BJ’s Restaurants Inc. (Nasdaq: BJRI) beat expectations on revenue and net income in its most recent quarter and its shares were up more than 10% in Friday trading.
The Huntington Beach-based casual dining restaurant chain’s earnings per share of 37 cents topped analyst expectations by more than 15%; revenue of $261 million topped expectations by less than 1%.
BJ’s (Nasdaq: BJRI) traded recently at a market cap of $910 million.
Same-store sales grew 1.6% in the quarter.
2017 numbers were also up compared with 2016. Annual revenue grew about 4%, excluding benefit from 2016’s extra week; adjusting for that pushed revenue about 6% higher.
BJ’s results also benefitted from a $15.7 million benefit it received as a result of U.S. tax reform.
The company owns 197 restaurants in 26 states.