NASDAQ$BJRI
BJ's Restaurants Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported progress with sales building programs and cost savings initiatives, leading to expanded restaurant operating margin and Adjusted EBITDA.
BJ's Restaurants, Inc. reported improved restaurant level operating margin by 160 basis points and increased Adjusted EBITDA by approximately 30% compared to the prior year. The company also realized over $30 million of annualized savings from cost savings initiatives.
- Restaurant operating margin improved by 160 basis points.
- Adjusted EBITDA increased by approximately 30% from the prior year.
- More than $30 million of annualized savings realized from cost savings initiatives to date.
- Comparable restaurant sales for the first three weeks of October are trending in the low single digits, an improvement of more than 500 basis points from September levels.
Headline financials
Revenue & EPS history
BJ's · Revenue · Quarterly
$319M
Forward guidance
The company is well-positioned to achieve near- and mid-term sales and margin growth objectives, enabling them to add new restaurants, remodel existing ones, and return capital to shareholders.
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 2023
+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
| Quarter | Report date | Reaction (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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