BJ's Restaurants (BJRI) Q2 2024 10-Q Filing
Ticker: BJRI · Form: 10-Q · Filed: Aug 5, 2024 · CIK: 1013488
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
BJRI Q2 10-Q out: Financials and stock info updated. Check credit facility details.
AI Summary
BJ's Restaurants, Inc. (BJRI) filed its 10-Q for the period ending July 2, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and disclosures related to the company's credit facilities and stock activity are presented.
Why It Matters
This filing provides investors with the latest financial results and operational details for BJ's Restaurants, offering insights into the company's performance and financial health.
Risk Assessment
Risk Level: medium — The filing contains detailed financial information, including debt and stock-related disclosures, which are crucial for assessing the company's financial health and potential risks.
Key Numbers
- Q2 2024 — Reporting Period (Second quarter financial performance)
- 0103 — Fiscal Year End (Indicates the end of the company's fiscal year)
Key Players & Entities
- BJs RESTAURANTS INC (company) — Filer
- BJRI (company) — Ticker Symbol
- 20240702 (date) — Reporting Period End Date
- 20240805 (date) — Filing Date
- 7755 CENTER AVENUE SUITE 300 HUNTINGTON BEACH CA 92647 (address) — Company Business Address
- 0000950170-24-090952 (filing_id) — Accession Number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended July 2, 2024.
What is the company's ticker symbol?
The company's ticker symbol is BJRI.
Where is BJ's Restaurants, Inc. headquartered?
BJ's Restaurants, Inc. is headquartered at 7755 Center Avenue, Suite 300, Huntington Beach, CA 92647.
What is the accession number for this filing?
The accession number for this filing is 0000950170-24-090952.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on August 5, 2024.
Filing Stats: 4,532 words · 18 min read · ~15 pages · Grade level 12.6 · Accepted 2024-08-05 17:14:53
Filing Documents
- bjri-20240702.htm (10-Q) — 1310KB
- bjri-ex31.htm (EX-31) — 33KB
- bjri-ex32.htm (EX-32) — 9KB
- 0000950170-24-090952.txt ( ) — 5020KB
- bjri-20240702.xsd (EX-101.SCH) — 761KB
- bjri-20240702_htm.xml (XML) — 740KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 18 Item 4.
Controls and Procedures
Controls and Procedures 18 Item 5. Other Information 18 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 18 Item 1A.
Risk Factors
Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 6. Exhibits 20
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
CONSOLIDATED FINANCIAL STATEMENTS
Item 1. CONSOLIDATED FINANCIAL STATEMENTS BJ'S RESTAURANTS, INC. CONSOLIDATED B ALANCE SHEETS (In thousands) July 2, 2024 January 2, 2024 (unaudited) Assets Current assets: Cash and cash equivalents $ 16,185 $ 29,070 Accounts and other receivables, net 15,616 19,469 Inventories, net 13,380 13,245 Prepaid expenses and other current assets 14,869 21,237 Total current assets 60,050 83,021 Property and equipment, net 529,190 525,190 Operating lease assets 347,456 350,091 Goodwill 4,673 4,673 Equity method investment 4,477 4,770 Deferred income taxes, net 54,978 50,147 Other assets, net 43,312 40,562 Total assets $ 1,044,136 $ 1,058,454 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 50,617 $ 60,641 Accrued expenses 88,858 101,295 Current operating lease obligations 32,279 37,389 Total current liabilities 171,754 199,325 Long-term operating lease obligations 409,015 414,114 Long-term debt 63,500 68,000 Other liabilities 13,378 11,254 Total liabilities 657,647 692,693 Commitments and contingencies Shareholders' equity: Preferred stock, 5,000 shares authorized, none issued or outstanding — — Common stock, no par value, 125,000 shares authorized and 23,138 and 23,184 shares issued and outstanding as of July 2, 2024 and January 2, 2024, respectively — — Capital surplus 72,037 77,036 Retained earnings 314,452 288,725 Total shareholders' equity 386,489 365,761 Total liabilities and shareholders' equity $ 1,044,136 $ 1,058,454 See accompanying notes to unaudited consolidated financial statements. 1 BJ'S RESTAURANTS, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) For the Thirteen Weeks Ended For the Twenty-Six Weeks Ended July 2, 2024 July 4, 2023 July 2, 2024 July 4, 2023 Revenues $ 349