NASDAQ$BJRI

BJ's Restaurants Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and fiscal year 2020.

BJ's Restaurants, Inc. reported its Q4 2020 results, showing resilience despite increased dining room restrictions and closures, particularly in California. Sales trends in January and February are encouraging due to relaxed restrictions and pent-up demand. The company is focused on leveraging various sales initiatives, including a subscription-based beer club, individual catering boxes, and a virtual restaurant brand.

  • Q4 2020 results exceeded expectations despite dining room restrictions and closures.
  • Sales trends in January and February are encouraging due to relaxed restrictions and pent-up demand.
  • Comparable restaurant sales in California improved by over 20 percentage points after patio re-openings.
  • Total company weekly sales average increased to over $74,000 last week.

Headline financials

Total Revenue

$197M

Previous: $291M-32.3%
EPS (adj)

-$0.80

Previous: $0.54-248.1%
Capital Expenditures

$11.3M

Previous: $16.6M-31.8%
Free Cash Flow

-$7.02M

Previous: $21.7M-132.4%
Net Income

-$18.1M

Previous: $14.5M-224.6%
Operating Income

-$20.3M

Previous: $16.3M-224.6%
Gross Profit

$13.1M

Previous: $46.4M-71.8%
Cash & Equivalents

$51.7M

Previous: $22.4M+130.7%
Total Assets

$1.06B

Previous: $1.07B-1.2%
Stock-Based Comp

$2.99M

Previous: $2.38M+25.6%

Revenue & EPS history

BJ's · Revenue · Quarterly

$197M

Q4 2020-32.3%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

BJ's Restaurants anticipates expanding its subscription-based beer club to additional California restaurants this spring and expects its innovation around individual catering boxes, combined with its other catering options and family meal bundles, will continue to drive momentum in this under-leveraged segment of its business. In addition, its virtual restaurant brand, focused on its slow roast and other protein offerings, continues to perform well in early test, and the company expects to expand this platform later 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 Q4 2020

Historical avgQ4 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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