BJ’s Restaurants, Inc (BJRI) has reported 20.42 percent fall in profit for the quarter ended Apr. 04, 2017. The company has earned $9.27 million, or $0.42 a share in the quarter, compared with $11.64 million, or $0.47 a share for the same period last year. Revenue during the quarter grew 5.92 percent to $257.82 million from $243.40 million in the previous year period. Total expenses were 94.98 percent of quarterly revenues, up from 93.27 percent for the same period last year. That has resulted in a contraction of 171 basis points in operating margin to 5.02 percent.
Operating income for the quarter was $12.95 million, compared with $16.39 million in the previous year period.
“A marked improvement in sales and operating trends during the second half of the first quarter resulted in total revenue, comparable restaurant sales, restaurant operating margins, and diluted EPS exceeding expectations,” commented Greg Trojan, President and Chief executive officer. “Our sales momentum in the latter part of the quarter partially offset the impact from extreme California rains and calendar shifts. The ongoing excellent work of our operators, combined with our operating disciplines, industry leading average unit volumes and the operating leverage in our business model, enabled BJ’s to deliver another quarter of solid earnings.
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