NASDAQ$BJRI

BJ's Restaurants Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Provided business update and reported fiscal year 2020 first quarter results.

BJ's Restaurants, Inc. reported its Q1 2020 financial results, highlighting the dedication of its team members during the COVID-19 pandemic. The company is re-opening dining rooms with safety protocols and is encouraged by early dine-in and off-premise sales trends.

  • The company drew down the remaining available balance on its revolving credit facility to increase liquidity.
  • BJ's is in compliance with its financial covenants for the first quarter of 2020.
  • The credit agreement was amended to modify certain financial covenants, suspending certain ratio tests until the fourth fiscal quarter ending December 29, 2020.
  • BJ's opened its first restaurant in Massachusetts during the quarter.

Headline financials

Total Revenue

$255M

Previous: $291M-12.4%
EPS (adj)

-$0.10

Previous: $0.62-116.1%
Capital Expenditures

-$16.3M

Previous: -$17.7M+7.9%
Free Cash Flow

-$20.5M

Previous: -$4.81M-327.1%
Net Income

-$4.27M

Previous: $12.9M-133.2%
Operating Income

-$7.71M

Previous: $13.8M-155.9%
Gross Profit

$191M

Previous: $217M-12.2%
Cash & Equivalents

$80.3M

Previous: $25.7M+212.8%
Total Assets

$1.11B

Previous: $1.06B+5.2%
Stock-Based Comp

$1.54M

Previous: $8.26M-81.3%

Revenue & EPS history

BJ's · Revenue · Quarterly

$255M

Q1 2020-12.4%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

BJ's Restaurants anticipates opening one additional restaurant later in the year and has canceled or delayed its remaining new restaurant openings for fiscal 2020. Once normal operations resume, the company expects to resume its restaurant opening objectives, expanding to at least 425 restaurants nationally.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.4%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+3.0%

Avg return

30 days after

58%

35 / 60 earnings

Positive

+19.6%

Q3 2014

Best reaction

-13.4%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+3.6%+15.6%+16.0%
Q4 2026+6.1%-12.2%-15.0%
Q3 2026+18.4%+24.7%+33.7%
Q1 2025+13.0%+11.9%+33.2%
Q4 2024+6.5%+3.9%-4.7%
Q3 2024-9.2%-8.2%+2.7%
Q2 2024-12.2%-12.6%-9.0%
Q1 2024+8.1%+4.5%+9.2%
Q4 2023+5.0%-0.2%+1.0%
Q3 2023+7.3%+7.8%+28.4%
Q2 2023+8.6%+8.9%-11.7%
Q1 2023+14.7%+13.1%+9.2%
Q3 2022+2.0%+3.6%+16.9%
Q2 2022-2.9%-10.4%+13.1%
Q1 2022-1.1%-3.1%-22.9%
Q4 2021-1.1%-8.8%-19.1%
Q3 2021+1.6%-4.1%-8.2%
Q2 2021-3.8%-8.2%+4.8%
Q1 2021-3.7%-6.0%-9.5%
Q4 2020-2.9%-8.5%+12.3%
Q3 2020-3.0%-10.1%+11.3%
Q2 2020+11.4%+6.7%+39.5%
Q1 2020+13.5%-1.1%+44.9%
Q4 2019-9.9%-15.8%-81.0%
Q3 2019+16.3%+12.0%+8.8%
Q2 2019-4.6%-3.7%-12.4%
Q1 2019+7.6%+5.3%-5.8%
Q4 2018-4.9%-6.4%-11.4%
Q3 2018-1.3%-1.0%-10.6%
Q2 2018+2.3%+1.1%+19.4%
Q1 2018+15.5%+16.0%+8.7%
Q4 2017+13.2%+14.3%+12.5%
Q3 2017+5.2%+2.8%+8.3%
Q2 2017+0.8%+0.1%-9.5%
Q1 2017+4.2%+7.4%+5.1%
Q4 2016+3.6%+1.1%+6.8%
Q3 2016-2.7%-3.2%+8.7%
Q2 2016-13.4%-13.4%-10.1%
Q1 2016+5.3%
Q4 2015+2.4%
Q3 2015+13.1%
Q2 2015-0.9%
Q1 2015-2.0%
Q4 2014+17.5%
Q3 2014+19.6%
Q2 2014+13.3%
Q1 2014+5.4%
Q4 2013-11.3%
Q3 2013-10.0%
Q2 2013-11.9%
Q1 2013+7.2%
Q4 2011-7.8%
Q3 2012
Q2 2012
Q1 2011+0.7%
Q1 2012
Q4 2009-0.3%
Q3 2010-1.8%
Q3 2011-1.8%
Q2 2010+1.5%
Q2 2011+1.5%
Q4 2010+1.5%
Q1 2010-6.4%

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