BJ's Restaurants 3Q profit plummets 47%

BJ's Restaurants 3Q profit plummets 47%

Company says sales environment for casual-dining segment remains challenging

BJ’s Restaurants Inc. reported on Thursday a 47-percent decline in net income for the third quarter ended Oct. 1, noting that the sales environment for casual dining remains challenging. The Huntington Beach, Calif.-based operator ended the quarter with 143 restaurants under the BJ’s Restaurant & Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza & Grill, and BJ’s Grill brand names.
 

NET INCOME

Result: $3.6 million, or 13 cents per share
% Decrease: 47% (from $6.8 million, or 24 cents per share)

REVENUE

Result: $188.2 million
% Increase: 7.4% (from $175.2 million)

SAME-STORE SALES

% Decrease systemwide: 2.2%

Source: Company report



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Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout

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