Bjs Restaurant - BJRI STOCK NEWS

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced participation in the 2020 Stephens Annual Investment Conference on November 18, 2020, at 11:00 a.m. (Eastern). The management will also engage in virtual meetings with institutional investors. Investors can access a live webcast of the discussion on the company’s Investors page, with a replay available afterward. Established in 1978, BJ’s operates 210 casual dining restaurants across 29 states, offering a diverse menu and various dining options. Currently, one restaurant remains temporarily closed due to COVID-19, while others have limited dine-in services.

BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the appointment of Bina Chaurasia as an independent director to its Board, effective November 6, 2020. Chaurasia, currently the Chief Administrative Officer and Chief People Officer at Tanium, brings extensive human resources experience from companies like Ericsson and Hewlett-Packard. Her addition increases the board's total members to eleven, signaling a commitment to enhancing BJ’s operational and strategic capabilities as it continues to grow its national presence in casual dining.

BJ's Restaurants introduces the new Brewhouse Homegating Pack for football season, offering fans an at-home tailgating experience. Priced at $64.95, the package includes a large deep dish pizza, family-sized chips & dip, two sharable appetizers, and a choice of a 64-ounce growler of BJ's Handcrafted Signature Beer or a non-alcoholic beverage. Available for take-out or delivery, the offering aims to recreate the excitement of game day in a year of changes. The packs are available daily through BJ's website or app, supporting the return of social connections during football games.

BJ’s Restaurants, Inc. (BJRI) reported a significant 28.6% decrease in total revenues to $198.9 million for Q3 2020 compared to Q3 2019. The company also faced a net loss of $6.6 million, a stark contrast to the $3.7 million net income from the previous year. Despite these challenges, BJ’s experienced a sequential improvement in weekly sales, rising from $60,000 in July to $80,000 per restaurant by September's end. With 87% of dining rooms currently open, the brand aims to expand to at least 425 restaurants in the long term.

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.