuys.com. For the nearest location or
a complete menu, visit the Chuy's website at www.chuys.com
Definition of Comparable Restaurants
Comparable restaurant sales reflect changes in sales for the comparable group of restaurants over
a specified period of time. We consider a restaurant to be comparable in the first full quarter
following the 18th month of operations. Changes in comparable sales reflect changes in customer
count trends as well as changes in average check.
Statements in this release that are not historical facts, including, without limitation, those
relating to our anticipated financial performance, are forward-looking statements that involve
risks and uncertainties. Such statements are based upon the current beliefs and expectations of
the management of the Company. Actual results may vary materially from those contained in
forward-looking statements based on a number of factors including, without limitation, the actual
number of restaurant openings, the sales at the Company's restaurants, changes in restaurant
development or operating costs, such as food and labor, the Company's ability to leverage its
existing management and infrastructure, changes in restaurant pre-opening expense, general and
administrative expenses, capital expenditures, or the Company's effective tax rate, strength of
consumer spending, conditions beyond the Company's control such as weather, natural disasters,
disease outbreaks, epidemics or pandemics impacting the Company's customers or food supplies, acts
of war or terrorism and other factors disclosed from time to time in the Company's filings with
the U.S. Securities and Exchange Commission. Investors should take such risks into account when
making investment decisions. Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date on which they are
made. The Company undertakes no obligation to update any forward-looking statements except as
required by law.
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