Q4 2024 BJ's Restaurants Inc Earnings Call Transcript

Feb 20, 2025 / 09:30PM GMT

Release Date Price: $35.74 (-0.36%)

Transcript 10-K8-K

Key Points

Positve

BJ's Restaurants Inc (BJRI) reported strong comparable same restaurant sales growth of 5.5% in Q4 2024, driven primarily by increased guest traffic.
The company achieved a record Q4 restaurant-level operating profit of $52.9 million, marking a 14% increase from the previous year.
Adjusted EBITDA for the fourth quarter was $33.1 million, a 21% increase from the prior year, with a margin improvement of 120 basis points.
BJ's Restaurants Inc (BJRI) successfully implemented margin enhancement initiatives, resulting in a restaurant-level margin of 15.4%, up 100 basis points from last year.
The company is making strategic investments in brand positioning and growth initiatives, including a focus on simplifying operations and enhancing team member training.

Negative

BJ's Restaurants Inc (BJRI) faced increased food cost inflation of approximately 3.5% year over year, which was not fully recaptured.
The company reported a net loss of $5.3 million for the quarter, including charges related to asset disposals and leadership transition costs.
Weather-related impacts in certain markets contributed to a softening of sales trends from Q4 2024 levels.
The company experienced a 40 basis point increase in cost of sales due to higher food costs associated with specific promotions.
BJ's Restaurants Inc (BJRI) anticipates a cautious consumer environment in 2025, with potential impacts on sales growth.

Operator

Good afternoon and welcome to the BJ's Restaurants fourth-quarter 2024 earnings release conference call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Rana Schirmer, Director of SEC Reporting. Please go ahead.

Rana Schirmer;s Restaurants Inc;Director

BJ;SEC Reporting

'- -

Thank you, operator. Good afternoon, everyone, and welcome to our fiscal 2024 fourth-quarter investor conference call and webcast. After the market closed today, we released our financial results for our fiscal 2024 fourth quarter. You can view the full text of our earnings release on our website at www.bjsrestaurants. com.

I will begin by reminding you that our comments on the conference call today will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are not guarantees of future performance, and undue reliance should not be placed on such statements

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