The restaurant industry continues to navigate a dynamic environment shaped by digital transformation, shifting consumer preferences and economic headwinds. Companies in the broader Retail-Wholesale sector, such as Shake Shack Inc. (SHAK) , BJ's Restaurants, Inc. (BJRI) and Texas Roadhouse, Inc. (TXRH) , are set to report their fourth-quarter earnings on Feb. 20.See the Zacks Earnings Calendar to stay ahead of market-making news.The restaurant industry is likely to have experienced notable gains from marketi ...

HUNTINGTON BEACH, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (NASDAQ: BJRI) today announced that it will release its fourth quarter and fiscal year 2024 results after the market closes on Thursday, February 20, 2025. The Company will host an investor conference call at 1:30 p.m. (Pacific) that same day. The conference call will be broadcast live over the Internet. To listen to the conference call, please visit the “Investors” page of the Company’s website located at http://www.bjsresta ...

Company Overview - BJ's Restaurants, Inc. is a national brand with a focus on craft brewing and a diverse menu that includes slow-roasted entrees, signature deep-dish pizza, and the famous Pizookie® dessert [2] - The company has been recognized for its beverage program, winning the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants [2] - Founded in 1978, BJ's operates over 200 casual dining restaurants across 31 states, offering dine-in, take-out, delivery, and catering services [2] Upcoming Financial Results - BJ's Restaurants will release its fourth quarter and fiscal year 2024 results after market close on February 20, 2025 [1] - An investor conference call will be held on the same day at 1:30 p.m. Pacific Time, which will be broadcast live over the Internet [1] - The presentation will be available for 30 days following the call for those who wish to access it later [1]

Core Insights - BJ's Restaurants, Inc. has entered into a cooperation agreement with Act III Holdings, LLC and Ronald M. Shaich, aimed at supporting the company's strategic vision and growth [1][2] - Ron Shaich, known for founding Panera Bread, expressed confidence in BJ's new leadership and their strategic direction, emphasizing collaboration to achieve company goals [2] - Act III Holdings is an investment vehicle focused on building market-leading restaurant and entertainment companies, with BJ's as one of its portfolio investments [4] Company Overview - BJ's Restaurants, Inc. operates over 215 casual dining restaurants across 31 states, offering a diverse menu that includes slow-roasted entrees, signature deep-dish pizza, and the famous Pizookie® dessert [3] - The company has been recognized for its beverage program, winning the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants [3] - BJ's prides itself on high-quality ingredients, bold flavors, and a contemporary dining atmosphere, with services including dine-in, take-out, delivery, and catering [3] Act III Holdings Overview - Act III Holdings, LLC is led by Ronald M. Shaich and focuses on investing in emerging restaurant and entertainment sectors, aiming to create dominant brands in niche markets [4] - The firm leverages industry-specific insights to support its portfolio companies, which include Cava Group and Tatte Bakery & Café, in addition to BJ's [4]

Shares of BJ's Restaurants, Inc. (BJRI) have gained 28.9% in the past three months compared with the industry’s 10% growth. The company has been benefitting from solid Pizookie Meal Deal performance and loyalty program membership expansion. Also, the focus on cost-saving and margin expansion plans bodes well. However, increased food cost inflation and uncertainty regarding discretionary spending are concerning.BJRI's Growth CatalystsBJ’s Restaurants has implemented several sales-building initiatives to driv ...

HUNTINGTON BEACH, Calif., Nov. 13, 2024 /PRNewswire/ -- This holiday season, BJ's Restaurants, Inc. (NASDAQ: BJRI) raises a glass to a milestone: 25 years of brewing its iconic Grand Cru beer. Originally created in 1999 to mark the dawn of the new millennium, Grand Cru has since become a symbol of BJ's dedication to quality and innovation. Known for its complex flavors and festive appeal, it has garnered widespread acclaim as a seasonal favorite, capturing the spirit of celebration and the excitement of ent ...

