News

BJ's Restaurants posts strong results for 4Q and full-year 2005

February 23, 2006

HUNTINGTON BEACH, Calif.—Pizza and craft-brew-centered BJ's Restaurants reported solid financial results for the fourth quarter and fiscal year ended Jan. 3, 2006.

According to a regulatory filing, comparable-store sales for the 14 weeks ended Jan. 3 increased 5.3 percent, which helped revenue rise 30 percent to $49.3 million. Net income increased 80 percent to $2.3 million.

For the full year, comps were up 4.6 percent, revenue rose 38 percent to $178.2 million and net income increased 33 percent to $8.4 million.

"We continue to have solid confidence in our ability to continue executing our growth plan during the upcoming year in a carefully controlled and profitable manner," said Jerry Deitchle, president and chief executive of BJ's. "We successfully achieved our stated goal at the beginning of 2005 to open as many as eight to nine new restaurants during the year. Sales volumes for substantially all of our 2005 openings have continued stronger than we initially expected."