BJ’s Restaurants Q1 Revenue Climbs 2.9% to $358M, EBITDA Up 6.8%
BJ’s Restaurants reported first-quarter revenue of $358.1 million, up 2.9%, with comparable restaurant sales rising 2.4% and guest traffic climbing 2.2%. Restaurant-level operating profit increased 2.8% to $57.2 million (16.0% margin) and adjusted EBITDA rose 6.8% to $37.7 million, while repurchases retired 151,000 common shares for $5.3 million.
1. Q1 Financial Results
BJ’s Restaurants delivered first-quarter revenue of $358.1 million, marking a 2.9% increase over the prior year, driven by a 2.4% rise in comparable restaurant sales and a 2.2% uptick in guest traffic. Restaurant-level operating profit grew 2.8% to $57.2 million (16.0% margin), while diluted EPS reached $0.41 and adjusted EPS was $0.57.
2. Share Repurchase Activity
The company repurchased and retired approximately 151,000 shares for $5.3 million, leaving about $85.6 million available under its authorized buyback program as of May 5, 2026.
3. 2026 Financial Outlook
Management reiterated full-year fiscal 2026 targets, forecasting 1%–3% comparable sales growth, $221 million to $233 million in restaurant-level operating profit, $140 million to $150 million in adjusted EBITDA, $85 million to $95 million in capital expenditures, and up to $50 million in share repurchases.