Earnings release
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May 6 , 2021 Chuy's Chuy's Holdings , Inc. Announces First Quarter 2021 Financial Results AUSTIN , Texas -- ( BUSINESS WIRE ) -- Chuy's Holdings , Inc. ( NASDAQ : CHUY ) today announced financial results for the first quarter ended March 28 , 2021 . Selected monthly comparable restaurant sales and average weekly sales per restaurant for the first quarter and the second quarter to - date of 2021 are as follows : Comparable Restaurant Sales 2019 Comparable Restaurant Sales Average Weekly Sales per Restaurant Number of Open Restaurants Month Ended 1/24/21 2/21/21 3/28/21 4/25/21 ( 14.7 ) % ( 26.3 ) % 33.5 % 120.3 % ( 9.1 ) % ( 24.7 ) % ( 3.9 ) % ( 0.3 ) % $ 69,399 $ 62,421 $ 84,091 $ 85,415 92 93 93 94 Comparable restaurant sales for the first quarter of 2021 showed a continued sequential improvement with a decrease of 11.8 % as compared to the same period in fiscal 2019. We believe that measuring our comparable restaurant sales over fiscal year 2019 is a better representation given the pandemic's significant impact on fiscal year 2020. Despite a challenging February driven by the severe winter weather in most of the Central and Southern United States , our March and April comparable restaurant sales were at the highest level since the COVID - 19 pandemic began . Off - premise sales remained strong at a rate more than double the Company's pre - COVID - 19 levels at approximately 30 % during the first quarter and the second quarter of 2021 to date . As of March 28 , 2021 , the Company had a strong financial position with $ 97.3 million in cash and cash equivalents , no debt and $ 25.0 million of availability under its revolving credit facility . The Company believes it maintains ample financial flexibility with which to navigate the current environment . Highlights for the first quarter ended March 28 , 2021 were as follows : • Revenue was $ 87.7 million compared to $ 94.5 million in the first quarter of 2020 . • Comparable restaurant sales decreased 3.2 % . • Net income was $ 6.7 million , or $ 0.33 per diluted share , compared to net loss of $ 12.4 million , or $ 0.75 per diluted share , in the first quarter of 2020 , an increase of $ 19.1 million . • Adjusted net income ( 1 ) was $ 8.5 million , or $ 0.42 per diluted share , compared to $ 1.4 million , or $ 0.09 per diluted share , in the first quarter of 2020 . • Restaurant - level operating profit ( 1 ) was $ 20.7 million compared to $ 12.8 million in the