Q4 2025 BJ's Restaurants Inc Earnings Call Transcript
Key Points
- BJ's Restaurants Inc (BJRI) reported its sixth consecutive quarter of sales and traffic growth, with a 2.6% increase in same-store sales and a 4.5% rise in traffic.
- The company achieved a 16.1% restaurant operating margin and a 10% adjusted EBITDA margin, marking improvements of 70 and 40 basis points year-over-year, respectively.
- BJ's Restaurants Inc (BJRI) successfully introduced new menu items, such as the seasonal ezukis and a renovated pizza platform, which resonated well with customers and drove traffic.
- The company completed 19 remodels in 2025, modernizing nearly 50% of its pre-2016 fleet, which is expected to enhance customer experience and operational efficiency.
- BJ's Restaurants Inc (BJRI) plans to open up to two new restaurants in the second half of 2026, with a focus on a refreshed prototype to support future growth.
- The company experienced a 1.9% decrease in average check size, attributed to a mix shift towards lower-priced items like seasonal ezukis and late-night offerings.
- BJ's Restaurants Inc (BJRI) faced increased costs in beef and produce, contributing to a 2.5% inflation in the commodity basket during the fourth quarter.
- Labor expenses remained high at 35.8% of sales, with increased bonus costs for restaurant management and higher workers' compensation expenses.
- The off-premise segment of the business has seen declines, posing a challenge to overall sales growth.
- General and administrative costs increased by 20 basis points due to expenses related to leadership transitions and previously capitalized expenses that no longer held future value.
Good afternoon and welcome to the BJ's Restaurant's fourth-quarter 2025 earnings conference call. (Operator Instructions) Please note this event is being recorded. I would now like to turn to the conference over to Rana Schirmer, Director of SEC Reporting. Please go ahead.
'-
Thank you, operator. Good afternoon, everyone, and welcome to our fiscal year 2025 fourth quarter investor conference call and webcast. After the market closed today, we released our financial results for our fiscal 2025 fourth quarter. You can view the full text of our earnings release on our website at www.bJ'srestaurants.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 1,995. Investors are cautioned that forward-looking stamens are not guaranteed that future performance and that undue reliance should not be placed on such statements. These
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
