NASDAQ$BJRI

BJ's Restaurants Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

BJ's Restaurants, Inc. reported financial results for its fiscal first quarter ended March 29, 2022.

BJ's Restaurants reported strong sales momentum through the quarter, with weekly restaurant sales average steadily increasing. The company opened two new restaurants and has plans to open more, while also remodeling existing locations.

  • Weekly restaurant sales average steadily increased from $96,000 in January to $118,000 in March.
  • Comparable restaurant sales improved from -6.4% in January to 1.2% in March compared to 2019.
  • The company opened its first new restaurant of the year in Charlotte, North Carolina, and a second in San Antonio, Texas.
  • BJ's Restaurants remains on schedule to open as many as eight new restaurants this year.

Headline financials

Total Revenue

$299M

Previous: $223M+33.8%
EPS (adj)

$0.06

Previous: -$0.14+142.9%
Capital Expenditures

-$12.1M

Previous: -$6.88M-75.9%
Free Cash Flow

-$10.6M

Previous: -$10M-6.2%
Net Income

$1.46M

Previous: -$3.14M+146.5%
Operating Income

-$7.69M

Previous: -$8.22M+6.4%
Gross Profit

$217M

Previous: $167M+30.0%
Cash & Equivalents

$27.2M

Previous: $90.2M-69.9%
Total Assets

$1.02B

Previous: $1.09B-6.0%
Stock-Based Comp

$2.71M

Previous: $2.42M+12.1%

Revenue & EPS history

BJ's · Revenue · Quarterly

$299M

Q1 2022+33.8%vs Q1 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

BJ's Restaurants aims to increase average weekly sales, double restaurant locations to 425 nationwide, and grow sales to $2 billion and beyond.

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 2022

Historical avgQ1 2022

+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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