BJRI - More on BJ's Restaurants Q4 results

BJ's Restaurants (BJRI) reports a comparable sales decline with a 32.3% mark for Q4 and adj. EBITDA came in at $2.4M vs. $3.26M consensus.Restaurant level operating margin declined 940 bps to 6.6% of sales.Total restaurant operating weeks increased 0.6% Y/Y to 2,714.Today ~144 of restaurants have open dining rooms with some government-mandated capacity limitations, another 65 can serve guests only on outdoor patios, and one remains temporarily closed.Total company weekly sales average increased to over $74K last week, compared to $66.4K in January and $60.3K in December.“Coupled with the contraction in casual dining supply resulting from the pandemic and our opportunity to expand to at least 425 restaurants nationally, BJ’s has a long term roadmap to continue growing our market share and driving shareholder value for many years to come.” commented Greg Trojan, CEO.Previously: BJ's Restaurants EPS misses by $0.09, revenue in-line (Feb. 11 2021)

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More on BJ's Restaurants Q4 results