The following is a summary of the Chuy's Holdings, Inc. (CHUY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Chuy's Holdings, Inc. reported Q1 2024 revenue of $110.5 million, down from $112.5 million in Q1 2023, attributed to calendar shifts.

• Net income for Q1 2024 was $6.9 million or $0.40 per diluted share, down from $0.45 per share in Q1 2023.

• Operating costs increased to 16.4% of revenue due to higher delivery service fees and increased restaurant repair and maintenance costs.

• The company saw an 18.8% restaurant-level operating margin and forecasts an adjusted EPS of $1.82 to $1.87 for 2024.

Business Progress:

• Despite weather and macro challenges, Chuy's reported improved top line trends during the quarter, attributing it to off-premise business growth and the addition of customer favorites to the regular menu.

• The company's development plans include the opening of 6 to 8 new restaurants in their core markets in 2024, with one already opened in Q1 in Texas.

• Chuy's is focusing on a disciplined approach to menu management, testing new items in their CKO and emphasizing their value offering across digital platforms like social media and Google search.

More details: Chuy's Holdings IR

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