BJ's Restaurants Files Q3 2024 10-Q

TL;DR

BJRI Q3 10-Q is in: check financials, debt, and stock info.

AI Summary

BJ's Restaurants, Inc. filed its 10-Q for the period ending October 1, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial data and disclosures related to debt, equity, and stock-based compensation are presented.

Why It Matters

This filing provides investors with the latest financial results and operational details for BJ's Restaurants, influencing investment decisions and market sentiment.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including debt instruments and stock-based compensation, which can be complex and carry inherent risks for investors.

Key Players & Entities

• BJs RESTAURANTS INC (company) — Filer
• 0000950170-24-120803 (filing_id) — Accession Number
• 20241001 (date) — Period of Report
• 20241104 (date) — Filed as of Date
• 0001013488 (cik) — Central Index Key
• 5812 (sic_code) — Standard Industrial Classification
• CA (state) — State of Incorporation
• 0103 (fiscal_year_end) — Fiscal Year End
• 000-21423 (sec_file_number) — SEC File Number
• 241424314 (film_number) — Film Number

FAQ

Filing Documents

• bjri-20241001.htm (10-Q) — 1348KB
• bjri-ex10_3.htm (EX-10.3) — 1499KB
• bjri-ex31.htm (EX-31) — 34KB
• bjri-ex32.htm (EX-32) — 9KB
• img160512583_0.jpg (GRAPHIC) — 8KB
• 0000950170-24-120803.txt ( ) — 6912KB
• bjri-20241001.xsd (EX-101.SCH) — 764KB
• bjri-20241001_htm.xml (XML) — 753KB

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 19 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) October 1, 2024 January 2, 2024 (unaudited) Assets Current assets: Cash and cash equivalents $ 18,422 $ 29,070 Accounts and other receivables, net 17,503 19,469 Inventories, net 12,938 13,245 Prepaid expenses and other current assets 15,605 21,237 Total current assets 64,468 83,021 Property and equipment, net 528,125 525,190 Operating lease assets 341,332 350,091 Goodwill 4,673 4,673 Equity method investment 4,389 4,770 Deferred income taxes, net 55,105 50,147 Other assets, net 43,692 40,562 Total assets $ 1,041,784 $ 1,058,454 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 47,658 $ 60,641 Accrued expenses 102,626 101,295 Current operating lease obligations 32,856 37,389 Total current liabilities 183,140 199,325 Long-term operating lease obligations 401,696 414,114 Long-term debt 66,500 68,000 Other liabilities 14,273 11,254 Total liabilities 665,609 692,693 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 22,896 and 23,184 shares issued and outstanding as of October 1, 2024 and January 2, 2024, respectively — — Capital surplus 71,652 77,036 Retained earnings 304,523 288,725 Total shareholders' equity 376,175 365,761 Total liabilities and shareholders' equity $ 1,041,784 $ 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 Thirty-Nine Weeks Ended October 1, 2024 October 3, 2023 October 1, 2024 October 3, 2023

View Full Filing

View this 10-Q filing on SEC EDGAR