BJ's Restaurants (BJRI) Q1 2024 Earnings Call Transcript
BJRI earnings call for the period ending March 31, 2024.
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BJRI earnings call for the period ending March 31, 2024.
Bad weather in January and continued tough margins were tailwinds for the Calif.-based pub chain
American restaurant chain BJ’s Restaurants (NASDAQ:BJRI) reported results in line with analysts' expectations in Q1 CY2024, with revenue down 1.2% year on year to $337.3 million. It made a GAAP profit of $0.32 per share, improving from its profit of $0.15 per share in the same quarter last year.
Restaurants and stores compete for labor. If McDonald's and Chipotle pay more, that little coffee store on the corner might have to too.
The company experienced a consumer slowdown in Q4, particularly with lower-income consumers coming in less frequently.