BJ's Restaurants Q1 2024 GAAP EPS $0.32 Beats $0.20 Estimate, Sales $337.334M Beat $335.426M Estimate
Portfolio Pulse from Benzinga Newsdesk
BJ's Restaurants (NASDAQ:BJRI) reported Q1 2024 earnings of $0.32 per share, surpassing the $0.20 estimate, marking a 113.33% increase from last year. Sales reached $337.334M, slightly above the $335.426M estimate but a 1.16% decrease from the previous year.
May 02, 2024 | 8:04 pm
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BJ's Restaurants reported a significant earnings beat and a slight sales beat for Q1 2024, with earnings per share at $0.32 and sales of $337.334M.
The significant beat on both earnings per share and sales estimates, coupled with a substantial year-over-year earnings growth, suggests a positive short-term impact on BJRI's stock price. The slight decrease in sales compared to the previous year might temper the positive momentum but is unlikely to significantly detract from the positive earnings news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100