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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 is launching two new promotions to celebrate its Pizookie® dessert. Starting August 29, the Pizookie® Pass will be available for $10, allowing passholders to enjoy a Pizookie® daily throughout September. From October 1, all Pizookies® will be offered for just $5 for dine-in guests. The promotion aims to enhance customer engagement and capitalize on the growing demand for Pizookie® desserts. BJ's has a diverse Pizookie® menu, with options available for $4 every Tuesday. This initiative aligns with the brand's goal to satisfy dessert lovers across its 214 locations.
BJ's Restaurants, Inc. (NASDAQ: BJRI) announced a partnership with DailyPay to offer on-demand pay to its team members, enhancing their financial wellness. This benefit allows employees to access their earned wages immediately after shifts, improving budgeting capabilities, as reported by 85% of users. BJ's aims to remain competitive in the job market, as restaurants with such benefits reportedly hire twice as fast. The partnership underscores BJ's commitment to its workforce of over 22,000 employees across 214 restaurants in 29 states.
BJ's Restaurants, Inc. (NASDAQ: BJRI) has reintroduced its popular Peanut Butter S'mores Pizookie as fans requested. Available starting August 4, 2022 for a limited time at all locations, this dessert features a Ghirardelli triple chocolate cookie topped with peanut butter, toasted marshmallows, and vanilla bean ice cream. The Pizookie is part of BJ's extensive dessert offerings, which include various flavors available for a $4 Daily Brewhouse Special every Tuesday. The company emphasizes customer feedback as a driving force in its menu decisions.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported a 13.6% increase in total revenues to $329.7 million for the second quarter of 2022 compared to 2021. Comparable restaurant sales rose 11.7%, but net income fell to $0.3 million from $6.4 million the previous year, with diluted EPS decreasing to $0.01 from $0.26. Adjusted EBITDA stood at $23.4 million, down from $27.7 million. The company opened a restaurant in San Antonio and Framingham, expanding total locations to 214. Challenges from inflation were noted, with plans for menu price increases and margin improvement initiatives.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) will release its second quarter 2022 results on July 21, 2022, after market close. The company plans to host an investor conference call at 2:00 p.m. Pacific Time the same day, which will be available to the public via their website. BJ’s operates 214 casual dining restaurants across 29 states, offering a diverse menu including signature dishes and award-winning handcrafted beers.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) will participate in a virtual fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 14, 2022, at 1:30 p.m. (Eastern). Management will also engage with institutional investors virtually. A live webcast of the presentation will be available on the Company's 'Investors' page at https://investors.bjsrestaurants.com, with a replay accessible later. Founded in 1978, BJ's operates 214 casual dining restaurants across 29 states, offering a diverse menu and exceptional service.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of its new restaurant in Framingham, Massachusetts, on May 16, 2022. This location features approximately 7,500 square feet, seating for 250 guests, and a menu that includes the signature deep-dish pizza and award-winning handcrafted beers. CEO Greg Levin expressed excitement about the new opening, marking the second location in Massachusetts, after North Attleboro's success. BJ's aims to open five more restaurants in the latter half of 2022.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced strong financial results for Q1 2022, with total revenues increasing by 33.8% to $298.7 million. Comparable restaurant sales rose 33.9%, while net income reached $1.5 million, significantly improving from a loss of $3.1 million in Q1 2021. The diluted earnings per share stood at $0.06, up from a loss of $0.14. The company is on track to open up to eight new restaurants this year, with two already opened. The CEO highlighted the ongoing sales momentum and effective strategies to manage inflationary pressures.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of its new restaurant in Live Oak, Texas, on April 18, 2022. This location spans approximately 7,500 square feet, seats 250 guests, and offers an extensive menu featuring signature items like deep-dish pizza and Pizookie® dessert. CEO Greg Levin expressed optimism about the restaurant's launch and highlighted plans for further expansion, including another opening in Framingham, Massachusetts. The company also hosted a soft opening event to engage the community and raise funds for the Cystic Fibrosis Foundation.
BJ's Restaurants, Inc. (NASDAQ: BJRI) will announce its first quarter 2022 financial results on April 21, 2022, after market close. An investor conference call is scheduled for 2:00 PM Pacific the same day, available via the Company's website. BJ's operates 212 casual dining restaurants across 29 states, offering a diverse menu that includes signature dishes and award-winning craft beers. Founded in 1978, BJ's prides itself on high-quality ingredients, a contemporary atmosphere, and exceptional service.