Revenue and Sales Performance - Total revenues increased by $7.1 million, or 2.2%, to $325.7 million for the thirteen weeks ended October 1, 2024, compared to $318.6 million for the same period in 2023[45] - Comparable restaurant sales rose by 1.7%, or $5.2 million, driven by a 1.3% increase in guest traffic and a 0.4% increase in average check[45] - Total revenues increased by $3.4 million, or 0.3%, to $1.0 billion during the thirty-nine weeks ended October 1, 2024, driven by an $18.5 million increase from new restaurants, despite a 0.2% decline in comparable restaurant sales[47] Cost and Expense Analysis - Cost of sales increased by $4.0 million, or 4.9%, to $86.7 million, with cost of sales as a percentage of revenues rising to 26.6% from 25.9%[45] - Labor and benefit costs increased by $2.5 million, or 2.1%, to $120.7 million, maintaining a consistent percentage of revenues at 37.1%[45] - Occupancy and operating expenses increased by $0.3 million, or 0.4%, to $80.3 million, with the percentage of revenues decreasing to 24.7% from 25.1%[46] - General and administrative expenses rose by $1.5 million, or 7.6%, to $21.0 million, increasing as a percentage of revenues to 6.4% from 6.1%[46] - Cost of sales decreased by $2.7 million, or 1.0%, to $261.5 million, with cost of sales as a percentage of revenues decreasing to 25.8% from 26.2% due to cost savings initiatives[47] - Labor and benefit costs decreased by $1.0 million, or 0.3%, to $372.0 million, with labor costs as a percentage of revenues decreasing to 36.7% from 37.0%[49] - Occupancy and operating expenses decreased by $4.3 million, or 1.8%, to $236.7 million, with expenses as a percentage of revenues decreasing to 23.4% from 23.9%[49] - General and administrative expenses increased by $4.2 million, or 6.9%, to $64.6 million, with expenses as a percentage of revenues increasing to 6.4% from 6.0%[49] Cash Flow and Financial Position - Net cash provided by operating activities was $69.8 million, a decrease of $3.8 million from the prior year[54] - Net cash used in investing activities was $61.0 million, a decrease of $20.9 million from the prior year, primarily due to fewer new restaurant openings[56] - Net cash used in financing activities increased by $14.9 million to $19.5 million, primarily due to an increase in shares repurchased[58] - As of October 1, 2024, the company had cash and cash equivalents of $18.4 million and a current ratio of 0.4:1.0[52] - The company anticipates total capital expenditures for fiscal 2024 to be approximately $75 million, funded by current cash balance, cash flows from operations, and line of credit[57] Market and Economic Factors - Inflation has impacted operations, new restaurant construction, and return on invested capital, with menu price increases partially offsetting these effects[60] - The company has a $215 million Credit Facility, with $66.5 million currently outstanding, and a 1% change in interest rates would affect net income by approximately $0.5 million annually[64] - The business is exposed to food, supplies, and commodity price risks, with costs fluctuating due to market conditions and government regulations[65] - The company attempts to enter into fixed-price purchase commitments for commodities, but may not always be able to do so[65] - Seasonal factors and adverse weather significantly impact restaurant sales volumes, with quarterly results affected by new restaurant openings[61] - The company is exposed to market risks that could lead to material differences in actual results compared to forward-looking statements[63] - The ability to offset inflation effects through menu price increases or cost savings will determine future restaurant profitability[60] - The company believes it has flexibility to adjust menu prices in response to commodity price increases[65] - Macroeconomic conditions affecting consumer discretionary spending may limit the ability to increase menu prices further[60] Taxation - The effective income tax rate for the thirteen weeks ended October 1, 2024, was a benefit of 8.2%, compared to an expense of 11.8% for the same period in 2023[46] Depreciation and Amortization - Depreciation and amortization increased by $0.3 million, or 1.8%, to $18.2 million, remaining consistent at 5.6% of revenues[46] Restaurant Opening Expenses - Restaurant opening expenses decreased by $0.3 million, or 19.1%, to $1.1 million due to the timing of openings[46] Interest Expense - Interest expense, net, increased by $0.3 million to $1.3 million, attributed to a higher average interest rate and outstanding debt balance[46] Accounting Policies - Critical accounting policies require estimates and assumptions that may differ materially from actual results, with no significant changes reported in the last thirty-nine weeks[62]

BJ's Restaurants, Inc. (BJRI) reported third-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Following the results, the company shares fell 5% during the post-market trading session on Oct. 31. Negative investor sentiments were witnessed as the company reported that it had not fully leveraged its traffic growth du ...

BJ's Restaurants, Inc. (NASDAQ:BJRI) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Rana Schirmer - Director, SEC External Reporting Brad Richmond - Interim Chief Executive Officer Lyle Tick - President and Chief Concept Officer Tom Houdek - Chief Financial Officer Conference Call Participants Brian Bittner - Oppenheimer Alex Slagle - Jefferies Jeffrey Bernstein - Barclays Brian Mullan - Piper Sandler Nick Setyan - Wedbush Securities Sharon Zackfia - William Blair Jon Towe ...

BJ's Restaurants (BJRI) reported $325.7 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.2%. EPS of -$0.13 for the same period compares to -$0.16 a year ago.The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $325.59 million. With the consensus EPS estimate being $0.03, the EPS surprise was -533.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...