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Dec 31, 2019
BJ's Q4 2019 Earnings Report
Reported positive comparable restaurant sales driven by the strength of the BJ’s concept, innovative sales initiatives, and team member commitment.
Key Takeaways
BJ's Restaurants, Inc. reported positive comparable restaurant sales for the fourth quarter and fiscal year 2019, driven by innovative sales initiatives and team member commitment. The company opened two new restaurants and closed one, while also repurchasing shares and declaring a cash dividend.
Comparable restaurant sales were positive for both the quarter and the full year.
The company opened two new restaurants and closed one during the quarter.
BJ's repurchased approximately 0.3 million shares of its common stock at a cost of approximately $10.3 million.
A cash dividend of $0.13 per share of common stock was declared.
BJ's
BJ's
Forward Guidance
The Company plans to open eight to ten restaurants in 2020.
Positive Outlook
- Acceleration in the pace of restaurant openings.
- Prioritizing a balanced approach to new restaurant growth.
- New restaurant quality and hospitality taking precedence over new restaurant quantity.
- Financial flexibility to allocate strong cash flows to new restaurant growth.
- Enhance shareholder value through sales and productivity initiatives, share repurchases and dividends.