COLUMBUS, OHIO--(BUSINESS WIRE)--The Ohio-based taco and tequila company, Condado Tacos, announced the appointment of Natalie Harden as its new Chief Financial Officer. Ms. Harden joins the fast-growing restaurant company with 20 years of experience in both restaurant and consumer-related corporate finance. “We are pleased to welcome Natalie to the Condado team. As a results-driven leader, she brings a dynamic, data-based approach to growth, financial planning and business strategy” said John G. Troiano, ...

DURANGO, Colo., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) (the "Company", "we", "RMC", or "Rocky Mountain Chocolate"), an international franchisor and producer of premium chocolates and other confectionery products including gourmet caramel apples, today announced that the Board of Directors ("Board") has appointed Starlette B. Johnson to the role of Interim Chief Executive Officer ("CEO"). Ms. Johnson has been a director on the RMC Board since March 2023. She br ...

Steve Hislop - Chairman, President & CEO Nick Setyan - Wedbush Securities Good day, everyone, and welcome to the Chuy's Holdings Third Quarter of 2023 Earnings Conference Call. Today's call is being recorded. At this time, all participants have been placed in a listen-only mode and the lines will be open for questions following the prepared remarks. Before we begin our formal remarks, I need to remind everyone that part of our discussions today will include forward-looking statements. These forward-looking ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 24, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-35603 __________________________________ CHUY'S HOLDINGS, INC. (Exact name of regist ...

Company Participants Jon Howie - VP, CFO & Director Conference Call Participants David Tarantino - Robert W. Baird & Co. Andrew Barish - Jefferies At this time, I'll turn the call over to Mr. Howie. Please go ahead, sir. Chuy's Holdings, Inc. (NASDAQ:CHUY) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Steven Hislop - Chairman, President & CEO Joshua Long - Stephens Inc. Aisling Grueninger - Piper Sandler & Co. Nerses Setyan - Wedbush Securities Todd Brooks - The Benchmark Company Operator On to ...

Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 20-5717694 (State of Incorporation or Organization)(I.R.S. Employer Identification No.) 1623 Toomey Rd. Austin, Texas 78704 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (512) 473-2783 __________________________________ Securities registered pursuant to Section 12(b) of the Act: Large accelerated filer ☐ Accelerated filer ☑ Emerging g ...

Nick Setyan Steve Hislop Operator Alex Slagle Steve Hislop Jon Howie And then a question on the dine-in traffic versus kind of maybe where we are versus the base of 2019 or so and kind of how that's looking and the opportunity to further fill the dining room and what the margin implications could be as you look ahead. Yes, so we're running traffic in kind of the mid- to upper 70s right now of what we did in 2019. As you know, and we've been very open with that, we've reduced the number of tables in our rest ...

