J. Alexanders Corp. (JAX) Misses Q4 EPS by 3c

J. Alexanders Corp. (NYSE: JAX) reported Q4 EPS of $0.15, $0.03 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $59.3 million, versus $53.3 million reported last year.

For the J. Alexander’s/Redlands Grill restaurants, average weekly same store sales per restaurant were up 1.4% to $111,600, and for the Stoney River Steakhouse and Grill restaurants, average weekly same store sales increased by 6.2% to $77,300. Excluding the impact of the extra week included in the fourth quarter of 2015, average weekly same store sales per restaurant for the J. Alexander’s/Redlands Grill restaurants were $109,900, representing a 0.2% decrease compared to the average of $110,100 in the 13 weeks represented by the fourth quarter of 2014, and average weekly same store sales per restaurant for the Stoney River Steakhouse and Grill restaurants were $76,200, representing a 4.7% increase compared to the average of $72,800 during the 13 weeks included in the corresponding period of 2014.

GUIDANCE:

J. Alexanders Corp. sees FY2016 EPS of $0.38-$0.43, versus the consensus of $0.57.

Based upon current information, the guidance for the 52-week 2016 fiscal year is as follows:

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

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