BJ's Restaurants Q2 net income down

Mon. July 28, 2008; Posted: 08:27 AM

Jul 28, 2008 (Datamonitor via COMTEX) -- BJRI | Quote | Chart | News | PowerRating -- BJ's Restaurants has reported net income of $2.9 million, or $0.11 per diluted share, for the second quarter ended July 1, 2008, compared to $3.2 million, or $0.12 per diluted share, for the same period of 2007.

BJ's Restaurants reported revenues of $92.2 million for the second quarter of 2008, a 16% increase, compared to $79.3 million for the same period of 2007. Comparable restaurant sales increased 0.6%, compared to 7.5% for the same period of 2007.

Net income was $60.1 million, or $0.23 per diluted share, for the six months ended July 1, 2008, compared to $4.9 million, or $0.18 per diluted share, for the same period of 2007. For the six-month period, the company reported revenues of $179 million, compared to $150.5 million for the same period of 2007. Comparable restaurant sales increased 0.4%, compared to 7.2% for the same period of 2007.

Jerry Deitchle, chairman and CEO of BJ's Restaurants, said: "Our leadership team was pleased with our solid overall financial results for the second quarter, particularly after considering the conditions in the macroenvironment and a difficult quarterly comparison to overcome."

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For full details on BJ's Restaurants Inc (BJRI) click here. BJ's Restaurants Inc (BJRI) has Short Term PowerRatings of 6. Details on BJ's Restaurants Inc (BJRI) Short Term PowerRatings is available at This Link.

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