BJ's Restaurants Inc
NASDAQ:BJRI
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BJ's Restaurants Inc
BJ's Restaurants, Inc. engages in the ownership and operation of casual dining restaurants. The company is headquartered in Huntington Beach, California and currently employs 21,000 full-time employees. The Company’s offers craft beer, which is produced at several of its restaurants, its Temple, Texas brewpub locations and by independent third-party brewers using its own recipes. The Company’s restaurants feature a range of menu with over 100 menu items designed to offer various items including: slow roasted entrees, such as prime rib, EnLIGHTened Entrees, such as its Cherry Chipotle Glazed Salmon, its original signature deep-dish pizza, Pizookie dessert; and its own craft beers. The company also produces non-alcoholic craft sodas that are sold in its restaurants. The firm owns and operates approximately 211 restaurants located in the 29 states, which include Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia and Washington.
BJ's Restaurants, Inc. engages in the ownership and operation of casual dining restaurants. The company is headquartered in Huntington Beach, California and currently employs 21,000 full-time employees. The Company’s offers craft beer, which is produced at several of its restaurants, its Temple, Texas brewpub locations and by independent third-party brewers using its own recipes. The Company’s restaurants feature a range of menu with over 100 menu items designed to offer various items including: slow roasted entrees, such as prime rib, EnLIGHTened Entrees, such as its Cherry Chipotle Glazed Salmon, its original signature deep-dish pizza, Pizookie dessert; and its own craft beers. The company also produces non-alcoholic craft sodas that are sold in its restaurants. The firm owns and operates approximately 211 restaurants located in the 29 states, which include Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia and Washington.
Sales & Traffic Growth: BJ's delivered its fifth consecutive quarter of sales and traffic growth, with Q3 same-store sales up 0.5% and traffic accelerating to around 3.5% in the last six weeks.
Profit Expansion: Restaurant-level operating margin reached 12.5%, and adjusted EBITDA margin was 6.4%, both improving year-over-year, resulting in the fourth consecutive quarter of profit expansion.
Guidance Reiterated: Management reiterated full-year guidance for around 2% comparable sales growth and provided ranges for restaurant-level profit, adjusted EBITDA, and capital expenditures.
Share Repurchases: Repurchases increased with 996,000 shares bought in Q3 and the full-year buyback target raised to $65–80 million.
Menu & Product Innovations: The Pizookie Meal Deal and social-driven marketing continue to drive traffic, with new pizza platform and seasonal Pizookie launches expected to sustain momentum.
Remodel & Expansion: Twenty remodels are planned in 2025, impacting half the legacy fleet, with two new prototype units expected in late 2026 and a gradual acceleration of new store growth into 2027 and beyond.
