Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

Oct. 22, 2021, 8:47 a.m. EDT

BJ's Restaurants has cut items from its menu and limited dining room capacity due to staffing shortages

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    BJ's Restaurants Inc. (BJRI)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

BJ's Restaurants Inc. /zigman2/quotes/205505197/composite BJRI -1.57% Chief Executive Greg Levin said in a third-quarter earnings statement that staffing shortages have driven the company to shorten its menu, cut dining room capacity and cut hours in certain locations. "As a result, we finished the third quarter with comparable restaurant sales down 0.5%, compared to the same period in 2019," he said. "Looking forward, as our staffing levels improve, we expect sales to benefit as we seat more tables, expand back to pre-pandemic hours, and return all of our restaurants to full menus by early November." BJ's reported a net loss of $2.2 million, or 9 cents per share, after a loss of $6.6 million, or 30 cents per share, last year. Revenue of $282.2 million was up from $198.9 million last year. The FactSet consensus was for earnings of 8 cents per share and revenue of $292.3 million. Comparable restaurant sales grew 41.8%, below the 44.2% FactSet consensus. Comparable sales were down 0.5% compared with the the same period in 2019. BJ's plans to open eight restaurants in 2022. BJ's stock slipped 0.5% in Friday premarket trading, and is down 8.7% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% has gained 21.1% for the period.

/zigman2/quotes/205505197/composite
US : U.S.: Nasdaq
$ 29.39
-0.47 -1.57%
Volume: 763,517
Dec. 1, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$695.85 million
Rev. per Employee
$45,262
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.