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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 CEO Gregory A. Trojan's retirement effective September 1, 2021. Current President and CFO Gregory S. Levin will assume the CEO role, with Thomas A. Houdek appointed as CFO. Trojan will remain on the Board of Directors. Levin has been with BJ's since 2005 and known for his strong financial stewardship. The leadership change is positioned to build on BJ’s growth strategy, emphasizing team continuity and operational excellence. The company operates 212 casual dining restaurants across 29 states.
BJ’s Restaurants (NASDAQ: BJRI) will participate in a virtual fireside chat at the Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference on June 15, 2021, at 2:05 p.m. (Eastern). The management team will also engage with institutional investors during the event.
A live webcast will be accessible on the Investors page of their website, with a replay available later.
BJ's Restaurants, Inc. (NASDAQ: BJRI) supports Alzheimer's & Brain Awareness Month in June by inviting guests to donate to the Alzheimer's Association. With a minimum donation of $1, guests receive a free Pizookie coupon valid through July 31, 2021. Additionally, BJ's will host a "Free Pizookie Day" on June 30, donating $0.25 for each Pizookie ordered, up to $20,000. Over 6 million Americans live with Alzheimer's, a number expected to rise to 14 million by 2050. The financial impact of Alzheimer's is projected to soar to $1.1 trillion by 2050.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of its new restaurant in Lansing, Michigan, on June 1, 2021. This establishment, located at Eastwood Towne Center, spans approximately 7,500 square feet and accommodates about 250 guests. The venue features BJ's extensive menu, including signature deep-dish pizza and award-winning handcrafted beer. CEO Greg Trojan expressed enthusiasm for expanding in Michigan, highlighting the state's support for BJ’s. The restaurant had a soft opening with community members, aimed at benefiting the Cystic Fibrosis Foundation.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced a virtual format for its 2021 Annual Meeting of Shareholders, scheduled for June 9, 2021, at 9:00 a.m. PDT. This decision was made due to ongoing COVID-19 concerns, preventing physical attendance except for select executives. Shareholders of record as of April 13, 2021, can participate via a provided website using a control number. Voting can also occur in advance through multiple methods outlined in the proxy materials. Currently, 210 of BJ’s 211 restaurants are operating under health guidelines, with one location temporarily closed.
BJ's Restaurants, Inc. (NASDAQ: BJRI) has introduced a new dessert called BJ's Monster Pizookie made with M&M'S® Minis, available from April 29, 2021. This new flavor features a warm cookie packed with peanut butter, oats, and chocolate, topped with vanilla bean ice cream and M&M'S® Minis. The launch comes after a year without new Pizookie® flavors and aims to entice customers to celebrate with friends and family. This addition complements BJ's existing lineup of Pizookie® options while being part of the ongoing $3 Pizookie® Daily Brewhouse Special.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) has opened a new restaurant in Merrillville, Indiana, on April 26, 2021, marking its first establishment in northwest Indiana. The restaurant, located in Merrillville Plaza, can accommodate approximately 250 guests and showcases BJ’s full menu, including its famous deep-dish pizza and award-winning handcrafted beer. CEO Greg Trojan expressed excitement about the new location and mentioned plans for another restaurant opening in Lansing, Michigan, in June. The soft opening included community engagement and donations to the Cystic Fibrosis Foundation.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced its Q1 2021 results, with total revenues decreasing by 12.3% to $223.3 million. Comparable restaurant sales fell 13.0%, but the net loss narrowed to $3.1 million from $4.3 million in Q1 2020. Adjusted EBITDA was $12.7 million, down from $15.1 million. The company noted improving sales trends, with March weekly averages rising to $97,300 and April to $102,500. BJ’s plans to expand its restaurant pipeline, indicating confidence in future growth despite pandemic-related challenges.
BJ's Restaurants, Inc. (NASDAQ: BJRI) plans to release its first quarter 2021 financial results on April 22, 2021, after market close. An investor conference call will take place at 2:00 p.m. Pacific Time on the same day, broadcast live on the company's website. BJ's operates 210 casual dining restaurants across 29 states, offering a diverse menu and award-winning handcrafted beers. Currently, one restaurant is temporarily closed due to COVID-19, while the others serve limited capacity dine-in and takeout services, following health protocols.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported a net loss of $18.1 million for Q4 2020, compared to net income of $14.5 million in Q4 2019. Total revenues fell 32.3% to $197.0 million, with comparable restaurant sales also declining 32.3%. For the fiscal year, revenues decreased 33.0% to $778.5 million, leading to a net loss of $57.9 million versus net income of $45.2 million in 2019. Despite challenges, recent sales trends in January 2021 show improvement after capacity restrictions were eased.
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