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) 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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