Chuy's Holdings, Inc. (NASDAQ:CHUY) Q3 2023 Results Conference Call November 2, 2023 5:00 PM ET
Company Participants
Jon Howie - VP, CFO & Director
Steve Hislop - Chairman, President & CEO
Conference Call Participants
Chris O'Cull - Stifel
Todd Brooks - Benchmark Company
Brian Vaccaro - Raymond James
Nick Setyan - Wedbush Securities
Tyler Prause - Stephens
Drew North - Baird
Andrew Wolf - CL King
Operator
Good day, everyone, and welcome to the Chuy's Holdings Third Quarter of 2023 Earnings Conference Call. Today's call is being recorded. At this time, all participants have been placed in a listen-only mode and the lines will be open for questions following the prepared remarks.
On today's call, we have Steve Hislop, President and Chief Executive Officer; and Jon Howie, Vice President and Chief Financial Officer of Chuy's Holdings Incorporated.
At this time, I'll turn the call over to Mr. Howie. Please go ahead, sir.
Jon Howie
Thank you, operator, and good afternoon. By now everyone should have access to our third quarter 2023 earnings release. If not, it can be found on our website at chuys.com in the Investors section.
Before we begin our formal remarks, I need to remind everyone that part of our discussions today will include forward-looking statements. These forward-looking statements are not a guarantee of future performance, and therefore, you should not put undue reliance on them.
These statements are also subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. We refer all of you to our recent SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition. Looking ahead, we plan to release our fourth quarter of 2023 earnings on Thursday, February 22, 2024, after market close.
With that out of the way, I'd like to turn the call over to Chuy's President and CEO, Steve Hislop.
Steve Hislop
Thank you, Jon. Good afternoon, everyone, and thank you for joining us on our call today. We are pleased with the solid performance during the third quarter, highlighted by revenue growth of over 6% and a comparable sales increase of 2%, including positive comp growth across all periods. Equally important, our ability to maintain a strong value gap relative to our peers has allowed our traffic performance to exceed our broader casual dining peers as we continue to gain share.