BJ's Restaurants Q2 revenue beats estimates

Overview

• US casual dining chain's fiscal Q2 revenue rose 6.4%, beating analyst expectations

• Adjusted EPS for fiscal Q2 beat analyst expectations

• Company raised 2026 guidance and repurchased $2.4 mln in shares during Q2

Outlook

• BJ's Restaurants raises 2026 comparable sales growth outlook to 3.0%-4.0% from 1.0%-3.0%

• Company lifts 2026 restaurant-level operating profit forecast to $228 mln-$235 mln

• BJ's Restaurants now sees 2026 adjusted EBITDA at $145 mln-$152 mln, up from $140 mln-$150 mln

Result Drivers

• GUEST TRAFFIC - Co said comparable restaurant sales growth was driven by an 8.3% increase in guest traffic, outpacing casual dining benchmarks

• STRATEGIC INITIATIVES - Management attributed profit growth to continued execution of four strategic pillars and operational improvements

• HIGHER GENERAL ADMINISTRATIVE COSTS - Incremental GA costs were related to deferred compensation, legal, and leadership transition expenses, per CFO

Company press release: ID:nGNX9nN6hf

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "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 $64.00, about 8.8% below its July 29 closing price of $70.15

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads

• July 28 - Cheesecake Factory Q2 results beat estimates as marketing efforts strengthen consumer engagement

• July 29 - Chipotle raises forecast despite hit from cyclospora parasite scare

• July 29 - Chefs' Warehouse Q2 sales rise 13%, beat estimates

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(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.)