BJ's Restaurants Q2 revenue beats estimates
BJ's Restaurants Q2 revenue beats estimates
Overview
US casual dining chain's fiscal Q2 revenue rose 6.4%, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations
Company raised 2026 guidance and repurchased $2.4 mln in shares during Q2
Outlook
BJ's Restaurants raises 2026 comparable sales growth outlook to 3.0%-4.0% from 1.0%-3.0%
Company lifts 2026 restaurant-level operating profit forecast to $228 mln-$235 mln
BJ's Restaurants now sees 2026 adjusted EBITDA at $145 mln-$152 mln, up from $140 mln-$150 mln
Result Drivers
GUEST TRAFFIC - Co said comparable restaurant sales growth was driven by an 8.3% increase in guest traffic, outpacing casual dining benchmarks
STRATEGIC INITIATIVES - Management attributed profit growth to continued execution of four strategic pillars and operational improvements
HIGHER GENERAL & ADMINISTRATIVE COSTS - Incremental G&A costs were related to deferred compensation, legal, and leadership transition expenses, per CFO
Company press release: ID:nGNX9nN6hf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $388.89 mln | $377.07 mln (10 Analysts) |
Q2 Adjusted EPS | Beat | $0.94 | $0.89 (10 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "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 $64.00, about 8.8% below its July 29 closing price of $70.15
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 14 three months ago
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(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.)