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Mar 29, 2022
BJ's Q1 2022 Earnings Report
BJ's Restaurants, Inc. reported financial results for its fiscal first quarter ended March 29, 2022.
Key Takeaways
BJ's Restaurants reported strong sales momentum through the quarter, with weekly restaurant sales average steadily increasing. The company opened two new restaurants and has plans to open more, while also remodeling existing locations.
Weekly restaurant sales average steadily increased from $96,000 in January to $118,000 in March.
Comparable restaurant sales improved from -6.4% in January to 1.2% in March compared to 2019.
The company opened its first new restaurant of the year in Charlotte, North Carolina, and a second in San Antonio, Texas.
BJ's Restaurants remains on schedule to open as many as eight new restaurants this year.
BJ's
BJ's
Forward Guidance
BJ's Restaurants aims to increase average weekly sales, double restaurant locations to 425 nationwide, and grow sales to $2 billion and beyond.