Chuy’s Holdings, Inc. (CHUY) (the "Company") today provided preliminary 1Q20 sales results and a business update on the impact of the COVID-19 pandemic and actions the Company is taking to navigate this unprecedented time. Preliminary comparable restaurant sales for the first quarter of 2020 are expected to decrease by 9.7%.

Chuy's (CHUY) delivered earnings and revenue surprises of 116.67% and 0.75%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

The number of cases of COVID-19, the illness created by the novel coronavirus, continued to climb on Monday, with the U.S. tally nearing 145,000 as President Donald Trump extended social restrictions until at least the end of April.

NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Chuy's Holdings, Inc. (NASDAQ:CHUY) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 21, 2020 at 5:00 PM ...

Chuy’s Holdings, Inc. (CHUY) today announced that it will host a conference call to discuss first quarter 2020 financial results on Thursday, May 21, 2020 at 5:00 PM Eastern Time. A press release with first quarter 2020 financial results will be issued that same day after the market close. The conference call can be accessed live over the phone by dialing 877-407-0789 or for international callers by dialing 201-689-8562.

Restaurant stocks have been whipsawed by poor earnings, Covid-19 warnings from health experts, and hopes about reopenings and vaccine progress. Analyst Brian Vaccaro notes that restaurants’ ability to raise capital in recent weeks has bolstered balance sheets, in many cases pushing off any concerns about liquidity to a year or more. “While risks obviously remain, for investors seeking tactical long ideas in an environment of improving weekly sales data as more states reopen (and capacity limits are raised),” there are still restaurant stocks worth buying, he writes.

Chuy's (CHUY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Red Robin (RRGB) is undertaking strategic measures to reduce operating expenses and safeguard business during the COVID-19 pandemic.

BTIG analysts say that Domino’s and Papa John’s will see market share gains as independent pizza restaurant owners succumb to the financial pressures of the coronavirus pandemic.

Q1 2020 Chuy's Holdings Inc Earnings Call

Chuy’s Holdings, Inc. (NASDAQ:CHUY) today announced financial results for the first quarter ended March 29, 2020 and a business update.

Wingstop (WING) anticipates domestic same store sales to grow 9.9% year over year in first-quarter fiscal 2020.

Chuy's Holdings Inc. said Monday that it has furloughed about 40% of workers, including corporate and administrative workers. In addition, all senior management and salaried workers will have their pay temporarily slashed by 25% to 75%. Chuy's has also drawn down the remainder of its credit facility, $25 million, bringing its total cash and cash equivalents on hand to $28 million. The Tex-Mex chain had no debt under its facility at the end of fiscal 2019. Chuy's has withdrawn its financial guidance for fiscal 2020 and cancelled non-essential capital expenditures. The company's total capital expenditures had been expected to reach $23 million to $30 million. Ninety-two of Chuy's restaurants have moved to take-out and delivery only with the remaining nine closed. Chuy's stock has slumped 53% over the past year while the S&P 500 index is down 10.3% for the period.

Darden Restaurants Inc. shares rose 6.3% in Wednesday premarket trading after the Olive Garden parent was upgraded to outperform from neutral at Wedbush based on its $1 billion in cash on hand. Wedbush raised its price target to $94 from $37. Darden said on Tuesday that it drew down $750 million from its revolving credit, which it had not touched, and had a new $270 million term loan agreement. The cash burn rate is $25 million per week. Its to-go business at both Olive Garden and Longhorn Steakhouse has grown for the quarter to date. For the week ending April 5, Olive Garden generated $39.1 million in sales and Longhorn Steakhouse tallied $19.9 million. Overall, Wedbush said casual chains, including Texas Roadhouse Inc. and Chuy's Holdings Inc. , are well-positioned for the pandemic and the recovery. "Based on the cash burn we model through Q3 for each of our casual diners, we believe each has now secured ample liquidity," analysts said. Darden stock has slumped 50.6% over the past year while the S&P 500 index is down 8.2% for the period.

On today's call, we have Steve Hislop, President and Chief Executive Officer; and Jon Howie, Vice President and Chief Financial Officer of Chuy's Holdings, Incorporated. At this time, I'll turn the conference over to Mr. Howie.

Dave & Buster's (PLAY) top line in fourth-quarter fiscal 2019 gains from solid Amusements and Other revenues as well as Food and Beverage revenues.

The number of cases of the coronavirus that causes COVID-19 rose above 2.50 million on Tuesday, as President Donald Trump said he would temporarily suspend immigration and New York’s death tally crossed the 18,000 mark.

Chuy’s Holdings, Inc. (CHUY) today announced that the record date for determining stockholders entitled to vote at the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be June 2, 2020. The Annual Meeting will be held at 9:00 a.m. Central Time on Thursday, July 30, 2020 at the Chuy’s headquarters located at 1623 Toomey Rd. Austin, TX 78704. Attendance at the meeting will be limited to stockholders of record and beneficial owners who provide proof of beneficial ownership as of the record date (such as an account statement, a copy of the voting instruction card provided by a broker, bank, trustee, or nominee, or other similar evidence of ownership).

Domino's (DPZ) preliminary first-quarter fiscal 2020 results reflect the impact of coronavirus outbreak.

Chuy's Holdings Inc. reported a preliminary first-quarter same-store sales decline of 9.7%. Same-store sales grew 3.1% for the first 10 weeks of the quarter, but fell 16.8%, 67.0% and 63.5%, respectively, for the final three weeks. For the first three weeks of the second quarter, same-store sales have fallen 60.8%, 57.4% and 49.7%, respectively. Off-premise average sales have grown from $12,000 for the week ending March 8 to $42,660 for the week ending April 19. Cash burn is about $500,000 per week. Chuy's has furloughed 80% of its hourly workers, about 40% of store management and 40% of corporate and administrative staff with temporary salary cuts for those remaining. Senior management salaries have been reduced by 50% to 75%, and board fees and rent payments have been suspended. Chuy's is negotiating an extension of its revolving credit facility to the end of 2021 and an easing of covenants. Chuy's stock has slumped 31.8% over the past year while the S&p 500 index is down 2.8%