BJ's Restaurants, Inc. (NASDAQ:BJRI) Q1 2023 Earnings Conference Call April 27, 2023 5:00 PM ET Company Participants Rana Schirmer - Director of Securities Greg Levin - President and Chief Executive Officer Thomas Houdek - Chief Financial Officer Conference Call Participants Alexander Slagle - Jefferies Jeffrey Bernstein - Barclays David Tarantino - Baird Nick Setyan - Wedbush Securities Andrew Wolf - C. L. King Joshua Long - Stevens Inc. Sharon Zackfia - William Blair Todd Brooks - Benchmark Company Jon T ...

PART II CALCULATION OF AGGREGATE MARKET VALUE OF NON-AFFILIATE SHARES | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|-----------------------------------|----------------------------------------------|-------------------------------------------------------------------------------------------------------------------------| | Stock-based compensation pla ...

Rana Schirmer - Director of Securities Alexander Slagle - Jefferies Todd Brooks - Benchmark Company Operator Greg Levin Our agenda today will start with Rana Schirmer, our Director of SEC Reporting, providing our standard cautionary disclosure with respect to forward-looking statements. I will then provide an update on our business and current initiatives and then Tom Houdek will provide some commentary on the quarter and the current environment. After that, we will open it up to questions. Thanks, Greg. Ou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 27, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______ Commission file number 0-21423 BJ'S RESTAURANTS, INC. (Exact name of registrant as specified in its charter) California 33-04856 ...

BJ's Restaurants, Inc. (NASDAQ:BJRI) Q3 2022 Earnings Conference Call October 20, 2022 5:00 PM ET Company Participants Greg Levin - Chief Executive Officer and President Rana Schirmer - Director of SEC Reporting Tom Houdek - Senior Vice President and Chief Financial Officer Greg Lynds - Executive Vice President and Chief Development Officer Conference Call Participants Alex Slagle - Jefferies Jon Tower - Citi Nicole Miller - Piper Sandler Drew North - Baird Joshua Long - Stephens Inc Todd Brooks - The Bench ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 28, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______ Commission file number 0-21423 BJ'S RESTAURANTS, INC. (Exact name of registrant as specified in its charter) California 33-0485615 (S ...

BJ's Restaurants, Inc. (NASDAQ:BJRI) Q2 2022 Earnings Conference Call July 21, 2022 5:00 PM ET Company Participants Greg Levin - Chief Executive Officer Rana Schirmer - Director of SEC Reporting Tom Houdek - Senior Vice President & Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Drew North - Baird Alex Slagle - Jefferies Todd Brooks - The Benchmark Company Jon Tower - Citi Sharon Zackfia - Blair Operator Good day and welcome to the BJ's Restaurants, Inc. Second Quarter 2022 ...

Financial Performance - Total revenues increased by $75.4 million, or 33.8%, to $298.7 million for the thirteen weeks ended March 29, 2022, compared to $223.3 million for the same period in 2021[57]. - Comparable restaurant sales rose by 33.9%, or $74.0 million, driven by a 26.4% increase in guest traffic and a 7.5% increase in average check[57]. - Net income for the thirteen weeks ended March 29, 2022, was 0.5%, compared to a net loss of (1.4)% for the same period in 2021[56]. - Total costs and expenses decreased to 102.6% of revenues from 103.7% in the prior year[56]. Cost Management - Cost of sales increased by $25.3 million, or 45.1%, to $81.5 million, with cost of sales as a percentage of revenues rising to 27.3% from 25.1%[57]. - Labor and benefit costs increased by $34.6 million, or 42.4%, to $116.3 million during the same period[57]. - Labor and benefit costs increased to 38.9% of revenues for the thirteen weeks ended March 29, 2022, up from 36.6% in the prior year[59]. - Occupancy and operating expenses rose by $11.9 million, or 19.8%, to $71.7 million, while as a percentage of revenues, these expenses decreased to 24.0% from 26.8%[59]. - General and administrative expenses increased by $3.0 million, or 19.6%, to $18.3 million, with a decrease in percentage of revenues to 6.1% from 6.8%[59]. - Depreciation and amortization expenses decreased to 6.0% of total revenues from 8.2%[56]. Cash Flow and Investments - Net cash provided by operating activities was $0.6 million, a decrease of $13.6 million from $14.2 million in the prior year[63]. - Net cash used in investing activities increased by $4.7 million to $11.5 million, primarily due to new restaurant openings and remodels[64]. - Total capital expenditures for fiscal 2022 are anticipated to be approximately $90 million to $95 million, including costs for opening up to eight new restaurants[66]. - The company plans to open as many as eight new restaurants in fiscal 2022, with signed leases and agreements for all new locations[66]. Debt and Taxation - Interest expense, net, decreased by $0.8 million to $0.6 million due to a lower average debt balance[59]. - The effective income tax rate for the thirteen weeks ended March 29, 2022, reflected a 116.8% tax benefit compared to a 66.3% tax benefit in the prior year[59]. - The current ratio decreased to 0.4:1.0 from 0.5:1.0, indicating a decline in liquidity[61]. - The company has a $215 million Credit Facility, with $50 million currently outstanding, exposing it to interest rate risk; a hypothetical 1% change in interest rates would impact net income by approximately $0.4 million annually[75]. Operational Challenges - The company is experiencing distribution disruptions and commodity cost inflation due to the COVID-19 pandemic, which has led to food and supply shortages[76]. - The company attempts to manage commodity price risks by entering into fixed-price purchase commitments, typically up to one year, for some of its commodity requirements[76]. - The company is exposed to risks from shortages, delays, or interruptions in the supply chain due to various operational disruptions beyond its control[76]. - Many leases for the company's restaurants include contingent rent obligations based on a percentage of sales, meaning rent expenses will absorb a share of any menu price increases[71]. - The company's financial results are significantly impacted by seasonal factors and the timing of new restaurant openings, which may not be indicative of full fiscal year results[72]. - The company believes it has flexibility to increase certain menu prices in response to food commodity price increases[76]. Corporate Governance - The company has suspended its share repurchase program, which was funded through its Credit Facility[75]. - The company acknowledges that actual results may differ materially from forward-looking statements regarding market risks[74]. - The company has no significant changes in its critical accounting policies during the thirteen weeks ended March 29, 2022[73]. - The company operates 213 restaurants across 29 states as of May 2, 2022[52]. - The company’s proprietary craft beer is produced at several locations and by independent third-party brewers using proprietary recipes[52].

BJ’s Restaurants, Inc. (NASDAQ:BJRI) Q1 2022 Results Conference Call April 21, 2022 5:00 PM ET Company Participants Greg Levin - CEO Tom Houdek - CFO Greg Lynds - Chief Development Officer Rana Schirmer - Director of SEC Reporting Conference Call Participants Alex Slagle - Jefferies David Tarantino - Baird Joshua Long - Piper Sandler Brian Mullan - Deutsche Bank Jeffrey Bernstein - Barclays Todd Brooks - The Benchmark Company Jon Tower - Citi Nick Setyan - Wedbush Securities Operator Good day, ladies and ge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-21423 BJ'S RESTAURANTS, INC. (Exact name of registrant as specified in its charter) California 33-0485615 (State or other jurisdiction ...