Chuy's says q1 2020 preliminary comparable restaurant sales are expected to fall 9.7%

Chuy's holdings - preliminary comparable restaurant sales for q1 of 2020 are expected to decrease by 9.7%.chuy's holdings inc - as of april 17, 2020, company estimates a cash burn rate of approximately $500,000 per week.chuy's - temporarily suspended payment of rent on operating leases,currently negotiating rent concessions, abatements and deferrals with landlords.chuy's - as of end of q1 of 2020, furloughed approximately 80% of hourly employees and approximately 40% of store management personnel.chuy's holdings inc - expects approximately $3.0 million in tax refunds due to cares act.chuy's holdings inc - currently in favorable negotiations with its lender to extend its revolving credit facility through end of 2021.chuy's holdings inc - currently in favorable negotiations with its lender to temporarily ease covenant requirements.chuy's - enacting temporary salary reductions for remaining managers.
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