BJ's 4Q profit drops 29% as consumers pull back

BJ's 4Q profit drops 29% as consumers pull back

Company reports softening midweek sales at its casual-dining chain

BJ’s Restaurants Inc. reported a 29-percent decrease in profit for the fourth quarter Tuesday, saying sales trends are softening as consumers pull back on dining out in light of payroll tax increases and other pressures.

The company reported that the decline in net income was largely due to one-time pre-tax charges during the quarter that ended Jan. 1 and an additional operating week the prior year. However, in an earnings call with analysts following the report, Gre

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish