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Dec 28, 2021
BJ's Q4 2021 Earnings Report
Reported record fourth quarter revenue despite labor constraints and the Omicron surge.
Key Takeaways
BJ's Restaurants, Inc. reported record fourth quarter revenue despite ongoing labor constraints and the significant impact of the Omicron surge. The company's two-year comparable restaurant sales were impacted by the Omicron surge in December, but average weekly sales were strong the week before Christmas.
Generated record fourth quarter revenue.
Experienced a negative impact on two-year comparable restaurant sales due to the Omicron surge in December.
Achieved high sales levels with limited staffing and reduced hours.
Plans to accelerate new restaurant openings and remodel existing locations in fiscal 2022.
BJ's
BJ's
Forward Guidance
BJ's Restaurants expects industry-leading results in 2022, driven by its differentiated concept, team members, guest affinity, and restaurant expansion opportunity. The company plans to open as many as eight new restaurants in fiscal 2022 and remodel several existing locations.
Positive Outlook
- Differentiated concept and sales and profit initiatives
- Team members, culture and gold standard service
- Guests’ affinity to our brand, offerings, value and hospitality
- Significant near- and long-term restaurant expansion opportunity
- Plans to open as many as eight new restaurants in fiscal 2022