NASDAQ$BJRI

BJ's Restaurants Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of fiscal year 2021.

BJ's Restaurants experienced challenges in Q3 2021 due to the COVID-19 Delta variant, which impacted sales and exacerbated staffing issues, leading to reduced dining capacity and limited menus. Despite these headwinds, new restaurant openings performed well, and the company remains focused on expansion and improving staffing levels to drive sales growth.

  • Comparable restaurant sales decreased by 0.5% compared to the same period in 2019 due to the COVID-19 Delta variant.
  • Staffing shortages impacted operations, leading to reduced dining room capacities and limited menus in certain locations.
  • New restaurant openings in Lansing, Michigan, and Merrillville, Indiana, continue to exceed expectations.
  • The company plans to open at least eight new restaurants in fiscal year 2022.

Headline financials

Total Revenue

$282M

Previous: $199M+41.9%
EPS (adj)

-$0.13

Previous: -$0.44+70.5%
Capital Expenditures

-$25.2M

Previous: -$32M+21.3%
Free Cash Flow

-$27.3M

Previous: -$38.6M+29.1%
Net Income

-$2.18M

Previous: -$6.58M+67.0%
Operating Income

-$6.96M

Previous: -$12.7M+45.1%
Gross Profit

$206M

Previous: $150M+37.1%
Cash & Equivalents

$59.8M

Previous: $64.9M-7.9%
Total Assets

$1.04B

Previous: $1.07B-2.4%
Stock-Based Comp

$2.45M

Previous: $3.02M-18.9%

Revenue & EPS history

BJ's · Revenue · Quarterly

$282M

Q3 2021+41.9%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

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 Q3 2021

Historical avgQ3 2021

+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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