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BJ’s Restaurants – Continued top-line sales momentum

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BJ’s Restaurants, Inc. (Nasdaq:BJRI) today announced that Company management will be presenting at the 14th Annual ICR Xchange Conference at the Fontainebleau Hotel in Miami, Florida. The Company’s presentation is scheduled to begin at approximately 9:50am (Eastern) on Thursday, January 12, 2012, and will be broadcast live over the Internet. Interested parties may listen to the presentation at the Company’s website located at http://www.bjsrestaurants.com. The presentation can be accessed by clicking on the “Investors” link from the Company’s home page followed by the “Presentation” link. An archive of the webcast will be available following the live presentation for 90 days.

The Company also reported preliminary, unaudited revenues of $171.8 million for the 14-week fourth quarter of fiscal 2011 that ended on Tuesday, January 3, 2012, representing an increase of approximately 29% when compared to the 13-week fourth quarter of fiscal 2010 that ended on Tuesday, December 28, 2010. Excluding the additional 14th week of sales from the fourth quarter of fiscal 2011, the Company’s preliminary, unaudited revenues increased approximately 19% to $157.9 million compared to the same quarter last year. On a 13-week comparison ending Tuesday, December 27, 2011, comparable restaurant sales increased approximately 5.1%, successfully hurdling a 5.9% increase for the same quarter last year.

For the full 53-week fiscal year of 2011, total unaudited revenues increased approximately 21% to $620.9 million compared to $513.9 million for the 52-week fiscal year of 2010. Excluding the additional 53rd week of sales from fiscal 2011, the Company’s revenues increased approximately 18% to $607.0 million compared to fiscal 2010. On a 52-week comparison ending Tuesday, December 27, 2011, comparable restaurant sales increased approximately 6.6%, exceeding a 5.6% increase for fiscal 2010. As in prior years, final financial results for the fourth quarter and full fiscal year of 2011 are currently expected to be released in mid-February 2012 after the completion of the Company’s annual independent audit.


“Our leadership team was very pleased with our continued top-line sales momentum for both the fourth quarter and full fiscal year of 2011,” said Jerry Deitchle, Chairman and CEO. “We achieved solid increases in comparable restaurant sales for both the fourth quarter and full year, thereby surpassing the impressive increases that we also attained in the same periods of 2010. We believe that BJ’s is one of only a few public casual dining restaurant companies that has achieved a cumulative two-year comparable restaurant sales increase of over 12%, in spite of the continuing challenging economic environment for consumer discretionary spending on casual dining restaurant occasions in general. While we are pleased with our top line sales performance, we still believe that we have opportunities to further increase our overall sales productivity and to further strengthen the quality, differentiation and value of the BJ’s restaurant concept as we move forward during 2012.”

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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