BJ’s Restaurants reports Q1 adjusted EPS 59c, consensus 38c

Reports Q1 revenue $348.0M, consensus $347.98M. Q1 comparable restaurant sales increased 1.7%. “We are growing increasingly confident in our strategic growth plans and the effectiveness of our near-term initiatives that are focused on driving sales and profitability,” commented Brad Richmond, interim CEO. “The accelerating pace of our progress has enabled us to raise and narrow our full-year earnings outlook, while also increasing our expectations for capital returns to our shareholders. With the strong momentum of our first quarter results, we are well positioned to deliver on our near-term profitability targets and advance our long-term strategy, which is aimed at significantly enhancing shareholder value.”