BJ's Restaurants, Inc. reported a revenue increase of 3.2% for the thirteen weeks ended April 1, 2025, totaling $348.0 million compared to $337.3 million for the same period in 2024. The growth was driven by a 1.7% rise in comparable restaurant sales, which contributed approximately $5.7 million, alongside an additional $4.8 million from new restaurants not yet included in the comparable sales base. The company also saw a significant increase in net income, which rose to $13.5 million, or $0.58 per diluted share, up from $7.7 million, or $0.32 per diluted share, in the prior year.
In terms of operational efficiency, BJ's Restaurants managed to reduce its cost of sales as a percentage of revenue to 25.0%, down from 25.2% in the previous year. This was attributed to menu price increases that offset inflationary pressures and effective cost-saving initiatives. Labor and benefit costs remained stable, increasing only slightly to $125.7 million, while general and administrative expenses decreased by 5.4% to $21.8 million, reflecting improved operational leverage.
The company has also been active in its capital management strategies, repurchasing approximately 404,000 shares of common stock at an average price of $34.94, totaling around $14.1 million. As of April 1, 2025, BJ's had $71.8 million remaining under its $600 million share repurchase program, which was recently increased by $50 million. The company continues to focus on enhancing shareholder value while maintaining a flexible balance sheet to support future growth initiatives.
Looking ahead, BJ's Restaurants plans to accelerate its restaurant openings in 2026, with capital expenditures for fiscal 2025 estimated between $65 million and $75 million. This includes costs for new restaurant openings and remodeling existing locations. The company expects to fund these expenditures through its current cash balance, operational cash flows, and available credit. BJ's management remains optimistic about its growth trajectory, although it acknowledges that future performance will be influenced by broader economic conditions and consumer spending patterns.
About BJs RESTAURANTS INC
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