Chuy’s Holdings, Inc. (NASDAQ:CHUY) Q3 2023 Earnings Call Transcript

Steve Hislop: Yes. Frustrating has been frustrating this year, though, our pipeline is really, really strong for the next few years. We’ve worked really hard on it this year, and we’re further down the road that we feel real comfortable on that 6% to 8% that I mentioned, then with New Braunfels we’re moving back a little bit. Like I said, I think the high end of that range looks pretty comfortable to talk about. So that’s what we did. So again, I think we’re down the road in a lot of these. So we feel pretty — we feel good about the 6% to 8%.

Jon Howie: And getting back into 25%, we still feel good about getting back to that 10% solid growth in ’25.

Andrew Wolf: Okay. And my other thing is as a follow-up on the Uber Eats. I guess that fully lapped in October and partially in September?

Jon Howie: It’s basically week 41. So just slightly after quarter end and Q3.

Andrew Wolf: Okay. So if that’s gone flat in the businesses — if the business is flat versus an exit rate of about two, does that mean — doing my math right, like the 88% of the business that’s not delivered is actually improving sequentially a little bit like in-store dining or something is actually at a slightly…

Jon Howie: We’re seeing a little bit of improvement on that. We also for the fourth quarter.

Andrew Wolf: The industry.

Steve Hislop: Yes. Yes.

Andrew Wolf: Okay. I’m just trying to make sure I can understand that. Okay. You were — were you saying something else?

Steve Hislop: No, that’s fine.

Operator: Ladies and gentlemen, we have reached the end of today’s question-and-answer session. I would now like to turn the call back over to Mr. Steve Hislop for closing remarks.

Steve Hislop: Thank you so much. Jon and I appreciate your continued interest in Chuy’s and are available to answer any and all questions. Again, thank you, and have a good evening.

Operator: Thank you. Ladies and gentlemen, that concludes today’s event. Thank you for attending and you may now disconnect your lines.