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Jun 28, 2022

BJ's Q2 2022 Earnings Report

Reported highest ever quarterly sales driven by guest affinity and successful staffing initiatives.

Key Takeaways

BJ's Restaurants reported its highest ever quarterly sales, surpassing the previous record from Q2 2019 by 9.5%. Comparable restaurant sales increased by 11.7% compared to the previous year and 4.8% compared to 2019. The company opened new restaurants in San Antonio, Texas and Framingham, Massachusetts, expanding its footprint to 214 locations.

Total revenues eclipsed the previous record set in the second quarter of 2019 by 9.5%.

Comparable restaurant sales were up 4.8% over the second quarter of 2019.

Comparable restaurant sales increased 11.7% compared to a year ago.

The company opened new restaurants in San Antonio, Texas and Framingham, Massachusetts, expanding its footprint to 214 locations.

Total Revenue
$330M
Previous year: $290M
+13.6%
EPS
$0.01
Previous year: $0.26
-96.2%
Gross Profit
$21.5M
Previous year: $42.9M
-49.8%
Cash and Equivalents
$37.8M
Previous year: $88M
-57.1%
Free Cash Flow
$10.6M
Previous year: $31.9M
-66.8%
Total Assets
$1.03B
Previous year: $1.07B
-3.6%

BJ's

BJ's

Forward Guidance

BJ's Restaurants expects to open up to five additional restaurants in the second half of the year and will be testing margin improvement initiatives and implementing menu price increases.