BJ's Restaurants Q2 2024: revenue $349.9M, net income $17.2M, comp sales -0.6%

BJs RESTAURANTS INC

2024-Q2 EPS reported $1.04 revenue$687,261,000

Total revenues of $349.9M, up 0.1% YoY; net income $17.2M vs $11.9M; diluted EPS $0.72 vs $0.50.
Comparable restaurant sales declined 0.6%, but improved through the quarter driven by celebrations.
Adjusted EBITDA $36.1M vs $31.8M (+13%); restaurant margins up 100 bps to 15.5%.
Repurchased ~255k shares for $8.8M in Q2; $52M remaining under $550M buyback program.
Capex target $70-$75M for 2024; two more restaurant openings expected in H2.

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