BJ's Restaurants (BJRI) Q4 2025 earnings summary

Executive summary

• Achieved sixth consecutive quarter of sales and traffic growth, with Q4 same-store sales up 2.6% and traffic up 4.5%.

• Fiscal Q4 2025 revenues rose 3.2% year-over-year to $355.4 million; full-year revenues up 3.1% to $1.4 billion.

• Restaurant-level operating margins reached 16.1% in Q4, with adjusted EBITDA margins at 10%, both improving year-over-year.

• Adjusted diluted net income per share was $0.66 in Q4 (up 39.2%) and $2.26 for the year (up 46.8%).

• Strategic focus on operational improvements, menu innovation, and marketing effectiveness drove performance.

Financial highlights

• Q4 total revenue was $355.4 million, up 3.2% year-over-year; full-year revenue reached $1.4 billion.

• Comparable restaurant sales increased 2.6% in Q4 and 2.0% for the year, led by 4.5% traffic growth.

• Restaurant-level operating profit in Q4 was $57.2 million (16.1% margin), up 8.2%; full-year profit was $216.2 million (15.5% margin), up 10.6%.

• Adjusted EBITDA for Q4 was $35.6 million, up 7.4% year-over-year; full-year adjusted EBITDA rose 14.5% to $134.1 million.

• Net income in Q4 was $12.6 million; full-year net income was $48.8 million.

Outlook and guidance

• 2026 guidance: comparable restaurant sales growth of 1%-3%.

• Restaurant-level operating profit expected between $221 million-$233 million.

• Adjusted EBITDA projected at $140 million-$150 million.

• Capital expenditures planned at $85 million-$95 million, with up to two new restaurant openings in the second half of 2026.

• Potential share repurchases up to $50 million, depending on market conditions.