BJ’s Restaurants reports Q2 adjusted EPS 97c, consensus 72c

Reports Q2 revenue $365.6M, consensus $363.76M. Q2 comparable restaurant sales increased 2.9%. “We are pleased with the continued growth and improvement of our sales and profitability and the progress we are making against our short- and long-term strategic initiatives,” commented Lyle Tick, CEO. “The compelling value of the Pizookie Meal Deal, strong operational fundamentals and our focus on putting the guest and team member experience at the center of everything we do have led to our traffic-driven top-line growth and year-over-year improvement in profitability. Our comparable restaurant sales growth for the year continues to perform in line with our initial expectations, outside of some weather-related impacts earlier this year and a slow start to July. July sales trends have since normalized, reinforcing our confidence in the progress we have made and that we are focused on the right things.”