- Comparable-restaurant sales declined 0.2% for BJ's Restaurants (NASDAQ:BJRI) in Q2.
- Total revenue was up 7.9% to $250.3M with more restaurants added since the year-ago period. The company expects to open five new restaurants in Q3 and 7 new restaurants in Q4.
- Restaurant-level operating margin fell 30 bps to 20.6%.
- Expenses as a percentage of sales: Cost of sales +40 bps to 25.0%, Labor and benefits +30 bps to 34.3%, Occupancy -50 bps to 20.0%.
- Previously: BJ's Restaurants misses by $0.01, misses on revenue (July 26)
- BJRI -2.65% AH to $41.50.