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November 4 , 2021 Chups Chuy's Holdings , Inc. Announces a New $ 50 Million Share Repurchase Program and Third Quarter 2021 Financial Results AUSTIN , Texas -- ( BUSINESS WIRE ) -- Chuy's Holdings , Inc. ( NASDAQ : CHUY ) today announced financial results for the third quarter ended September 26 , 2021 . Highlights for the third quarter ended September 26 , 2021 were as follows : • Revenue increased 24.3 % to $ 101.9 million compared to $ 82.0 million in the third quarter of 2020 . • Comparable restaurant sales increased 20.5 % as compared to fiscal 2020 and decreased approximately 2.4 % as compared to fiscal 2019. The comparable restaurant sales as compared to 2019 were negatively impacted by increased COVID - 19 infection cases and locally mandated capacity restrictions in our core markets during August 2021 . • • Net income increased 112.3 % to $ 6.0 million , or $ 0.30 per diluted share , compared to net income of $ 2.8 million , or $ 0.14 per diluted share , in the third quarter of 2020 . Adjusted net income ( 1 ) increased 48.8 % to $ 9.1 million , or $ 0.45 per diluted share , compared to $ 6.1 million , or $ 0.31 per diluted share , in the third quarter of 2020 . • Restaurant - level operating profit ( 1 ) increased 34.2 % to $ 23.7 million compared to $ 17.7 million in the third quarter of 2020. Restaurant - level operating margin ( 1 ) increased 180 basis points to 23.3 % compared to 21.5 % in the third quarter of 2020 . • Cash and cash equivalents were $ 105.1 million and the Company had no debt outstanding with $ 35.0 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 , " We are pleased with our third quarter results , which included solid top line growth and continued improvement in restaurant - level profitability . Our restaurant - level margin increased by