BJ's Restaurants Q1 revenue up 33.8% to $298.7M, swings to net income of $1.5M

BJs RESTAURANTS INC

2022-Q1 EPS reported $0.06 revenue$298,729,000

Total revenues $298.7M (+33.8% YoY); comp restaurant sales +33.9%. Net income $1.5M ($0.06 EPS) vs net loss $3.1M (-$0.14).
Adjusted EBITDA $13.2M vs $12.7M. Weekly sales improved from $96K (Jan) to $118K (Mar) with mid-single-digit positive comp in April.
Opened two new restaurants; five under construction; on track for up to eight new units in 2022. Two pilot remodels expanding capacity.
Long-term strategy targets ~425 restaurants and $2B sales, up from current 213 locations.
Management cites strong sales momentum, improved staffing, and off-premise sales double pre-pandemic levels.

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