Bjs Restaurant Stock Price, News & Analysis

BJ's Restaurants, Inc. (NASDAQ: BJRI) reported its fiscal 2024 second quarter results, showing a slight 0.1% increase in total revenues to $349.9 million. Despite a 0.6% decline in comparable restaurant sales, net income rose to $17.2 million from $11.9 million year-over-year, with diluted net income per share increasing to $0.72 from $0.50. Adjusted EBITDA improved to $36.1 million, up from $31.8 million in the same quarter last year.

The company saw improved sales trends throughout the quarter, particularly around key celebrations like Mother's Day and Father's Day. Restaurant level operating margins increased by 100 basis points to 15.5%. BJ's remains on track with its expansion plans, having opened one new restaurant in the first half of 2024 and planning two more in the second half. The company also continues its remodel initiative and share repurchase program, having bought back approximately 255,000 shares at a cost of $8.8 million during Q2 2024.

BJ's Restaurants, Inc. (NASDAQ: BJRI) has announced the date for its second quarter 2024 earnings release. The company will disclose its financial results after the market closes on Thursday, July 25, 2024. Following the release, BJ's Restaurants will host an investor conference call at 2:00 p.m. Pacific Time on the same day.

Interested parties can access the conference call via a live broadcast on the Internet. To participate, listeners should visit the "Investors" page of the company's website at http://www.bjsrestaurants.com a few minutes before the call starts to register and download any required audio software. For those unable to attend the live call, an archive of the presentation will be available for 30 days after the event.

BJ's Restaurants (NASDAQ: BJRI) has partnered with Lagunitas Brewing Co. to introduce a new summer beer, Cool Tricks™ IPL. Available exclusively at BJ's locations until mid-August, this India Pale Lager combines the bold flavors of an IPA with the refreshing qualities of a lager. The brew features a new hop variety, Elani, which offers tropical fruit and PEZ candy notes, and a spicy rye malt finish. BJ's R&D Brewmaster Aaron Stueck and Lagunitas' Jeremy Marshall collaborated for four months to perfect this unique beer. To celebrate, BJ's is hosting a social media contest where fans can win prizes by showing their pets' 'cool tricks' and tagging @bjsrestaurants on Instagram or TikTok.

BJ's Restaurant & Brewhouse has announced the return of its popular Pizookie Pass™ starting June 27, 2024. For $4.99 per month, subscribers can enjoy a free Pizookie® dessert daily for four months. The offer includes access to the New Graham Cracker S'mores Pizookie®, a Ghirardelli® triple chocolate cookie with graham cracker crumbles, toasted marshmallows, and vanilla bean ice cream. The pass grants access to eight signature Pizookie® flavors, providing dessert enthusiasts a delightful summer treat.

BJ's Restaurants announced its participation in the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference on June 11, 2024. Management will partake in a fireside chat at 1:30 p.m. Eastern time and meet with institutional investors. A live webcast of the presentation will be available on the company’s investor page, with an archived replay accessible post-event.

BJ’s Restaurants, Inc. reported a 1.2% decrease in total revenues for the first quarter of fiscal year 2024 compared to the same quarter in 2023. Despite a decline in comparable restaurant sales by 1.7%, the net income increased to $7.7 million from $3.5 million. Adjusted EBITDA also rose to $29.4 million from $25.0 million. The company's CEO expressed confidence in the business's growth and productivity initiatives, highlighting the opening of a new restaurant in Wisconsin and plans for additional openings in 2024. BJ’s Restaurants aims to enhance operating efficiencies with a new prototype and remodel initiative to attract new guests.