secwatch.observer — SEC 8-K summary
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Issuer:     BJs RESTAURANTS INC (BJRI)
CIK:        0001013488
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001171843-24-002489
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013488/000117184324002489/0001171843-24-002489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013488/000117184324002489/f8k_050224.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002489

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer