Chuy’s Holdings, Inc. (NASDAQ:CHUY) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Jon Howie – Vice President and Chief Financial Officer

Steve Hislop – President and Chief Executive Officer

Conference Call Participants

Mary Hodes – Baird

Chris O’Cull – Stifel

Brian Vaccaro – Raymond James

Andrew Strelzik – BMO Capital Markets

Nick Setyan – Wedbush Securities

Andy Barish – Jefferies

Todd Brooks – The Benchmark Company

Operator

Good day, everyone, and welcome to the Chuy’s Holdings’ Second Quarter 2022 Earnings Conference Call. Today’s call is being recorded. At this time, all participants have been placed on a listen-only mode and the lines will be open for your questions following the presentation.

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 conference 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 2022 earnings release. If not, it can be found on our website at chuys.com in the Investors section.

Before we begin our review of 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 conditions.

With that out of way, I’d like to turn the call over to Steve.

Steve Hislop

Thank you, Jon. Good afternoon, everyone, and thank you for joining us on our second quarter earnings call today. Our second quarter began with a positive top line momentum as we continue to enjoy the strong demand from our guests craving the unique Chuy’s experience. This was demonstrated by solid comparable sales growth, particularly in April and May as compared to both last year and 2019.

With that said, we have not been immune to recent sales volatility seen across the consumer landscape, resulting in flat to slightly positive comparable sales as compared to last year for the month of June and into the third quarter to date. It’s also worth noting that we have endured the hottest May, June and July on record in Texas, which has had a negative impact on our traditionally strong patio sales and alcohol mix.