BJ’s Restaurants Scaling Back Growth to ‘Improve Future Returns’
BJ’s Restaurants, Inc. reported financial results for its fiscal 2016 third quarter ended September 27.
Third Quarter 2016 Highlights Compared to Third Quarter 2015
Total revenues grew 1.9 percent to $233.7 million.
Total restaurant operating weeks increased approximately 7 percent.
Comparable restaurant sales declined 3.4 percent.
“Industry-wide third quarter comparable restaurant sales were soft as businesses dependent on consumer discretionary spending were challenged by a variety of macro factors including the timing of the Summer Olympics as well as the current economic uncertainty arising from the political elections,” says Greg Trojan, president and chief executive officer. “During the quarter, BJ’s