BJ's Restaurants Q3 revenue rises 8.6%, beats estimates

By Reuters News


Overview

  • US casual dining chain's fiscal Q3 revenue rose 8.6%, beating analyst expectations

  • Adjusted EPS for fiscal Q3 beat analyst expectations

  • Company repurchased $1 mln in shares during the quarter


Outlook

  • Company raises 2026 comparable restaurant sales growth outlook to about 4.7%

  • BJ's Restaurants now sees 2026 restaurant level operating profit at $233 mln to $237 mln

  • Company expects 2026 adjusted EBITDA of $149 mln to $154 mln


Result Drivers

  • SALES AND TRAFFIC GROWTH - Co said Q3 marked its ninth consecutive quarter of both sales and traffic growth, with comparable restaurant sales and traffic up about 8%

  • OPERATING PROFIT MARGIN IMPROVEMENT - Co reported restaurant level operating profit margin rose by 220 basis points year over year

  • MENU INNOVATION AND GUEST EXPERIENCE - Co said it continues to invest in menu innovation and enhancing guest experience to drive results, per CEO Lyle Tick


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$358.63 mln

$346.68 mln (9 Analysts)

Q3 Adjusted EPS

Beat

$0.33

$0.16 (9 Analysts)

Q3 Comparable Sales Growth

8.10%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy"

  • Wall Street's median 12-month price target for BJ's Restaurants Inc is $76.00, about 23.1% above its November 4 closing price of $61.75

  • The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago


Reuters Recommended Reads

  • Nov 4 - Applebee's owner Dine Brands beats Q3 sales estimates on value, menu innovation

  • Nov 5 - Wendys Q3 adjusted revenue misses estimates, hurt by weaker US demand

  • Nov 5 - Papa John's Q3 revenue falls 10.5%, misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.