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Bj's Restaurants (BJRI)
NASDAQ:BJRI
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.34Last Year’s EPS
$0.34Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -6.31%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed promising traffic growth and strong results from new restaurant openings, but was tempered by lower than expected margins and the need for strategic adjustments. The focus on optimizing promotional strategies and leveraging brand strengths indicates a proactive approach to addressing challenges.Company Guidance
In the BJ's Restaurants' third-quarter 2024 earnings call, several financial metrics and strategies were discussed. The company reported sales of $325.7 million, marking a 2.2% increase from the previous year, and comparable restaurant sales grew by 1.7%, driven by a 1.3% traffic increase. Despite this growth, the restaurant-level cash flow margin was 11.7%, slightly down from last year due to higher restaurant costs and promotional activities. The adjusted EBITDA stood at $18.5 million, 5.7% of sales, with a net loss of $2.9 million or $0.13 per share on a GAAP basis. The company emphasized its focus on disciplined capital allocation, intending to use excess cash flow for share repurchases and prioritizing value-creating investments. They also highlighted the success of their Pizookie Meal Deal promotion, which contributed to a 4% increase in comparable restaurant sales in the early fourth quarter, reflecting positive consumer response and strategic promotional efforts.Positive Traffic Growth
The company reported a 1.3% traffic growth, the best traffic quarter since 2018, excluding COVID recovery quarters. Comparable sales beat the industry by 3.1 percentage points, and traffic beat by 5.7 percentage points.
Strong New Restaurant Openings
Two new restaurant openings in Central California and Texas showed promising results, with one setting a record for highest first-week sales.
Pizookie Meal Deal Success
The Pizookie Meal Deal is driving strong weekday sales and traffic, indicating a positive consumer response and profitability potential.
Effective Cash Management
Free cash flow from operations exceeds $100 million, allowing for strategic share repurchases and potential remodels.
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BJRI Earnings History
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 |
|---|---|---|---|
| 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% |
| Feb 15, 2024 | $35.47 | $36.46 | +2.79% |
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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FAQ
When does Bj's Restaurants (BJRI) report earnings?
Bj's Restaurants (BJRI) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Bj's Restaurants (BJRI) earnings time?
Bj's Restaurants (BJRI) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BJRI EPS forecast?
BJRI EPS forecast for the fiscal quarter 2024 (Q4) is $0.34.
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