Chuy's

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Chuy's Holdings, Inc.
Company type Subsidiary
Industry Restaurant
Founded1982;43 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)
RevenueIncrease2.svgUS$422 million [2]  (2022)
Number of employees
7,400 [2]  (2022)
Parent Darden Restaurants
Website chuys.com

Chuy's Holdings, Inc. is an American Tex-Mex restaurant chain founded 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]

Contents

History

The first Chuy's 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] A second outside of Texas opened in March 2010 in Murfreesboro TN, followed that summer by locations in Birmingham AL and Louisville KY. 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] The acquisition was completed on October 11, 2024. [14]

Founders were Mike Young and John Zapp.

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. [15]

Charitable contributions

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. [16]

See also

References

  1. ↑ "Form 10-Q" (PDF). U.S. Securities and Exchange Commission. September 24, 2023. Retrieved January 1, 2024.
  2. 1 2 "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. 1 2 3 "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. ↑ "Chuy's to relocate headquarters after sale to Orlando-based restaurant operator becomes official". October 13, 2024.
  15. ↑ Williams, JaNae. "Chuy's opens first Oklahoma City location with a 'Boom-boom'". The Oklahoman. Retrieved July 18, 2024.
  16. ↑ 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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