BJ's Restaurants Q1 net income jumps to $7.7M; revenue down 1.2% but margins improve 240bps

BJs RESTAURANTS INC

2024-Q1 EPS reported $0.32 revenue$337,334,000

Revenue $337.3M (-1.2% YoY); comparable restaurant sales -1.7%.
Net income $7.7M ($0.32 diluted EPS) vs $3.5M ($0.15) a year ago.
Adjusted EBITDA $29.4M vs $25.0M; restaurant-level margin 15.0% (+240 bps).
Opened 217th restaurant in Wisconsin; two more planned H2 2024; new prototype saves ~$1M.
Management confident margins will approach pre-pandemic levels by year-end 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BJs RESTAURANTS INC reported first quarter ended Tuesday, April 2, 2024 results: revenue $337.3 million, net income $7.7 million, EPS $0.32.

Period: first quarter ended Tuesday, April 2, 2024
Revenue: $337.3 million
Net income: $7.7 million
EPS: $0.32
Result: reported results

Exact text from the filing

financial results for its fiscal 2024 first quarter ended Tuesday, April 2, 2024. Fiscal First Quarter 2024 Compared to First Quarter 2023 Total revenues decreased 1.2% to $337.3 million Comparable restaurant sales declined 1.7% Total restaurant operating weeks increased by one week Net income of $7.7 million, compared to $3.5 million; diluted net income per

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Source: SEC EDGAR

accession 0001171843-24-002489

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