NASDAQ$BJRI

BJ's Restaurants Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported highest ever quarterly sales driven by guest affinity and successful staffing initiatives.

BJ's Restaurants reported its highest ever quarterly sales, surpassing the previous record from Q2 2019 by 9.5%. Comparable restaurant sales increased by 11.7% compared to the previous year and 4.8% compared to 2019. The company opened new restaurants in San Antonio, Texas and Framingham, Massachusetts, expanding its footprint to 214 locations.

  • Total revenues eclipsed the previous record set in the second quarter of 2019 by 9.5%.
  • Comparable restaurant sales were up 4.8% over the second quarter of 2019.
  • Comparable restaurant sales increased 11.7% compared to a year ago.
  • The company opened new restaurants in San Antonio, Texas and Framingham, Massachusetts, expanding its footprint to 214 locations.

Headline financials

Total Revenue

$330M

Previous: $290M+13.6%
EPS (adj)

$0.01

Previous: $0.26-96.2%
Capital Expenditures

-$31.1M

Previous: -$14.3M-117.8%
Free Cash Flow

-$30.8M

Previous: -$7.92M-289.1%
Net Income

$297K

Previous: $6.37M-95.3%
Operating Income

$3.15M

Previous: $6.67M-52.9%
Gross Profit

$239M

Previous: $215M+11.2%
Cash & Equivalents

$37.8M

Previous: $88M-57.1%
Total Assets

$1.03B

Previous: $1.07B-3.6%
Stock-Based Comp

$2.29M

Previous: $2.56M-10.8%

Revenue & EPS history

BJ's · Revenue · Quarterly

$330M

Q2 2022+13.6%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

BJ's Restaurants expects to open up to five additional restaurants in the second half of the year and will be testing margin improvement initiatives and implementing menu price increases.

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 2022

Historical avgQ2 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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