BJ's Restaurants Lifts FY2026 Outlook on 6.5% Comparable Sales Jump in Q2
BJRI has more than doubled off its 52-week low of $28.46.
Summary
BJ's Restaurants posted Q2 2026 results with 6.5% comparable sales growth and raised its full-year guidance across multiple metrics, reinforcing strong operational momentum.
Key Events · Earnings and Guidance · BJRI
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Q2 Comp Sales Surge 6.5%
Comparable restaurant sales rose 6.5% year-over-year, driven by an 8.3% traffic increase, marking the eighth consecutive quarter of sales and traffic growth.
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Raised Full-Year Guidance
Management lifted the FY2026 comparable sales growth outlook to 3-4% (from 1-3%), restaurant-level operating profit to $228-235M (from $221-233M), and adjusted EBITDA to $145-152M (from $140-150M).
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Q2 Revenue Hits $388.9M
Total revenues grew 6.4% to $388.9 million, with restaurant-level operating profit margin expanding to 17.2% from 17.0% a year ago.
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Adjusted EPS of $0.94 Beats Expectations
Adjusted diluted net income per share was $0.94, up from $0.97 a year ago on a lower share count, reflecting operational leverage and buybacks.
Analysis · BJRI · Trade & Services
A standout quarter saw comparable sales climb 6.5%—well ahead of casual dining peers—fueled by an 8.3% traffic increase. Management responded by raising full-year guidance for comp sales, restaurant-level profit, and adjusted EBITDA, signaling confidence that the momentum will persist. The stock is trading near its 52-week high, and this report validates that premium. Additionally, the company bought back $2.4M in stock, leaving $85.5M on its repurchase authorization, which could provide a floor for shares.
At the time of this filing, BJRI was trading at $72.37 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $28.46 to $74.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.