Chuy’s Holdings, Inc. Provides Business Update

Sales Showing Continued Improvement as Dining Rooms Reopen

AUSTIN, Texas, June 01, 2020 (GLOBE NEWSWIRE) -- Chuy’s Holdings, Inc. (NASDAQ:CHUY) today provided a business update in light of the ongoing impact of COVID-19, including changes in the operating status of its restaurants as a result of changes in restrictions of in-restaurant dining.

With the safety of its employees and guests as its number one priority, the Company has re-opened a majority of its dining rooms as state and local municipalities have announced new guidelines regarding restaurant operations.

For the second quarter through May 24, 2020 comparable restaurant sales decreased approximately 49.8% from the same period last year.  Selected weekly comparable restaurant sales and average sales per restaurant data for the second quarter through May 24, 2020 are as follows:

	---------------------------------------- 2Q 2020 ---------------------------------------
	Week Ending
	4/5	4/12		4/19	4/26	5/3	5/10	5/17	5/24
Comparable Restaurant Sales	(60.8)%	(57.4)%		(50.2)%	(52.7)%	(61.0)%	(39.4)%	(45.4)%	(31.3)%
Average Sales per Restaurant	$33,873	$36,440		$42,660	$42,300	$40,200	$57,500	$48,500	$61,630
Number of Restaurants Open	92	92		92	92	92	92	92	92
Number of Opened Dining Rooms (1)	—	—		—	—	—	7	53	74
(1) Represents the dining rooms open as of the end of each week designated. On May 1st we tested reopening of one restaurant.

As a result of the pandemic, the Company transformed its existing take-out and delivery business to a safe and efficient operation for its guests as well as employees and more than tripled its pre-COVID-19 off-premise sales entering the second quarter of 2020. Cinco de Mayo had a favorable impact on our comparable restaurant sales during the week ending May 10th, as it was celebrated a week prior in fiscal 2019.