Chuy's Holdings, Inc. (NASDAQ:CHUY) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET
Company Participants
Jon Howie - Vice President & Chief Financial Officer
Steve Hislop - President, Chief Executive Officer & Chairman of the Board
Conference Call Participants
Mary Hodes - Baird
Operator
And welcome to the Chuy's Holdings Fourth Quarter 2022 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 your 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 the fourth quarter 2022 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.
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 fourth quarter earnings call today. We're proud of our strong results for the quarter driven by organic top-line growth and sustained operational efficiencies. Such was complemented by our continued capital return to shareholders through our share repurchases enabled by the ongoing strength of our operating model.
During the fourth quarter, we saw strong comparable sales growth across all periods and importantly our momentum has continued into January. We believe our fresh made-from-scratch food and drinks at an incredible value continue to resonate with our guests and are the driving force behind our growth regardless of how our guests choose to access the brand.
Turning to our growth drivers. We'll start with menu innovation. As we noted last call, we launched our first ever limited time offer platform Chuy's Knockouts in October. Chuy's Knockouts through quarterly specials introduced to our guests to exciting new menu innovation, while also reintroducing our guests to old favorites for a limited time. We plan to offer Chuy's Knockouts once per quarter for a six-week period of time.