BJ’s(BJRI) - 2026 Q3 - Quarterly Results

Financial Performance - Total revenues for Q3 2025 increased by 1.4% to $330.2 million compared to Q3 2024[7] - Comparable restaurant sales grew by 0.5% year-over-year[7] - Adjusted EBITDA rose by 14.1% to $21.1 million from $18.5 million[7] - Restaurant level operating profit was $41.3 million, an increase of 8.8%, with a margin of 12.5%, up 80 basis points[7] - For the third quarter ended September 30, 2025, the net income was $465,000, representing 0.1% of total revenues, compared to a net loss of $2,927,000 (0.9%) for the same period in 2024[26] - Adjusted diluted net income per share for the third quarter was $0.04, while the diluted net income per share as reported was $0.02[26] - Restaurant level operating profit for the third quarter was $41,321,000, accounting for 12.5% of total revenues, compared to $37,989,000 (11.7%) in the prior year[29] - Adjusted EBITDA for the third quarter was $21,122,000, which is 6.4% of total revenues, compared to $18,514,000 (5.7%) in the same quarter of 2024[30] Future Projections - The company anticipates comparable restaurant sales growth of approximately 2% for fiscal 2025[8] - Projected restaurant level operating profit for fiscal 2025 is between $211 million and $219 million[8] - Adjusted EBITDA guidance for fiscal 2025 is set between $132 million and $140 million[8] Shareholder Actions - The company repurchased approximately 996,000 shares at a cost of $33.2 million during Q3 2025[6] Debt and Equity - Total debt increased to $89.5 million as of September 30, 2025, from $66.5 million at the end of 2024[18] - Shareholders' equity decreased to $356.2 million as of September 30, 2025, from $370.0 million at the end of 2024[18] Operational Metrics - Comparable restaurant sales increased by 0.5% in the third quarter, while the nine-month period saw a 1.8% increase[26] - The company opened 1 restaurant during the third quarter and had a total of 219 restaurants open at the end of the period[26] - The total number of restaurant operating weeks for the third quarter was 2,847, compared to 2,811 weeks in the same period of 2024[26] Expenses and Losses - The company reported a loss from operations of $997,000 for the third quarter, which is 0.3% of total revenues[29] - The company experienced a leadership transition, resulting in net expenses of $1,688,000 during the nine-month period[30] Compensation - Total stock-based compensation for the third quarter was $2,233,000, representing 0.7% of total revenues[26]