Chuy's Holdings, Inc. (NASDAQ:CHUY) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET
Company Participants
Jon Howie - VP, CFO & Director
Steven Hislop - Chairman, President & CEO
Conference Call Participants
Joshua Long - Stephens Inc.
David Tarantino - Robert W. Baird & Co.
Aisling Grueninger - Piper Sandler & Co.
Brian Vaccaro - Raymond James & Associates
Nerses Setyan - Wedbush Securities
Andrew Barish - Jefferies
Todd Brooks - The Benchmark Company
Christopher O'Cull - Stifel, Nicolaus & Company
Operator
Good day, everyone, and welcome to the Chuy's Holdings Second Quarter 2023 Earnings Conference Call. Today's call is being recorded. [Operator Instructions].
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, Inc.
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 second 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 third quarter 2023 earnings on Thursday, November 2 after the market closed. With that out of the way, I'd like to turn the call over to Chuy's President and CEO, Steve.
Steven Hislop
Thank you, Jon. Good afternoon, everybody, and thank you for joining us on our call today. Our results marked another strong quarterly performance with second quarter revenue growth of over 7%, including a 3.2% improvement in comparable restaurant sales. During the quarter, we saw solid comparable sales growth across all periods. Moreover, our strong top line momentum has continued, and we are pleased with the results we've seen thus far into the third quarter. In terms of profitability, we grew restaurant level operating margin dollars by over 21% and generated an industry-leading restaurant level margin as of a percent of revenue up 21.6%, which represents a 250 basis point improvement over last year.