BJ’s Restaurants, Inc. Reports Fiscal Second Quarter 2025 Results

Core Insights - BJ's Restaurants, Inc. reported a 4.5% increase in total revenues to $365.6 million for the second quarter of fiscal 2025 compared to the same period in 2024 [8] - The company achieved a 2.9% growth in comparable restaurant sales, with diluted net income per share rising by 34.8% to $0.97 [8] - Adjusted EBITDA increased by 16.6% to $42.1 million, reflecting strong operational fundamentals and effective strategic initiatives [8][4] Financial Performance - Total revenues for the second quarter of 2025 were $365.6 million, up from $349.9 million in the second quarter of 2024 [15] - Net income for the second quarter was $22.2 million, a 29.5% increase from $17.2 million in the prior year [15] - Adjusted diluted net income per share was $0.97, compared to $0.78 in the same quarter of 2024, marking a 25.1% increase [8][15] Operational Highlights - Restaurant level operating profit reached $62.1 million, a 14.6% increase, with a margin of 17.0%, up 150 basis points from the previous year [8][29] - The company repurchased approximately 438,000 shares at a cost of $15.1 million during the second quarter, with $56.7 million remaining under its share repurchase program [5] - BJ's Restaurants operates over 200 locations across 31 states, focusing on high-quality ingredients and a diverse menu [11] Future Outlook - For fiscal 2025, the company anticipates comparable restaurant sales growth of approximately 2%, with restaurant level operating profit projected between $211 million and $219 million [9] - Adjusted EBITDA is expected to range from $132 million to $140 million, with capital expenditures estimated at $65 million to $75 million [9] - The company is prioritizing key opportunities in menu, operations, and marketing as part of its strategic plan for sustainable growth [4]