This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
HUNTINGTON BEACH, Calif., Jan. 10, 2013 (GLOBE NEWSWIRE) -- BJ's Restaurants, Inc. (Nasdaq:BJRI) today announced that Company management will be presenting at the 15
th Annual ICR XChange Conference at the Fontainebleau Hotel in Miami, Florida. The Company's presentation is scheduled to begin at approximately 11:55am (Eastern) on Wednesday, January 16, 2013, and will be broadcast live over the Internet. Interested parties may listen to the presentation at the Company's website located at
http://www.bjsrestaurants.com . The presentation can be accessed by clicking on the "Investors" link from the Company's home page followed by the "Presentation" link. An archive of the webcast will be available following the live presentation.
The Company also reported preliminary, unaudited revenues of approximately $184.8 million for the 13-week fourth quarter of fiscal 2012 that ended on Tuesday, January 1, 2013, compared to $171.8 million for last year's 14-week fourth quarter. The additional week in the fourth quarter of fiscal 2011 contributed approximately $13.9 million of incremental sales. Comparable restaurant sales increased approximately 3.0% during the fourth quarter of fiscal 2012, successfully hurdling a 5.1% increase for the same quarter last year (13 weeks versus 13 weeks). As in prior years, final financial results for the fourth quarter and full fiscal year of 2012 are currently expected to be released in mid-February 2013 after the completion of the Company's annual independent audit.
"We continue to be pleased with the top-line results from both our comparable restaurants and our newer restaurants, particularly in light of the continuing volatile and choppy environment for retail and restaurant sales in general," said Jerry Deitchle, BJ's Chairman and CEO. "Our sales comparisons were quite choppy during the quarter, especially during the first three weeks of the holiday season. As expected, the uneven and less-predictable sales volumes made it more challenging for our restaurant operators to optimize their bottom-line results. Having said that, there is little to no opportunity to optimize performance without the sales, and at BJ's we continue to be sales builders first and foremost. Our 3.0% comparable sales increase for the fourth quarter just ended represents our 12
th consecutive quarter of positive comparisons on that metric."
As previously announced, Gregory A. (Greg) Trojan was appointed President and a Director of the Company effective December 3, 2013, and will succeed Deitchle as CEO effective February 1, 2013. Deitchle will continue as Chairman of the Company's Board of Directors. "Greg has been enthusiastically welcomed by the entire BJ's team, and his on-boarding process has been very smooth and productive. We have solid confidence in Greg's ability to continue leading BJ's expansion as a national restaurant company and consumer brand," commented Deitchle. Trojan, Deitchle and Greg Levin, BJ's Executive Vice President and CFO, will represent the Company at the upcoming ICR XChange Conference.