BJ’s Restaurants ( (BJRI) ) has released its Q1 earnings. Here is a breakdown of the information BJ’s Restaurants presented to its investors.
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BJ’s Restaurants, Inc., a prominent player in the casual dining sector, operates over 200 restaurants across the United States, offering a diverse menu and award-winning craft beers.
In its fiscal first quarter of 2025, BJ’s Restaurants reported a notable increase in revenues and earnings, along with a raised annual earnings outlook and expanded share repurchase program.
The company achieved a 3.2% increase in total revenues to $348.0 million and a 1.7% rise in comparable restaurant sales. Diluted net income per share surged by 79.8% to $0.58, while adjusted EBITDA grew by 20.3% to $35.4 million. Additionally, BJ’s repurchased approximately 404,000 shares at a cost of $14.1 million, reflecting its commitment to enhancing shareholder value.
BJ’s management expressed confidence in their strategic growth initiatives, emphasizing improvements in restaurant efficiency and guest satisfaction. The company anticipates continued momentum, projecting comparable restaurant sales growth of 2% to 3% and adjusted EBITDA between $131 million and $140 million for the fiscal year.
Looking ahead, BJ’s Restaurants is poised to capitalize on its strategic initiatives, with plans to enhance its menu, operations, and marketing efforts in the latter half of the year, aiming to drive further sales growth and profitability.
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