The earnings call reflects a positive sentiment with strong financial performance in Q4 2024, marked by record profitability and successful marketing initiatives. However, there are concerns about weather impacts and consumer spending, as well as challenges with food cost inflation and a net loss in the quarter due to extraordinary items.

Company Guidance

In the BJ's Restaurants Fourth Quarter 2024 Earnings Release Conference Call, the company reported robust financial performance and provided guidance for 2025. Comparable same-restaurant sales increased by 5.5%, driven primarily by guest traffic across all dayparts and channels. The restaurant-level margins improved to 15.4%, with operating profit reaching $52.9 million, a 14% increase from the previous year, marking a record for Q4 profitability. Adjusted EBITDA was $33.1 million, up 21% from the prior year, with a margin improvement of 120 basis points to 9.6%. For 2025, BJ's Restaurants anticipates comparable sales growth of 2% to 3%, restaurant-level operating profit between $205 million and $215 million, and adjusted EBITDA ranging from $127 million to $137 million. The company plans capital expenditures of $65 million to $75 million, including the opening of one new restaurant and remodeling up to 30 existing locations. Additionally, they expect to repurchase $40 million to $50 million of shares, reflecting confidence in their growth trajectory.

Strong Comparable Sales Growth

Comparable same-restaurant sales increased by 5.5% in Q4 2024, driven primarily by guest traffic, marking the best comp performance since 2018, excluding COVID recovery quarters.

Record Q4 Restaurant Profitability

Restaurant level operating profit reached $52.9 million in Q4, a 14% increase from last year, setting a record for Q4 restaurant profitability.

Adjusted EBITDA Growth

Adjusted EBITDA was $33.1 million in Q4, a 21% increase from the prior year, with a 120 basis points improvement in adjusted EBITDA margin.

Successful Marketing Initiatives

The Pizookie Meal Deal and holiday large party offerings resonated with guests, driving traffic and sales, especially in media markets.

Positive Brand Positioning and Future Growth Plans

Notable progress on brand positioning and growth initiatives, with plans to remodel up to 30 locations in 2025 and open a new restaurant.

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BJ's Restaurants (BJRI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BJRI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 17, 2025	2025 (Q1)	0.38 / -	0.32	―	―	―
Feb 20, 2025	2024 (Q4)	0.34 / 0.47	0.34	38.24% (+0.13)	―
Oct 31, 2024	2024 (Q3)	0.02 / -0.13	-0.16	18.75% (+0.03)	―
Jul 25, 2024	2024 (Q2)	0.51 / 0.72	0.5	44.00% (+0.22)	―
May 02, 2024	2024 (Q1)	0.17 / 0.32	0.15	113.33% (+0.17)	―
Feb 15, 2024	2023 (Q4)	0.28 / 0.34	0.07	385.71% (+0.27)	―
Oct 26, 2023	2023 (Q3)	>-0.01 / -0.16	-0.07	-128.57% (-0.09)	―
Jul 27, 2023	2023 (Q2)	0.33 / 0.50	0.01	4900.00% (+0.49)	―
Apr 27, 2023	2023 (Q1)	0.04 / 0.15	0.06	150.00% (+0.09)	―
Feb 16, 2023	2022 (Q4)	0.06 / 0.07	-0.2	135.00% (+0.27)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BJRI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 20, 2025	$35.74	$38.05	+6.46%
Oct 31, 2024	$37.09	$33.99	-8.36%
Jul 25, 2024	$37.24	$31.51	-15.39%
May 02, 2024	$32.76	$34.68	+5.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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