BJ's Restaurants, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 03, 2023
October 26, 2023 at 04:03 pm EDT
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BJ's Restaurants, Inc. reported earnings results for the third quarter and nine months ended October 03, 2023. For the third quarter, the company reported sales was USD 318.64 million compared to USD 311.35 million a year ago. Net loss was USD 3.8 million compared to USD 1.64 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.07 a year ago.
For the nine months, sales was USD 1,009.59 million compared to USD 939.77 million a year ago. Net income was USD 11.61 million compared to USD 0.115 million a year ago. Basic earnings per share from continuing operations was USD 0.49. Diluted earnings per share from continuing operations was USD 0.48.
BJ's Restaurants, Inc. is a casual dining restaurant. The Companyâs restaurants feature a menu with approximately 100 menu items designed to offer various items, including slow roasted entrees, such as prime rib, EnLIGHTened Entrees, such as Cherry Chipotle Glazed Salmon, original signature deep-dish pizza, the Pizookie dessert and BJs craft beers. Its craft beer is produced at five in-house brewing facilities and by independent third-party brewers using its recipes. The Company is a national restaurant chain, which owns and operates approximately 200 casual dining restaurants located in 30 states, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia and Washington.