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BJ’s(BJRI) - 2026 Q1 - Quarterly Results
BJRIBJ’s(BJRI)2025-05-01 20:02

Financial Performance - Total revenues for fiscal Q1 2025 increased by 3.2% to 348.0millioncomparedto348.0 million compared to 337.3 million in Q1 2024[8] - Diluted net income per share was 0.58,reflectinga79.80.58, reflecting a 79.8% increase from 0.32 in the previous year[8] - Adjusted diluted net income per share increased by 68.6% to 0.59from0.59 from 0.35[8] - Net income for the first quarter ended April 1, 2025, was 13,492thousand,a3.913,492 thousand, a 3.9% increase from 7,723 thousand or 2.3% in the prior year[32] - Adjusted net income for the first quarter ended April 1, 2025, was 13,623thousand,up3.913,623 thousand, up 3.9% from 8,317 thousand or 2.5% in the same quarter of 2024[28] Operating Metrics - Comparable restaurant sales rose by 1.7%, with a traffic improvement of 2.7%, outperforming the Black Box industry average by 320 basis points[6] - Restaurant level operating profit reached 55.6million,a10.155.6 million, a 10.1% increase, with a margin improvement of 100 basis points to 16.0%[8] - Restaurant level operating profit increased to 55,590 thousand, representing 16.0% of total revenues, compared to 50,502thousandor15.050,502 thousand or 15.0% in the previous year[31] EBITDA and Guidance - Adjusted EBITDA was 35.4 million, up 20.3% from 29.4million[8]−AdjustedEBITDAforthefirstquarterendedApril1,2025,was29.4 million[8] - Adjusted EBITDA for the first quarter ended April 1, 2025, was 35,350 thousand, representing 10.2% of total revenues, compared to 29,392thousandor8.729,392 thousand or 8.7% for the same period in 2024[32] - Adjusted EBITDA guidance for fiscal 2025 is set between 131 million and 140million[13]ShareRepurchaseandExpenses−Thecompanyrepurchasedapproximately404,000sharesatacostof140 million[13] Share Repurchase and Expenses - The company repurchased approximately 404,000 shares at a cost of 14.1 million, with 72millionremainingunderthesharerepurchaseprogram[7]−Generalandadministrativeexpenseswere72 million remaining under the share repurchase program[7] - General and administrative expenses were 21,752 thousand, accounting for 6.3% of total revenues, slightly down from 22,997thousandor6.822,997 thousand or 6.8% in the prior year[31] Future Projections - The company anticipates comparable restaurant sales growth of 2% to 3% for fiscal 2025[13] - Projected restaurant level operating profit for fiscal 2025 is between 210 million and 219million[13]OtherFinancialInformation−Thedilutedweightedaveragenumberofsharesoutstandingdecreasedto23,284thousandfrom23,965thousandyear−over−year[28]−Thecompanyreportedalossondisposalandimpairmentofassetsof219 million[13] Other Financial Information - The diluted weighted average number of shares outstanding decreased to 23,284 thousand from 23,965 thousand year-over-year[28] - The company reported a loss on disposal and impairment of assets of 173 thousand for the first quarter ended April 1, 2025, compared to 784thousandinthesamequarterof2024[32]−Interestexpenseforthefirstquarterwas784 thousand in the same quarter of 2024[32] - Interest expense for the first quarter was 1,230 thousand, consistent with $1,411 thousand in the prior year[32] - The tax effect of adjustments for the first quarter was based on an annual statutory tax rate of 24.2%[30]