BJ's Q1 2025 Earnings Report
Key Takeaways
BJ's Restaurants reported a strong first quarter for fiscal year 2025, with total revenues increasing by 3.2% and comparable restaurant sales growing by 1.7%. Diluted net income per share saw a substantial increase of 79.8%, and adjusted diluted net income per share rose by 68.6%. The company also saw improvements in restaurant-level operating profit and adjusted EBITDA margins, leading to raised full-year earnings outlook and increased share repurchase expectations.
Total revenues increased by 3.2% to $348.0 million in the first quarter of fiscal 2025.
Diluted net income per share was $0.58, a 79.8% increase from $0.32 in the prior year.
Adjusted diluted net income per share was $0.59, a 68.6% increase from $0.35 in the prior year.
Comparable restaurant sales increased by 1.7%.
BJ's
BJ's
Forward Guidance
For fiscal 2025, management anticipates comparable restaurant sales growth of 2% to 3%, restaurant level operating profit between $210 million and $219 million, Adjusted EBITDA between $131 million and $140 million, capital expenditures between $65 million and $75 million, and share repurchases between $45 million and $55 million.
Positive Outlook
- Comparable restaurant sales growth is expected to be between 2% and 3%.
- Restaurant level operating profit is anticipated to be between $210 million and $219 million.
- Adjusted EBITDA is expected to be between $131 million and $140 million.
- Share repurchases are projected to be between $45 million and $55 million.
- Increased confidence in strategic growth plans and near-term initiatives.
Challenges Ahead
- Actual results may differ materially from guidance due to various factors.
- Uncertainty related to the U.S. consumer environment.
- Potential impacts from trade policies.
- Risks related to increasing costs (labor, construction, etc.).
- Potential impact of macroeconomic conditions on consumer spending.