Part I – Financial Information [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Q1 2023, detailing financial position and performance [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of March 26, 2023, total assets increased to $479.4 million, driven by cash, while liabilities decreased and stockholders' equity grew Consolidated Balance Sheet Highlights (in thousands) | Account | March 26, 2023 (Unaudited) | December 25, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $82,598 | $78,028 | | Total current assets | $91,215 | $87,818 | | Total assets | $479,433 | $474,781 | | Total current liabilities | $43,487 | $44,358 | | Total liabilities | $226,855 | $230,220 | | Total stockholders' equity | $252,578 | $244,561 | [Unaudited Condensed Consolidated Income Statements](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Income%20Statements) Q1 2023 revenue grew 12.0% to $112.5 million, with net income up 49.0% to $8.2 million and diluted EPS at $0.45 Q1 2023 vs Q1 2022 Income Statement (in thousands, except per share data) | Metric | Thirteen Weeks Ended March 26, 2023 | Thirteen Weeks Ended March 27, 2022 | | :--- | :--- | :--- | | Revenue | $112,498 | $100,486 | | Income from operations | $8,370 | $6,083 | | Net income | $8,222 | $5,518 | | Basic EPS | $0.46 | $0.29 | | Diluted EPS | $0.45 | $0.29 | [Unaudited Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity increased to $252.6 million as of March 26, 2023, primarily due to net income, partially offset by share repurchases - Net income of **$8.2 million** increased retained earnings[17](index=17&type=chunk) - Stock-based compensation added **$1.0 million** to paid-in capital[17](index=17&type=chunk) - Indirect share repurchases for tax withholdings amounted to **$1.5 million**[17](index=17&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations significantly increased to $12.1 million in Q1 2023, leading to a $4.6 million overall cash increase Summary of Cash Flows (in thousands) | Activity | Thirteen Weeks Ended March 26, 2023 | Thirteen Weeks Ended March 27, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $12,129 | $6,851 | | Net cash used in investing activities | ($6,318) | ($2,613) | | Net cash used in financing activities | ($1,241) | ($21,146) | | Net increase (decrease) in cash | $4,570 | ($16,908) | | Cash and cash equivalents, end of period | $82,598 | $89,713 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail 99 restaurant operations, a $50.0 million share repurchase program, and an IRS dispute over tenant allowances - As of March 26, 2023, the Company operated **99 restaurants** across 17 states[21](index=21&type=chunk) - A **$50.0 million** share repurchase program was authorized through December 31, 2024, with the full amount remaining available as of March 26, 2023[35](index=35&type=chunk) - The company is in a dispute with the IRS regarding tenant allowances, with a potential tax liability ranging from **$0.5 million to $2.5 million** if the IRS position is upheld[48](index=48&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=17&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 performance, highlighting 12.0% revenue growth from strong comparable sales and a robust financial position [Overview](index=17&type=section&id=Overview) Chuy's is a growing full-service Mexican and Tex-Mex restaurant concept, operating 99 restaurants across 17 states - As of March 26, 2023, Chuy's operated **99 restaurants** in 17 states[60](index=60&type=chunk) - The company's motto, 'If you've seen one Chuy's, you've seen one Chuy's!', reflects its unique, eclectic, and family-friendly atmosphere[60](index=60&type=chunk) [Performance Indicators](index=17&type=section&id=Performance%20Indicators) Key performance indicators for Q1 2023 show comparable restaurant sales increased by 8.0%, driven by higher average weekly customers and average check Key Performance Indicators | Indicator | Thirteen Weeks Ended March 26, 2023 | Thirteen Weeks Ended March 27, 2022 | | :--- | :--- | :--- | | Total open restaurants (end of period) | 99 | 96 | | Change in comparable restaurant sales | 8.0% | 11.4% | | Average unit volumes (in thousands) | $1,133 | $1,054 | | Average check | $18.81 | $17.71 | - The **8.0%** increase in comparable restaurant sales was driven by a **1.8%** increase in average weekly customers and a **6.2%** increase in average check[65](index=65&type=chunk) [Results of Operations](index=18&type=section&id=Results%20of%20Operations) Q1 2023 revenue increased 12.0% to $112.5 million, with net income growing to $8.2 million, while cost of sales decreased and labor costs rose Income Statement Summary (in thousands) | Line Item | Q1 2023 | Q1 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenue | $112,498 | $100,486 | $12,012 | 12.0% | | Income from operations | $8,370 | $6,083 | $2,287 | 37.6% | | Net income | $8,222 | $5,518 | $2,704 | 49.0% | - Revenue growth was driven by an **8.0%** increase in comparable restaurant sales and incremental revenue from new restaurants[65](index=65&type=chunk) - Labor costs as a percentage of revenue rose to **30.3%** from **29.7%** due to approximately **7%** hourly labor rate inflation, despite menu price increases[65](index=65&type=chunk) [Liquidity and Capital Resources](index=20&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with $82.6 million cash, no debt, full credit facility availability, and a new $50.0 million share repurchase program - As of March 26, 2023, the Company had **$82.6 million** in cash and cash equivalents, no debt, and **$35.0 million** of availability under its revolving credit facility[78](index=78&type=chunk) - A new share repurchase program for up to **$50.0 million** was approved in October 2022, with the full amount available as of March 26, 2023[78](index=78&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=22&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes to quantitative and qualitative disclosures about market risk were reported from the prior Annual Report on Form 10-K - There have been no material changes to market risk disclosures from the previously filed Annual Report[70](index=70&type=chunk) [Controls and Procedures](index=23&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of March 26, 2023, with no material changes to internal control over financial reporting - Disclosure controls and procedures were effective as of March 26, 2023, as concluded by the principal executive and financial officers[83](index=83&type=chunk) - No material changes occurred in internal control over financial reporting during the quarter ended March 26, 2023[73](index=73&type=chunk) Part II – Other Information [Legal Proceedings](index=24&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no material legal proceedings during the period - The company reports no material legal proceedings[91](index=91&type=chunk) [Risk Factors](index=24&type=section&id=Item%201A.%20Risk%20Factors) No material changes were reported to the risk factors previously disclosed in the company's Annual Report filed with the SEC - There have been no material changes from the risk factors previously disclosed in the Annual Report filed with the SEC[84](index=84&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=24&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section of the report did not contain any information [Defaults Upon Senior Securities](index=24&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[91](index=91&type=chunk) [Mine Safety Disclosures](index=24&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - None[91](index=91&type=chunk) [Other Information](index=24&type=section&id=Item%205.%20Other%20Information) The company reported no other information required to be disclosed in this section - None[91](index=91&type=chunk) [Exhibits](index=24&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL documents - The report includes required certifications from the CEO and CFO (Exhibits 31.1, 31.2, 32.1) and Inline XBRL data files (Exhibits 101 and 104)[91](index=91&type=chunk)

Our profitability and operating margins are dependent in part on our ability to anticipate and react to changes in food costs. We rely on our national distributor, PFG, and various other suppliers to provide our beef, cheese, beans, soybean oil, beverages and our groceries. For our chicken products, we rely on two suppliers for all of our locations. See "Item 1. Business—Sourcing and Supply" for information regarding our suppliers. Any increase in distribution prices, increase in the prices charged by suppl ...

Chuy's Holdings, Inc. (NASDAQ:CHUY) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Jon Howie - Vice President & Chief Financial Officer Mary Hodes - Baird 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. With that out of the way, I'd like to turn the call over to Chuy's President and CEO, Steve Hislop. Company Participants Conference Call Participants And welcome to the Chuy ...