Earnings release
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BJ's NEWS RELEASE BJ's Restaurants , Inc. Reports Fiscal 2021 First Quarter Results 4/22/2021 HUNTINGTON BEACH , Calif . , April 22 , 2021 ( GLOBE NEWSWIRE ) -- BJ's Restaurants , Inc. ( NASDAQ : BJRI ) today reported financial results for its 2021 first quarter that ended Tuesday , March 30 , 2021 . First Quarter 2021 Compared to First Quarter 2020 • Total revenues decreased 12.3 % to $ 223.3 million • Total restaurant operating weeks increased 0.3 % • Comparable restaurant sales declined 13.0 % • Net loss of $ 3.1 million compared to net loss of $ 4.3 million • First quarter 2020 net loss includes a $ 2.3 million pretax impairment charge for one restaurant . Diluted net loss per share of $ 0.14 compared to diluted net loss per share of $ 0.22 • First quarter 2020 net loss per share includes a $ 0.09 impairment charge for one restaurant . • Adjusted EBITDA of $ 12.7 million , compared to $ 15.1 million “ The continued efforts of our resilient team members and our entrepreneurial approach to responding to the many challenges presented by the pandemic , combined with the energy and broad appeal of the BJ's concept , drove solid first quarter results that exceeded expectations , " commented Greg Trojan , Chief Executive Officer . " With many states easing restrictions on dining room capacity during the quarter , including California where we operate 62 of our 210 restaurants , guests have returned to dine , socialize and enjoy our differentiated environment and delicious menu and beverage offerings . With all of our dining rooms re - opened , though still subject to local social distancing and capacity restrictions , our weekly sales averages improved from $ 66,400 in January 2021 to $ 97,300 in March 2021 , marking our highest weekly sales average since the start of the pandemic . We finished March with an approximately 17 % comparable restaurant sales decline compared to March 2019 , which we believe is a better representation for measuring comparable restaurant sales in 2021 given the pandemic's significant impact on 2020 sales . Our sales momentum has continued in the first three weeks of April with weekly sales averaging