By Chris Wack
Shares of BJ's Restaurants gained after the company reported fourth-quarter adjusted earnings and revenue that beat analysts' expectations.
The restaurant chain's stock was 7.8% higher, at $38.52, Friday afternoon and has been up about 9.1% since the beginning of the year.
BJ's Restaurants said Thursday its quarterly adjusted earnings came in at 47 cents a share, while analysts polled by FactSet were looking for adjusted earnings of 34 cents a share.
Revenue for the quarter was $344.3 million, ahead of the $323.6 million in the same quarter last year and the $337.3 million analysts were expecting.
Comparable restaurant sales were 5.5% higher, with restaurant-level operating profit margin of 15.4%, an increase of 100 basis points, driven primarily by increases in guest traffic, which was positive across all day parts.
For 2025, the Huntington Beach, Calif., company is expecting comparable restaurant sales growth of 2% to 3%, and restaurant-level operating profit of $205 million to $215 million.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 21, 2025 13:13 ET (18:13 GMT)
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