BJRI - BJ's Restaurants tops earnings estimates touts resilient margins

BJ's Restaurants (NASDAQ:BJRI) is bouncing higher in post-market hours after reporting a beat on top and bottom line estimates and affirming its aggressive growth strategy. Of particular note for those parsing the print was a 33.9% jump in comparable restaurant sales and a move into the black for net income, notching $1.5 million as compared to net loss of $3.1 million in the prior year.  “The strong sales momentum we built through the quarter, which has continued into April, highlights the unique strength of the BJ’s concept to bring guests together to create memorable dining experiences featuring great menu favorites and award-winning craft beers,” commented Greg Levin, Chief Executive Officer and President.  He noted that weekly restaurant sales in dollar terms for the chain climbed throughout the quarter, emerging rapidly from the impact of the Omicron variant that hit January traffic hard. He added that the continued momentum is unlocking

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BJ’s Restaurants tops earnings estimates, touts resilient margins