Earnings release
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BJS NEWS RELEASE BJ's Restaurants , Inc. Reports Fiscal 2021 Third Quarter Results 10/21/2021 HUNTINGTON BEACH , Calif . , Oct. 21 , 2021 ( GLOBE NEWSWIRE ) BJ's Restaurants , Inc. ( NASDAQ : BJRI ) today reported financial results for its fiscal 2021 third quarter that ended Tuesday , September 28 , 2021 . Third Quarter 2021 Highlights Compared to Third Quarter 2020 -- • Total revenues increased 41.9 % to $ 282.2 million • Total restaurant operating weeks increased 1.7 % Comparable restaurant sales improved 41.8 % • Net loss of $ 2.2 million compared to $ 6.6 million and diluted net loss per share of $ 0.09 compared to $ 0.30 • Third quarter 2021 includes a $ 3.1 million pretax , or $ 0.10 per share , benefit related to the Employee Retention Tax Credit in conjunction with the CARES Act and a $ 2.2 million pretax , or $ 0.07 per share , impairment charge for one restaurant . • Third quarter 2020 includes a $ 1.9 million pretax , or $ 0.07 per share , gain related to a sale - leaseback transaction and a $ 2.3 million pretax , or $ 0.07 per share , gain related to a settlement with credit card providers pertaining to interchange fees and a settlement related to the repair of handheld tablets . Adjusted EBITDA of $ 16.4 million , compared to $ 6.6 million " I am proud of the resilience of our restaurant teams during this continued challenging operating environment , as their unwavering commitment to our Gold Standard of Operational Excellence continues to create memorable experiences for our guests during every visit , " commented Greg Levin , Chief Executive Officer and President . " We entered the quarter encouraged by positive July comparable restaurant sales across our portfolio , compared to the same period in 2019. However , we experienced the same pullback of sales as the entire industry from the spread of the COVID - 19 Delta variant that began in August . The COVID resurgence also exacerbated staffing related challenges during the quarter and resulted in reduced dining room capacities and limited menus and hours in certain locations . As a result , we finished the third quarter with comparable restaurant sales down 0.5 % , compared to the same period in 2019. Additionally , pandemic induced supply chain shortages caused rapid commodity food ●