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BJ's Restaurants, Inc. reports news on its company-owned casual dining restaurant business in the United States. Updates center on quarterly and annual results, comparable restaurant sales, guest traffic, restaurant-level operating profit, adjusted EBITDA, financial outlooks and share repurchase activity.
The company also issues restaurant-brand announcements for BJ's Restaurant & Brewhouse, including menu additions tied to its deep-dish pizzas, slow-roasted entrees, wings, proprietary handcrafted beers and Pizookie dessert platform. News commonly covers limited-time food launches, earnings call schedules and operating priorities for the national casual dining brand.
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.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced a successful $30 million sale of common stock through its at-the-market offering program, an increase of $5 million from the previous offering. The company plans to allocate the net proceeds for working capital, corporate purposes, capital expenditures, and new restaurant expansion. Currently, BJ’s operates 210 restaurants across 29 states, with varying service capabilities due to the COVID-19 pandemic.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced a prospectus supplement to offer shares worth up to $25 million through an "at-the-market" equity offering program. Proceeds will support working capital, capital expenditures, and restaurant expansion while enhancing the balance sheet. Shares will be sold via J.P. Morgan Securities LLC at market prices or through negotiated transactions. The prospectus provides essential details on the ATM Program and associated risks, including those linked to the COVID-19 pandemic. Investors can access documents on the SEC’s website.
BJ’s Restaurants, Inc. (NASDAQ: BJRI) reported preliminary results for Q4 2020, highlighting a total revenue of $197 million and a comparable restaurant sales decline of 32.3%. Despite challenges from COVID-19 restrictions, weekly sales averaged $70,000 by January 19, 2021, with off-premise sales exceeding pre-pandemic levels. The company anticipates an operating loss of $18-$20 million, including impairment charges between $2.5-$4.5 million. Positive cash flow is expected as restrictions ease, with plans for growth and expansion into new markets.
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.