J. Alexanders Corp. (NYSE: JAX) reported Q4 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $57.32 million versus the consensus estimate of $61 million.

• Net sales amounted to $57,323,000, a decrease of 3.3% from $59,304,000 recorded in the fourth quarter a year ago. On a comparable 13 week basis, net sales in the fourth quarter of 2016 increased by an estimated $1,919,000, or 3.5%, compared to those recorded in the fourth quarter of 2015. Factors which affected sales during the comparable quarters of the two years included the following:
  • The fourth quarter of fiscal 2015 included one extra week compared to the fourth quarter of fiscal 2016. The estimated impact on sales due to the additional week in the final quarter of 2015 was $3,900,000, including $3,200,000 in the J. Alexander’s/Redlands Grill restaurants and $700,000 in the Stoney River Steakhouse and Grill restaurants. The estimated impact on net income from the additional week was $110,000 while the estimated impact on Adjusted EBITDA(1) was $350,000.
  • On December 12, 2016, the Company opened a J. Alexander’s restaurant in Raleigh, NC. The fourth quarter of 2016 reflects results of operations of this restaurant for the three weeks it was open.
  • The fourth quarter of 2016 includes the operations of a Stoney River Steakhouse and Grill opened in Germantown, TN in the first quarter of 2016.

For earnings history and earnings-related data on J. Alexanders Corp. (JAX) click here.