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HUNTINGTON BEACH, Calif. - BJ’s Restaurants, Inc. (NASDAQ:BJRI) reported third-quarter adjusted earnings of $0.04 per share, missing analyst expectations of $0.06, while revenue of $330.2 million fell short of the $335.63 million consensus estimate.
BJRI shares were down 0.3% in after-hours trading Thursday.
Despite the earnings miss, the company reported its fifth consecutive quarter of sales and traffic growth, with comparable restaurant sales increasing 0.5% YoY and total revenue rising 1.4% to $330.2 million. Restaurant level operating profit increased 8.8% to $41.3 million, with margins improving by 80 basis points to 12.5%. The stock was unchanged following the results.
"We continued to lay the foundations of a stronger and more consistent BJ’s by further embedding our Pizookie Meal Deal value platform, leveraging the social power of seasonal Pizookies and continuing our journey to improve ’table stakes’ operations," said Lyle Tick, Chief Executive Officer and President. "These efforts have resulted in sustained improvement in both guest satisfaction scores and team member retention."
The company maintained its full-year 2025 guidance, projecting comparable restaurant sales growth of approximately 2%, restaurant level operating profit of $211-$219 million, and adjusted EBITDA of $132-$140 million.
During the quarter, BJ’s repurchased and retired approximately 996,000 shares at a cost of $33.2 million. In October, the Board approved an additional $75 million increase to the share repurchase program.
Tick noted that recent performance has been encouraging, with traffic up approximately 3.5% in the trailing six weeks, outperforming casual dining benchmarks. "This momentum, combined with a strong product line up through the end of year anchored in our pizza refresh and two seasonal Pizookies, gives us confidence in re-iterating our approximately 2% comparable restaurant sales and prior earnings guidance on the year," he concluded.
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