BJRI · BJ's Restaurants, Inc.

BJ’s Restaurants, Inc. delivered fiscal first quarter 2026 results reflecting continued momentum with total revenues up 2.9% to $358.1 million, driven by 2.4% comparable restaurant sales growth including a 2.2% increase in guest traffic, marking the seventh consecutive quarter of sales and traffic gains. Restaurant level operating profit improved 2.8% to $57.2 million at a stable 16.0% margin, while Adjusted EBITDA rose 6.8% to $37.7 million. GAAP net income was $9.0 million or $0.41 diluted EPS, down from $13.5 million or $0.58 in the prior year, impacted by higher depreciation and amortization of $22.8 million versus $18.3 million, including a catch-up adjustment, and a $1.7 million loss on disposal and impairment. Adjusted diluted EPS of $0.57 reflected underlying performance. CEO Lyle Tick highlighted execution on four strategic priorities enhancing menu, culture, and restaurant environment, positioning for long-term profitable growth. The company repurchased 151,000 shares for $5.3 million, with $85.6 million remaining under authorization. Management reiterated full-year 2026 outlook including 1-3% comp sales growth, restaurant operating profit of $221-233 million, and Adjusted EBITDA of $140-150 million, signaling confidence amid ongoing initiatives. Balance sheet as of March 31, 2026 showed cash at $22.7 million, total debt reduced to $62.0 million from $85.0 million at year-end, and shareholders' equity up to $372.5 million.