BJ's Restaurants Reports Q4 Loss, Beats Analyst Expectations
HUNTINGTON BEACH, Calif. - BJ's Restaurants Inc. (BJRI) reported a fourth-quarter loss of $5.3 million, compared to a profit in the same period last year. On a per-share basis, the Huntington Beach, California-based company reported a loss of 23 cents.
Excluding one-time items, BJ's Restaurants posted earnings of 47 cents per share, surpassing Wall Street expectations. Analysts surveyed by Zacks Investment Research had forecast earnings of 35 cents per share.
Revenue for the quarter reached $344.3 million, also exceeding analysts' estimates of $337.4 million.
For the full year, BJ's Restaurants reported a profit of $16.7 million, or 70 cents per share, on revenue of $1.36 billion.
BJ's Restaurants shares have gained 2% year-to-date. At the close of trading on Thursday, shares were up 3% over the past 12 months, trading at $35.74.