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BJ's Restaurants BJRI Pre-opening costs

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Other financials

Income statement

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Revenue$358.1M+2.9%
Gross profit$268.2M+2.7%
Operating income$10.6M-28.9%
Net income$9.0M-33.0%
EPS (diluted)$0.41-29.3%

Balance sheet

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Cash & equivalents$22.7M+19.3%
Total debt$462.7M-8.7%
Total equity$372.5M+0.3%
Total assets$999.1M-2.0%

Cash flow

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Operating cash flow$43.0M+830%
CapEx$15.8M-5.3%
Free cash flow$27.2M+325%

Valuation

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Market cap$1.48B+98.9%
Enterprise value$1.92B+60.5%
P/E33.4×
P/S1.1×+0.5×

Profitability

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Gross margin74.7%+0.5pp
Operating margin3%
Net margin3.1%
FCF margin5.7%+4.8pp

Returns & leverage

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Return on equity11.9%
Debt / equity1.2×-0.1×
Current ratio0.3×-0.1×

Where this comes from

Reported directly by BJ's Restaurants in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The source filing: BJ's Restaurants’s 10-Q, filed May 6, 2026.

Filed
May 5, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-206922
Line itemFor the Thirteen Weeks Ended / March 31, 2026For the Thirteen Weeks Ended / April 1, 2025
Occupancy and operating81,16679,911
General and administrative21,96621,752
Depreciation and amortization22,81218,277
Restaurant opening15438
Loss on disposal and impairment of assets, net1,746173
Total costs and expenses347,495333,023
Income from operations10,62314,950
Other income (expense):

Item 1. CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is BJ's Restaurants's pre-opening costs?
BJ's Restaurants (BJRI) reported pre-opening costs of $15K in Q1 2026.
How has BJ's Restaurants's pre-opening costs changed year-over-year?
BJ's Restaurants's pre-opening costs decreased by 96.6% year-over-year, from $438K to $15K.
What is the long-term trend for BJ's Restaurants's pre-opening costs?
Over 4 years (2021 to 2025), BJ's Restaurants's pre-opening costs has grown at a -18.2% compound annual growth rate (CAGR), from $1.48M to $663K.
What does pre-opening costs mean?
These are the non-capitalized expenses incurred during the development and launch phase of new restaurant locations, such as staff training, marketing, and initial inventory stocking. High levels of these costs indicate an aggressive expansion strategy, while lower levels suggest a focus on optimizing existing assets. Investors use this to assess the short-term impact of growth initiatives on current period profitability.

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