Core Insights - BJ's Restaurants, Inc. (BJRI) reported strong fourth-quarter fiscal 2024 results, with earnings and revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth [1][4] Financial Performance - Adjusted earnings per share (EPS) for the quarter were 47 cents, surpassing the consensus estimate of 35 cents, and up from 45 cents in the same quarter last year [4] - Total revenues reached $344.3 million, exceeding the consensus mark of $337 million by 2.1%, and increased by 6.4% year over year [4] - Comparable restaurant sales rose by 5.5% year over year, compared to a 0.6% increase in the prior-year quarter [5] Operational Efficiency - Restaurant-level operating profit margin improved by 100 basis points year over year to 15.4%, compared to 14.4% in the previous year [7] - Labor costs as a percentage of sales decreased to 35.8% from 36.5% year over year, while occupancy and operating costs also improved to 22.9% from 23.6% [6] Balance Sheet - As of December 31, 2024, cash and cash equivalents totaled $26.1 million, down from $29.1 million at the end of fiscal 2023, while total debt decreased to $66.5 million from $68 million [8] Fiscal 2024 Highlights - Total revenues for fiscal 2024 were $1.36 billion, up from $1.33 billion in fiscal 2023, while net income decreased to $16.7 million from $19.7 million [9] - Adjusted EPS for fiscal 2024 was $1.47, compared to $1.08 in the previous year [9] 2025 Outlook - For fiscal 2025, the company expects comparable restaurant sales to increase by 2% to 3% year over year, with restaurant-level operating profit projected between $205 million and $215 million [11] - Adjusted EBITDA is forecasted to be between $127 million and $137 million, with capital expenditures expected to range from $65 million to $75 million [11]

Financial Data and Key Metrics Changes - Comparable same-restaurant sales increased by 5.5%, driven primarily by guest traffic, with strength across all dayparts and channels [13][50]. - Restaurant-level margins improved to 15.4%, a 100 basis points increase from the previous year, with restaurant-level operating profit reaching $52.9 million, a 14% increase year-over-year [14][52]. - Adjusted EBITDA for Q4 was $33.1 million, representing a 21% increase from the prior year, with an adjusted EBITDA margin of 9.6%, a 120 basis points improvement [14][53]. Business Line Data and Key Metrics Changes - The Pizookie Meal Deal and holiday large party offerings were highlighted as successful promotions that resonated with guests, contributing to sales performance [21][90]. - The company engaged in significant brand positioning initiatives, which are expected to enhance operational efficiency and guest experience [15][28]. Market Data and Key Metrics Changes - Comp sales outperformed the industry by 3.7 percentage points, and traffic outperformed by 6.8 percentage points, indicating strong market share growth [50][61]. - The company noted that weather impacts and consumer conservatism affected sales trends in early 2025, with expectations for Q1 comp sales near 2% [62][96]. Company Strategy and Development Direction - The company is focused on brand refresh and growth initiatives, with four strategic priorities: team member experience, handcrafted food and beverage, delivering WOW hospitality, and keeping the atmosphere fresh [29][40]. - Plans include remodeling up to 30 existing locations and opening one new restaurant in 2025, with a targeted pipeline for future growth [44][46]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to build on recent achievements and strengthen financial metrics moving forward [11][12]. - The outlook for 2025 anticipates comparable restaurant sales growth in the range of 2% to 3%, with expectations for margin expansion and continued investment in brand positioning [61][63]. Other Important Information - The company reported a net loss of $5.3 million for Q4, influenced by extraordinary items including asset impairment charges [54][55]. - The company ended Q4 with net debt of $40.4 million, reflecting a $7.7 million reduction from the previous quarter [60]. Q&A Session Summary Question: Clarification on restaurant level profit guidance and margin implications - Management indicated a path to expand margins across various categories, with expectations for both dollar and percentage growth [71][72]. Question: Thoughts on marketing spend to drive traffic in fiscal '25 - The company plans to maintain a targeted marketing strategy, focusing on core markets and efficient spending [85][87]. Question: Assessment of value delivery and future promotional strategies - Management believes there is more potential with the Pizookie Meal Deal and plans to comprehensively review the value strategy to enhance guest satisfaction [90][92]. Question: Impact of weather and consumer behavior on Q1 performance - Management noted that weather has impacted results, estimating a loss of over 100 basis points due to adverse conditions [96][97]. Question: Simplification efforts on the menu - The company sees opportunities to streamline the menu, focusing on removing underperforming items to enhance execution and innovation [104][107].

BJ's Restaurants (BJRI) reported $344.34 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 6.4%. EPS of $0.47 for the same period compares to $0.34 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $337.4 million, representing a surprise of +2.06%. The company delivered an EPS surprise of +34.29%, with the consensus EPS estimate being $0.35.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

BJ's Restaurants (BJRI) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.29%. A quarter ago, it was expected that this restaurant chain would post earnings of $0.03 per share when it actually produced a loss of $0.13, delivering a surprise of -533.33%.Over the last four quarters, th ...

Fiscal Fourth Quarter 2024 Compared to Fourth Quarter 2023, as applicable Fiscal 2024 Compared to Fiscal 2023, as applicable EXHIBIT 99.1 BJ's Restaurants, Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2024 Results Provides 2025 Financial Outlook; Announces $50 Million Increase in Share Repurchase Authorization HUNTINGTON BEACH, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) -- BJ's Restaurants, Inc. (NASDAQ: BJRI) today reported financial results for its fiscal 2024 fourth quarter and year ended Tuesday, Dece ...

Provides 2025 Financial Outlook; Announces $50 Million Increase in Share Repurchase AuthorizationHUNTINGTON BEACH, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (NASDAQ: BJRI) today reported financial results for its fiscal 2024 fourth quarter and year ended Tuesday, December 31, 2024. Fiscal Fourth Quarter 2024 Compared to Fourth Quarter 2023, as applicable Total revenue increased 6.4% to $344.3 millionComparable restaurant sales increased 5.5%Diluted net loss per share was $0.23, a decr ...

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 ...

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.bjsrestau ...

HUNTINGTON BEACH, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (“BJ’s” or the “Company”) (NASDAQ: BJRI) today announced that it has entered into a cooperation agreement (the “Cooperation Agreement”) with Act III Holdings, LLC and various affiliates of Ronald M. Shaich (collectively with its affiliates, “Act III”). “We are pleased to announce this agreement with Act III and its Managing Partner and Chief Executive Officer, Ron Shaich, who are well regarded for their restaurant industry ac ...