earnings
confidence high
sentiment positive
materiality 0.90
BJ's Restaurants reports Q4 2023 net income of $8.1M, full-year net income of $19.7M
BJs RESTAURANTS INC
2023-FY EPS reported
$0.82
revenue$1,333,229,000
- Q4 2023 revenues decreased 6.0% to $323.6M due to one less week; adjusted EBITDA was $27.3M.
- Full-year 2023 net income $19.7M versus $4.1M in 2022; diluted EPS $0.82 versus $0.17.
- Comparable restaurant sales increased 0.6% in Q4 (13 weeks) and 3.7% for full year (52 weeks).
- Board approved $50M increase in share repurchase program; approximately $61M now available.
- Opened five new restaurants in 2023, closed five underperformers; expects three new restaurants in 2024.