BJ's Restaurants Q3 revenue rises 8.6%, beats estimates

BJ's Restaurants

05/11/2026 21:34

Overview
US casual dining chain's fiscal Q3 revenue rose 8.6%, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations
Company repurchased $1 mln in shares during the quarter

Outlook
Company raises 2026 comparable restaurant sales growth outlook to about 4.7%
BJ's Restaurants now sees 2026 restaurant level operating profit at $233 mln to $237 mln
Company expects 2026 adjusted EBITDA of $149 mln to $154 mln

Result Drivers
SALES AND TRAFFIC GROWTH - Co said Q3 marked its ninth consecutive quarter of both sales and traffic growth, with comparable restaurant sales and traffic up about 8%
OPERATING PROFIT MARGIN IMPROVEMENT - Co reported restaurant level operating profit margin rose by 220 basis points year over year
MENU INNOVATION AND GUEST EXPERIENCE - Co said it continues to invest in menu innovation and enhancing guest experience to drive results, per CEO Lyle Tick

Company press release: ID:nGNXJVJbY

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$358.63 mln
$346.68 mln (9 Analysts)
Q3 Adjusted EPS
Beat
$0.33
$0.16 (9 Analysts)
Q3 Comparable Sales Growth
 
8.10%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for BJ's Restaurants Inc is $76.00, about 23.1% above its November 4 closing price of $61.75
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Nov 4 - Applebee's owner Dine Brands beats Q3 sales estimates on value, menu innovation
Nov 5 - Wendys Q3 adjusted revenue misses estimates, hurt by weaker US demand
Nov 5 - Papa John's Q3 revenue falls 10.5%, misses estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)