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Chuy's Holdings, Inc.
Company typePublic
Nasdaq: CHUY
S&P 600 component
IndustryRestaurant
Founded1982; 42 years ago (1982)
FoundersMike Young
John Zapp
Headquarters
Austin, Texas
,
United States
Number of locations
100[1] (2023)
Area served
United States
Key people
Steve Hislop (CEO)
RevenueIncrease US$422 million[2] (2022)
Number of employees
7,400[2] (2022)
Websitechuys.com

Chuy's Holdings, Inc. is a Tex-Mex restaurant chain established in 1982 in Austin, Texas, by Mike Young and John Zapp.[3] As of July 2024, Chuy's had 101 restaurants across 15 states in Arkansas, Louisiana, Colorado, Texas, Virginia, Florida, Ohio, Indiana, Tennessee, Georgia, Alabama, Kentucky, Oklahoma, North Carolina, and South Carolina.[4]

History

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Chuy's first location opened in 1982 on Barton Springs Road in Austin, Texas.[5]

On May 31, 2001, then President George W. Bush's twin daughters, Jenna Bush and Barbara Bush, were cited for using fake IDs at the Barton Springs Road Chuy's,[6][7] which put Chuy's in the national spotlight.[8][9][10][11]

In 2009, Chuy's opened its first restaurant outside of Texas, in Franklin, Tennessee.[5]

On July 24, 2012, Chuy's went public with a $75.8 million dollar IPO.[12] At that time they operated 36 locations in 7 states.

Cofounder Mike Young died on August 11, 2023, at the age of 74.[5]

In July 2024, Darden Restaurants agreed to acquire Chuy's in an all-cash deal valued at $605 million.[13]

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Chuy's serves Tex-Mex cuisine, such as enchiladas, fajitas, tacos, and burritos as well as alcoholic cocktails. The food is prepared in each restaurant.[14]

Charitable contributions

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Chuy’s Children Giving to Children Parade has annually collected toys to be distributed to underprivileged children via the Operation Blue Santa's city of Austin Police Department not-for-profit organization since 1988.[15]

See also

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References

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  1. ^ "Form 10-Q" (PDF). U.S. Securities and Exchange Commission. September 24, 2023. Retrieved January 1, 2024.
  2. ^ a b "Form 10-K" (PDF). U.S. Securities and Exchange Commission. December 25, 2022. Retrieved January 1, 2024.
  3. ^ "Our Story". chuys.com. Retrieved December 22, 2019.
  4. ^ "Darden Restaurants to Acquire Chuy's Holdings, Inc. in Approximately $605 Million Transaction". Chuy's Holdings, Inc. July 17, 2024. Retrieved July 18, 2024.
  5. ^ a b c "Mike Young, co-founder of Chuy's, has died". KXAN Austin. August 12, 2023. Retrieved August 14, 2023.
  6. ^ "President Bush's daughters using fake ID at Chuy's (pt 1)". Austin American-Statesman. June 1, 2001. p. 13. Retrieved August 14, 2023.
  7. ^ "President Bush's daughters using fake ID at Chuy's (pt 2)". Austin American-Statesman. June 1, 2001. p. 39. Retrieved August 14, 2023.
  8. ^ Ellison, Michael (May 31, 2001). "Fake ID lands Bush daughter in trouble with law - again". The Guardian. ISSN 0261-3077. Retrieved August 14, 2023.
  9. ^ "EATERY SORRY IT DROPPED DIME ON BUSH TWINS". June 6, 2001. Retrieved August 14, 2023.
  10. ^ Kurtz, Howard (May 31, 2001). "Bush Daughters Grab the Spotlight". Washington Post. ISSN 0190-8286. Retrieved August 14, 2023.
  11. ^ "Bush daughter used borrowed ID in new alcohol incident, police say - May 30, 2001". www.cnn.com. Retrieved August 14, 2023.
  12. ^ "Chuy's 2012 IPO". Austin American-Statesman. July 25, 2012. pp. B7. Retrieved August 14, 2023.
  13. ^ DURBIN, DEE-ANN. "Darden Restaurants buys Tex-Mex chain Chuy's for $605 million". ABC News. Retrieved July 18, 2024.
  14. ^ Williams, JaNae. "Chuy's opens first Oklahoma City location with a 'Boom-boom'". The Oklahoman. Retrieved July 18, 2024.
  15. ^ Garcia, Evelin (November 23, 2018). "Chuy's Children Giving to Children Parade Returns This Weekend". The Austin Chronicle. Retrieved January 23, 2020.
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