What is BJ'S Restaurants's latest dividend and current dividend yield?

What does BJ'S Restaurants do and what are its main business segments?

What factors drove the changes in BJ'S Restaurants's revenue and profit?

What were the key takeaways from BJ'S Restaurants's earnings call?

Did BJ'S Restaurants beat or miss consensus estimates last quarter?

What were the key takeaways from BJ'S Restaurants’s earnings call?

What is the revenue and EPS growth rate for BJ'S Restaurants year over year?

What is BJ'S Restaurants's gross profit margin?

- **Revenue Momentum**: 5 straight quarters of growth, Q3 0.5% comp (accelerating to 1.5% in final 2 months). 
- **Margin Expansion**: 12.5% restaurant margins (up 80bps YoY), 6.4% EBITDA (up 70bps YoY). 
- **Strategic Wins**: 
  - Pizookie Meal Deal driving +3.5% YoY traffic, 2 seasonal Pizookies launched in Q4. 
  - Pizza refresh testing shows 10% pizza incidence uplift. 
- **Balance Sheet Strength**: $62.4M YTD buybacks, guidance raised to $65-80M for 2025. 
- **Growth Pipeline**: 2026 remodels on track, 2 new units in H2 2026, 2-3 units targeted for 2027+. 
- **Digital Focus**: 2026 initiatives to streamline off-premise, improve menu merchandising.

**【CEO Summary Section】**
- Reported 5 consecutive quarters of sales and traffic growth, with Q3 same-store sales growth of 0.5% (accelerating to 1.5% in final 2 months). 
- Restaurant-level operating margins improved to 12.5% (up 80bps YoY), EBITDA margins at 6.4% (up 70bps YoY). 
- Key initiatives: 
  - Pizookie Meal Deal lapped successfully, driving +3.5% YoY traffic in last 6 weeks. 
  - Pizza refresh launching Nov 6, with 2 seasonal Pizookies in Q4. 
  - Simplification efforts reduced comp food/beverage incidents by over 10%, removing 0.5M POS clicks. 
- 2025 full year guidance reaffirmed: ~2% comp sales growth, $211-219M restaurant profit, $132-140M EBITDA. 
- New CFO hire announced for mid-Dec start, with strong Board support.

**【CFO Financial Commentary】**
- Q3 sales $330M (+1.4% YoY), driven by +2% pricing offset by -1.4% check compression. 
- Key financials: 
  - GAAP net income $42.3M, Non-GAAP EPS $1.08 (vs $0.95 consensus). 
  - Share buybacks: $33.2M in Q3, total $62.4M YTD; guidance raised to $65-80M for 2025. 
  - Debt $89.5M, cash $25.4M, net debt $64.1M. 
  - Margins: 
    - Cost of sales 25.7% (down 90bps YoY). 
    - Labor 37.1% (flat YoY). 
    - Occupancy/SG&A 24.7% (flat YoY). 
- 2025 inflation expectations: ~2% in Q3, mid-2% for Q4.

**【Q&A Key Highlights】**
1. **Traffic Acceleration**: 
   - Q4 tracking for 2-2.5% comp growth to hit 2% FY target. 
   - Driven by Pizookie Meal Deal (+3.5% YoY traffic), Spooky Pizookie social media success (350% engagement growth). 
   - Frequency improving across age/income cohorts, offsetting check compression. 

2. **Remodel Program**: 
   - 20 remodels in 2025 (50% of pre-2016 fleet), 2026 remodels to continue at similar pace. 
   - Prototype refresh testing in 2026, targeting 2 new units in H2 2026. 
   - Focus on concentric circles expansion (filling existing market density first). 

3. **New Unit Growth**: 
   - 2 leases signed for 2026 openings, targeting 2-3 units in 2027+. 
   - Prototype focuses on BJ's DNA with modernized design, flexible size/cost options. 

4. **Digital Strategy**: 
   - 2026 priority: improve off-premise/delivery flow, menu merchandising, and order accuracy. 
   - Testing category refreshes for trade-up opportunities. 
   - Pricing cautious but opportunistic, guided by value metrics. 


BJRI

BJRI fundamentals

You can ask Aime