0001193125-26-206922
SEC filingBJ's Restaurants reported $358.1M revenue and $10.6M operating income for Q1 2026, with $62.0M debt and $87.9M buyback authorization remaining.
As of March 31, 2026, the Notes disclose long-term debt of $62.0 million under the Credit Facility, with $15.6 million in letters of credit outstanding, leaving $137.4 million available for borrowing. The weighted average interest rate during the quarter was approximately 5.0%. The Company had $22.7 million in cash and cash equivalents per the balance sheet (not within Notes), but the Notes reiterate the debt position and compliance with covenants.
No purchase commitments or contractual obligations were disclosed in the Notes. The only obligations mentioned are operating lease costs ($15.5 million total lease cost for Q1 2026) and the credit facility.
During the thirteen weeks ended March 31, 2026, the Company repurchased and retired approximately 0.2 million shares at an average price of $35.01 per share for a total of $5.3 million. As of March 31, 2026, $87.9 million remained available under the authorized $675 million share repurchase program. No cash dividends were paid or declared. Debt decreased from $85.0 million at year-end 2025 to $62.0 million, a net repayment of $23.0 million (implied from the balance sheet, but not explicitly stated in the Notes). Capital expenditures are not detailed within the Notes, but the cash flow statement shows $15.8 million in purchases of property and equipment.
The Company operates in one operating segment: full-service company-owned restaurants within the United States. Segment revenue for Q1 2026 was $358.1 million, and segment income from operations was $10.6 million. The CODM (CEO and President) uses income from operations to assess performance and allocate resources. No further geographic or segment breakdown is provided.