BJ’s Restaurants, Inc. (NASDAQ:BJRI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
BJ’s Restaurants, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.33% to $0.29 in the quarter versus EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 12.53% to $188.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: BJ’s Restaurants, Inc. reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.28. It beat the average revenue estimate of $188.4 million.
Quoting Management: “I could not be more proud of all of our team members for their dedication to making BJ’s a great dining experience for our guests,” commented Greg Trojan, President and Chief Executive Officer. “Despite the extremely challenging top line sales environment for casual dining, we recorded our 13th consecutive quarter of positive comparable restaurant sales. Furthermore, our restaurant operators did an excellent job of managing the choppy sales environment in a productive and efficient manner during the quarter, resulting in some of our best productivity metrics in quite some time. In this difficult operating environment, where consumer spending for casual dining occasions remains under pressure, we believe the more successful restaurant concepts will be those that protect their overall approachability, quality, differentiation and value for the consumer. This has always been the foundation of the BJ’s concept and will continue to be our focus going forward.”
Key Stats (on next page)…
Revenue increased 2.05% from $184.81 million in the previous quarter. EPS increased 7.41% from $0.27 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.37 to a profit $0.35. For the current year, the average estimate has moved down from a profit of $1.33 to a profit of $1.2 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)