NASDAQ$BJRI

BJ's Restaurants Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2020 and provided a business update given the continued impact of the COVID-19 pandemic.

BJ's Restaurants, Inc. reported its Q2 2020 financial results, showing resilience amidst the COVID-19 pandemic. The company adapted its operating model to focus on take-out and delivery, expanded outdoor seating, and recalled a significant portion of its team members. While sales volumes and margins were below historical levels, they demonstrated the strength of the BJ's brand and operating model.

  • Expanded average weekly off-premise sales per restaurant to more than $30,000 a week by late April, a threefold increase from pre-COVID levels.
  • Reopened the majority of dining rooms with capacity limitations for social distancing throughout May and June.
  • Weekly sales average per restaurant improved to approximately $75,000 by late June.
  • Generated restaurant level cash flow margin percentages in the mid-teens range by late June.

Headline financials

Total Revenue

$128M

Previous: $301M-57.5%
EPS (adj)

-$0.99

Previous: $0.71-239.4%
Capital Expenditures

-$24.9M

Previous: -$38.8M+35.9%
Free Cash Flow

-$53.8M

Previous: -$24.6M-119.1%
Net Income

-$29M

Previous: $14.2M-304.0%
Operating Income

-$45.7M

Previous: $15.8M-390.3%
Gross Profit

$96M

Previous: $224M-57.2%
Cash & Equivalents

$86.7M

Previous: $23.4M+271.1%
Total Assets

$1.1B

Previous: $1.06B+4.5%
Stock-Based Comp

$2.24M

Previous: -$3.88M+157.8%

Revenue & EPS history

BJ's · Revenue · Quarterly

$128M

Q2 2020-57.5%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The Company expects to open one more restaurant, in Orange Village, Ohio during the fourth quarter of this year.

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 Q2 2020

Historical avgQ2 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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