BJ's Restaurants, Inc. (BJRI) Tops Q3 EPS by 10c

BJ's Restaurants, Inc. (NASDAQ: BJRI) reported Q3 EPS of $0.23, $0.10 better than the analyst estimate of $0.13. Revenue for the quarter came in at $206.5 million versus the consensus estimate of $208.3 million.

Comparable restaurant sales increased 0.3%, driven by a 0.7% increase in guest counts, partially offset by a lower average check.

"The 2014 third quarter represented the third consecutive quarter of progress following the implementation of our initiatives aimed at reigniting sales and improving our operating performance," commented Greg Trojan, President and CEO. "Our sales driving initiatives are focused around affordability, food quality and innovation, speed and hospitality. Progress in each of these areas drove positive comparable restaurant sales for the first time in five quarters. Importantly, our positive comparable restaurant sales were driven by a 0.7% increase in guest traffic, which more than offset a lower average check resulting from our sales building initiatives around affordability. Our progress in increasing guest counts is particularly notable as we already have industry leading guest traffic levels in the casual dining sector. Continued success in building comparable restaurant sales should meaningfully improve our future financial performance given the operating leverage in our business model."

For earnings history and earnings-related data on BJ's Restaurants, Inc. (BJRI) click here.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Super Micro Computer (SMCI) Falls 6%
• Netflix (NFLX) raised to Buy at Needham & Company on revenue upside