NASDAQ$BJRI

BJ's Restaurants Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record fourth quarter revenue despite labor constraints and the Omicron surge.

BJ's Restaurants, Inc. reported record fourth quarter revenue despite ongoing labor constraints and the significant impact of the Omicron surge. The company's two-year comparable restaurant sales were impacted by the Omicron surge in December, but average weekly sales were strong the week before Christmas.

  • Generated record fourth quarter revenue.
  • Experienced a negative impact on two-year comparable restaurant sales due to the Omicron surge in December.
  • Achieved high sales levels with limited staffing and reduced hours.
  • Plans to accelerate new restaurant openings and remodel existing locations in fiscal 2022.

Headline financials

Total Revenue

$291M

Previous: $197M+47.8%
EPS (adj)

-$0.20

Previous: -$0.80+75.0%
Capital Expenditures

$17M

Previous: $11.3M+50.1%
Free Cash Flow

$1.02M

Previous: -$7.02M+114.5%
Net Income

-$4.66M

Previous: -$18.1M+74.2%
Operating Income

-$8.01M

Previous: -$20.3M+60.6%
Gross Profit

$29.4M

Previous: $13.1M+124.9%
Cash & Equivalents

$38.5M

Previous: $51.7M-25.4%
Total Assets

$1.04B

Previous: $1.06B-2.3%
Stock-Based Comp

$2.9M

Previous: $2.99M-3.0%

Revenue & EPS history

BJ's · Revenue · Quarterly

$291M

Q4 2021+47.8%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

BJ's Restaurants expects industry-leading results in 2022, driven by its differentiated concept, team members, guest affinity, and restaurant expansion opportunity. The company plans to open as many as eight new restaurants in fiscal 2022 and remodel several existing locations.

Tailwinds

  • Differentiated concept and sales and profit initiatives
  • Team members, culture and gold standard service
  • Guests’ affinity to our brand, offerings, value and hospitality
  • Significant near- and long-term restaurant expansion opportunity
  • Plans to open as many as eight new restaurants in fiscal 2022

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 2021

Historical avgQ4 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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