BJ's Restaurants, Inc. (BJRI) has reported an 18.14 percent rise in profit for the quarter ended Jan. 03, 2017. The company has earned $12.89 million, or $0.55 a share in the quarter, compared with $10.91 million, or $0.43 a share for the same period last year.
Revenue during the quarter grew 13.95 percent to $265.62 million from $233.10 million in the previous year period. Total expenses were 93.74 percent of quarterly revenues, up from 93.19 percent for the same period last year. That has resulted in a contraction of 56 basis points in operating margin to 6.26 percent.
Operating income for the quarter was $16.62 million, compared with $15.88 million in the previous year period.
"Despite a challenging industry-wide operating environment, we continued to increase our market share, as we outpaced the industry in terms of traffic and comparable sales for both the fourth quarter and fiscal 2016," commented Greg Trojan, president and chief executive officer. "Our operators did an excellent job managing the many factors that influence our financial results to deliver another period of solid earnings. Notwithstanding the environment, our operating discipline, combined with our ability to consistently generate industry leading average unit volumes and strong new openings, drove solid fourth quarter net income and diluted net income per share."
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
