2024-05-06 01:31:10 ET
Summary
- BJ's Restaurants has shown improvement in margins and cost management in the first quarter of 2024.
- Despite the impact of winter storms and weaker demand in January, BJRI was able to recover and achieve comparable restaurant sales close to the first quarter of 2023.
- The company's new unit in Brookfield, Wisconsin has been successful, indicating potential for geographic expansion and organic growth in new markets.
Introduction
Before we start breaking down BJ's ( BJRI ) first quarter 2024 results, I would like to highlight that this is an analysis intended to place greater emphasis on short-term operational patterns. Therefore, if you are interested in a more complete analysis, which aims to closely investigate both profitability, capital structure and other factors, I recommend reading my latest analysis of BJ's.
For those who remember, I recommended "Buy" in my last review of BJ's Restaurants, mainly expecting an improvement in margins, along with the establishment of successful cost containment programs. What we had in the first quarter of 2024 was, perhaps, something more than that, since not only have costs been contained and improved significantly since the pandemic , but also a favorable outlook for the brand's geographic expansion into new markets....
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BJ's Restaurants: Exceptional Cost Management, New Lean Unit Model, And Possible Brand Expansion