This presentation may include forward-looking statements. These statements reflect the current views of the Company's senior management with respect to future events and financial performance. These statements include forward-looking statements with respect to the Company's business and industry in general. Statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. Forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the Company's actual results to differ materially from those indicated in these statements. The statements made herein speak only as of the date of this presentation.
Non-GAAP Financial Measures
This presentation contains certain non-GAAP financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of income, balance sheets or statements of cash flow of the Company. The Company has provided a reconciliation of non-GAAP financial measures to the most directly comparable financial measure in the Appendix to this presentation. The non-GAAP financial measures used within this presentation are Adjusted EBITDA and Restaurant-Level Operating Margin. These measures are presented because management uses this information to monitor and evaluate financial results and trends and believes this information to also be useful for investors. For additional information about our non-GAAP financial measures, see our earnings releases and filings with the Securities and Exchange Commission.
1
PRESENTERS
Steve Hislop
President of Chief Executive Officer
Jon Howie
Vice President and Chief Financial
Natalie Harden
Vice President of Finance and Investor Relations
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CHUY'S HIGHLIGHTS
Fresh, Authentic Mexican and Tex-Mex Inspired Cuisine
Considerable Dining Value and Broad Customer Appeal
Upbeat Atmosphere Coupled with Irreverent Brand Helps Differentiate Concept
Flexible Business Model with Industry Leading Unit
Strong Balance Sheet
Deep Rooted and Inspiring Company Culture
3
INDUSTRY LEADING OPERATING METRICS
Comparable restaurant base generated 18.4% of LTM restaurant-level operating margin
Comparable restaurant base generated LTM average unit volumes of $4.4 million
Highest volume restaurant had LTM sales of $10.0 million
Serve approximately 240,000 customers per location per year, on average
Average Unit Volume ($Millions)
$10.0
Full-Service Mexican Concepts
Select Best-in-Class Concepts
$8.0
$6.7
$7.0
$6.0
$5.9
$4.4
$5.1
$3.9
$4.0
$3.4
$3.4
$2.4
$2.0
$0.0
4
Source: Based on Company 2022 Filings and Technomic Industry Report as of most recent available fiscal year and estimates. Chuy's based on latest filed LTM period.
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Chuy's Holdings Inc. published this content on 22 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2023 15:49:05 UTC.
Chuyâs Holdings, Inc. owns and operates full-service restaurants across 16 states serving a distinct menu of authentic, made from scratch Tex-Mex-inspired dishes. It offers a menu for both lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and salads complemented by a variety of appetizers and desserts. Each of its restaurants also offers a variety of homemade sauces, including its Hatch Green Chile, Boom-Boom and Creamy Jalapeno sauces, all of which it makes from scratch daily in each restaurant. Its Chuyâs Knock Out (CKO) limited-time food offerings run for six weeks once every quarter and showcase three new menu items. It also offers a full-service bar in all of its restaurants providing its customers a variety of beverage offerings, featuring a selection of specialty cocktails, including its on-the-rocks margaritas made with fresh, hand-squeezed lime juice and the King's Punch, a made-to-order, hand-shaken rum cocktail served in its shaker.