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BJ's Restaurants, Inc. (NASDAQ: BJRI) is a renowned chain of casual dining restaurants primarily located in the United States. Founded in 1978, BJ's has grown to own and operate over 200 restaurants in 30 states, offering a diverse and innovative menu that appeals to a wide range of tastes.
The company’s menu features a unique blend of Southern California flair with Chicago-style deep-dish pizza, complemented by their award-winning handcrafted beers brewed both in their own facilities and by independent third-party brewers. Notable items include their slow-roasted entrees like prime rib, the EnLIGHTened Entrees® such as Cherry Chipotle Glazed Salmon, and their world-famous dessert, the Pizookie®.
BJ's Restaurants takes pride in their community involvement and social responsibility. Recently, they partnered with Hav A Sole to donate shoes to children in need across the country, underscoring their commitment to making a positive impact beyond their dining rooms. This collaboration aims to provide necessary footwear to underprivileged kids and foster a sense of hope and community.
Financially, BJ's has continued to show resilience and growth. They have invested significantly in enhancing their beverage program, which led to them receiving the 2024 Vibe Vista Award for Best Overall Beverage Program for Multi-Unit Chain Restaurants. Their efforts in beverage innovation have resulted in an 8% increase in beverage sales in 2023, outperforming targeted competitors in the Beverage – Alcohol Sentiment category.
For investors, BJ's financial health is bolstered by their strategic capital expenditures and share repurchase programs. They also provide detailed reconciliations of GAAP financial measures to non-GAAP adjusted financial measures, including Adjusted EBITDA, which offers a clearer picture of their operating performance.
Whether you are looking for a casual dining experience with a touch of craft excellence or an investment opportunity in a growing and socially responsible company, BJ's Restaurants, Inc. offers a compelling proposition.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of a new restaurant in Orange Village, Ohio, on October 19, 2020. This 7,500 square-foot location can seat approximately 230 guests and features BJ's extensive menu, including deep-dish pizza and handcrafted beer. This marks the company's second and final opening for fiscal 2020, following a strategy delay due to the COVID-19 pandemic. Greg Trojan, CEO, expressed excitement about the opening and the strong pipeline for future restaurants. The restaurant also engaged the community with a soft opening event benefiting the Cystic Fibrosis Foundation.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced it will release its Q3 2020 results on October 22, 2020, after market close. An investor conference call is scheduled for the same day at 2:00 p.m. Pacific Time, accessible via the Company's website. Despite challenges from the COVID-19 pandemic, which has led to temporary closures and limited services at some locations, BJ's continues to operate 208 restaurants across 29 states. The Company's focus on quality dining experiences and proprietary craft beer remains central to its brand.
BJ's Restaurants, Inc. (NASDAQ: BJRI) announces participation of CEO Greg Trojan and CFO Greg Levin in a virtual fireside chat at CL King's 18th Annual Best Ideas Conference on September 16, 2020, at 11:45 a.m. PDT. The management will also conduct virtual meetings with institutional investors. Founded in 1978, BJ's operates 209 casual dining restaurants across 29 states, providing a varied menu including slow-roasted entrees, signature deep dish pizza, and award-winning craft beers. Currently, dine-in service is limited at 208 locations due to the pandemic.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) will host its 2020 Annual Meeting of Shareholders on September 2, 2020, at 9:00 a.m. PDT via virtual format due to COVID-19 concerns. Shareholders of record as of July 9, 2020, can participate and vote online. Attendance will be limited to select executives and directors. The company encourages shareholders to vote in advance through proxy materials. For additional details on participation, refer to the proxy materials filed with the SEC.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported a 57.5% drop in total revenues to $128 million for Q2 2020, amid COVID-19's impact. This resulted in a net loss of $29 million, compared to a net income of $14.2 million a year prior. Comparable restaurant sales declined by 57.2%, with a diluted net loss per share of $1.38. Despite challenges, the company managed to achieve average weekly off-premise sales of over $30,000 per restaurant, eventually improving to about $75,000 by late June. BJ's expects to open one new restaurant by Q4 2020, maintaining confidence in its long-term growth strategy.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) will release its second quarter 2020 results on July 23, 2020, after market closure. An investor conference call is scheduled for the same day at 2:00 p.m. Pacific Time. The call will be available for live streaming via the Company’s Investor page, with an archive accessible for 30 days post-event. BJ’s offers a diverse menu, including signature dishes and proprietary brews, operating 209 casual dining restaurants across 29 states. Dine-in service is currently affected by COVID-19 restrictions.
BJ’s Restaurants (NASDAQ: BJRI) reports ongoing progress in recovering from COVID-19, with sales improving as dining rooms reopen. Currently, 178 restaurants in 24 states are operating, with expectations to reach 208. Despite second-quarter comparable sales declining by approximately 64% through June 9, weekly sales showed recovery, reaching 70% of prior year levels in reopened locations. Off-premise sales remain robust at over 70% of pre-pandemic levels. The CEO noted encouraging early results from reopened dining rooms, leading to optimism about returning to positive cash flow.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported Q1 2020 results amid the COVID-19 pandemic, with total revenues decreasing by 12.4% to $254.6 million. Comparable restaurant sales fell 15.5%, with a significant 40.4% decline during the last five weeks of the quarter. The company incurred a net loss of $4.3 million, equating to a diluted net loss per share of $0.22. Despite challenges, BJ’s is optimistic about long-term growth, having opened a new restaurant in Massachusetts and planning to resume expansion to 425 locations once conditions improve. Currently, 27% of restaurants are reopening with safety protocols.
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