BJ's Q4 2020 Earnings Report
Key Takeaways
BJ's Restaurants, Inc. reported its Q4 2020 results, showing resilience despite increased dining room restrictions and closures, particularly in California. Sales trends in January and February are encouraging due to relaxed restrictions and pent-up demand. The company is focused on leveraging various sales initiatives, including a subscription-based beer club, individual catering boxes, and a virtual restaurant brand.
Q4 2020 results exceeded expectations despite dining room restrictions and closures.
Sales trends in January and February are encouraging due to relaxed restrictions and pent-up demand.
Comparable restaurant sales in California improved by over 20 percentage points after patio re-openings.
Total company weekly sales average increased to over $74,000 last week.
BJ's
BJ's
Forward Guidance
BJ's Restaurants anticipates expanding its subscription-based beer club to additional California restaurants this spring and expects its innovation around individual catering boxes, combined with its other catering options and family meal bundles, will continue to drive momentum in this under-leveraged segment of its business. In addition, its virtual restaurant brand, focused on its slow roast and other protein offerings, continues to perform well in early test, and the company expects to expand this platform later this year.