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Jul 04, 2023
BJ's Q2 2023 Earnings Report
Reported strong second quarter results driven by growth and productivity initiatives, surpassing original annual cost savings target.
Key Takeaways
BJ's Restaurants, Inc. reported strong second quarter results, driven by growth and productivity initiatives. The company's restaurant level operating margin improved to 14.5%, a 260 basis point increase compared to the previous year. BJ's also surpassed its original annual cost savings target of $25 million in the second quarter.
Restaurant level operating margin reached 14.5%, up 260 basis points year-over-year.
The company surpassed its original annual cost savings target of $25 million.
BJ's opened a new restaurant in San Antonio, Texas.
The company is accelerating its remodel plan, expecting to remodel 35 to 40 restaurants this year.
BJ's
BJ's
Forward Guidance
BJ's Restaurants is on schedule to open five new restaurants this year, including one relocation next month, and expects to remodel 35 to 40 restaurants this year.