Page 1

August 5 , 2021 Chuy's Chuy's Holdings , Inc. Announces Second Quarter 2021 Financial Results AUSTIN , Texas -- ( BUSINESS WIRE ) -- Chuy's Holdings , Inc. ( NASDAQ : CHUY ) today announced financial results for the second quarter ended June 27 , 2021 . Highlights for the second quarter ended June 27 , 2021 were as follows : • Revenue increased 64.7 % to $ 108.2 million compared to $ 65.7 million in the second quarter of 2020 . • Comparable restaurant sales increased 60.0 % as compared to fiscal 2020 and decreased approximately 1.4 % as compared to fiscal 2019 . • Net income increased 156 % to $ 11.5 million , or $ 0.57 per diluted share , compared to net income of $ 4.5 million , or $ 0.26 per diluted share , in the second quarter of 2020 . • Adjusted net income ( 1 ) increased 215 % to $ 12.6 million , or $ 0.62 per diluted share , compared to $ 4.0 million , or $ 0.23 per diluted share , in the second quarter of 2020 . • Restaurant - level operating profit ( 1 ) increased 87 % to $ 27.6 million compared to $ 14.8 million in the second quarter of 2020. Restaurant - level operating margin ( 1 ) increased 310 basis points to 25.6 % compared to 22.5 % in the second quarter of 2020 . • $ 113.5 million in cash and cash equivalents , no debt and $ 25.0 million available under the revolving credit facility . ( 1 ) Adjusted net income , restaurant - level operating profit and restaurant - level operating margin are non - GAAP measures . For reconciliations of adjusted net income , restaurant - level operating profit and restaurant - level operating margin to the most directly comparable GAAP measures see the accompanying financial tables . For a discussion of why we consider adjusted net income , restaurant - level operating profit and restaurant - level operating margin useful , see " Non - GAAP Measures " below . Steve Hislop , President and Chief Executive Officer of Chuy's Holdings , Inc. stated , " Our second quarter results demonstrated continued sales recovery in our restaurants , despite operating under capacity restrictions for most of the quarter . We successfully grew our top line by over 64 % , further narrowed our comparable sales gap from 2019 , and improved our restaurant - level profitability , both on a dollar and margin basis . As we return to more normalized operations and increase our dining room capacity to 100 % , we will ensure that our restaurants are properly staffed and continue to execute on the three key pillars that have resonated well with our guests throughout the pandemic – Safety , Convenience , and