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BJ’s Restaurants, Inc. Reports Fiscal First Quarter 2025 Results
BJ’sBJ’s(US:BJRI) Globenewswire·2025-05-01 20:02

Core Insights - BJ's Restaurants, Inc. raised its annual earnings outlook and share repurchase range, reflecting confidence in its strategic growth plans and sales initiatives [4][7]. Financial Performance - For the first quarter of fiscal 2025, total revenues increased by 3.2% to $348.0 million compared to the same period in 2024 [7]. - Comparable restaurant sales rose by 1.7% [7]. - Diluted net income per share was $0.58, a significant increase of 79.8% from $0.32 in the previous year [7]. - Adjusted diluted net income per share reached $0.59, up 68.6% from $0.35 [7]. - Restaurant level operating profit was $55.6 million, marking a 10.1% increase, with a margin of 16.0%, up 100 basis points year-over-year [7][27]. - Adjusted EBITDA was $35.4 million, reflecting a 20.3% increase from $29.4 million [7][28]. Share Repurchase Program - In the first quarter of 2025, the company repurchased approximately 404,000 shares at a cost of about $14.1 million, with $72 million remaining under its authorized share repurchase program [6][9]. Future Outlook - The company anticipates comparable restaurant sales growth of 2% to 3% for fiscal 2025 [8]. - Projected restaurant level operating profit is expected to be between $210 million to $219 million [8]. - Adjusted EBITDA is forecasted to be between $131 million to $140 million [8]. - Capital expenditures are estimated to be between $65 million to $75 million [8]. - Share repurchases are expected to range from $45 million to $55 million [9]. Strategic Initiatives - The company is focusing on enhancing guest and team member experiences, which has contributed to a 2.7% improvement in traffic, outperforming the industry average by 320 basis points [5]. - Management is confident in the effectiveness of its initiatives aimed at driving sales and profitability, with plans to implement brand positioning strategies in the second half of the year [5].