Brief: Chuy's Holdings Inc Provides Business Update

Chuy's Holdings

01/06/2020 12:56

June 1 (Reuters) - Chuy's Holdings Inc  CHUY.O :
    * CHUY’S HOLDINGS, INC. PROVIDES BUSINESS UPDATE
    * CHUY'S HOLDINGS INC - FOR Q2 THROUGH MAY 24, 2020
COMPARABLE
RESTAURANT SALES DECREASED APPROXIMATELY 49.8% FROM SAME PERIOD
LAST YEAR
    * CHUY'S HOLDINGS - CINCO DE MAYO HAD FAVORABLE IMPACT ON
COMPARABLE RESTAURANT SALES DURING WEEK ENDING MAY 10
    * CHUY'S HOLDINGS INC - AS OF MAY 24, HAD ABOUT $32 MILLION
OF
CASH AND CASH EQUIVALENTS VERSUS ABOUT $28 MILLION OF CASH AND
CASH EQUIVALENTS AS OF MARCH 29, 2020
    * CHUY'S HOLDINGS - DURING EIGHT-WEEK PERIOD ENDED MAY 24,
REMAINED CURRENT WITH ALL OF VENDORS BUT DEFERRED MAJORITY OF
OUR LEASE OBLIGATIONS
    * CHUY'S HOLDINGS - AT END OF EIGHT-WEEK PERIOD ENDED MAY
24, WERE
OPERATING 18 RESTAURANTS IN TO-GO ONLY FORMAT
    * CHUY'S HOLDINGS - AT END OF 8-WEEK PERIOD ENDED MAY 24,
OPERATING 74 RESTAURANTS WITH LIMITED DINE-IN SEATING & NINE
WERE TEMPORARILY CLOSED

Source text for Eikon:  ID:nGNXvSMdD 
Further company coverage:  CHUY.O 

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