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BJRI - Why BJ's Restaurants Stock Is Down 10% Today
BJ's Restaurants Inc.
Shares in BJ's Restaurants (NASDAQ: BJRI) are down 10% today, after reporting third-quarter earnings that continue to reflect struggles in the sector brought by impacts of the pandemic.
The restaurant and brewhouse chain reported a 30% decline in comparable-restaurant sales, and a 29% drop in total revenue versus the year-ago period. Excluding gains unrelated to the operations, the company lost $0.44 per share in the quarter ended Sept. 29, versus a $0.18 gain in the prior-year period.