BJ's Restaurants, Inc. Opens in Temecula, California and Comments on Current Business Trends
September 06 2006 - 5:51PM
Business Wire
BJ's Restaurants, Inc. (NASDAQ:BJRI) today announced the opening of
its 51st restaurant in Temecula, California on September 5, 2006.
The approximate 8,500 square foot BJ's Restaurant and Brewhouse is
located in the Overland Center at 26500 Ynez Road. The new
restaurant has seating for 270 guests with hours of operation from
11:00 a.m. to 12:00 midnight Sunday through Thursday, and 11:00
a.m. to 1:00 a.m. Friday and Saturday. "We are excited to bring the
BJ's restaurant concept to Temecula, which is in our core Southern
California market," commented Jerry Deitchle, President and CEO.
"First-day sales at Temecula set a new all time sales record for
our Company. The Temecula restaurant represents our seventh new
restaurant opening during 2006 and, with four restaurants currently
under construction, we remain on track to achieve our stated goal
to open as many as 11 new restaurants this year." "Our comparable
restaurant sales for the current quarter remain solidly positive to
date, in spite of the continuing challenging operating environment
for most casual dining restaurant operations," said Deitchle.
"Additionally, sales volumes for our 2006 openings continue to meet
or exceed our expectations. We believe our continuing favorable
sales trends are indicative of the attractive value that consumers
recognize in the BJ's dining experience, coupled with steadily
improving operational execution as a result of many of the key
initiatives that we've implemented this year." The Company
continues to target 2007 capacity growth of 20% to 25%, measured in
terms of total restaurant operating weeks. "We currently have
signed leases or letters of intent on hand to open as many as 13
new restaurants during 2007, and we expect to begin construction of
four of those restaurants during the next 30 days," said Deitchle.
"Additionally, we are well underway with identifying several
specific locations for potential 2008 openings." BJ's Restaurants,
Inc. currently owns and operates 51 casual dining restaurants under
the BJ's Restaurant and Brewery, BJ's Restaurant and Brewhouse or
BJ's Pizza & Grill brand names. BJ's restaurants offer an
innovative and broad menu featuring award-winning, signature
deep-dish pizza complemented with generously portioned salads,
sandwiches, soups, pastas, entrees and desserts. Quality, flavor,
value, moderate prices and sincere service remain distinct
attributes of the BJ's experience. The Company operates eleven
microbreweries which produce and distribute BJ's critically
acclaimed handcrafted beers throughout the chain. The Company's
restaurants are located in California (34), Texas (7), Arizona (4),
Oregon (3), Colorado (2) and Nevada (1). The Company also has a
licensing interest in a BJ's restaurant in Lahaina, Maui. Visit
BJ's Restaurants, Inc. on the web at http://www.bjsrestaurants.com.
Certain statements in the preceding paragraphs and all other
statements that are not purely historical constitute
"forward-looking statements" for purposes of the Securities Act of
1933 and the Securities and Exchange Act of 1934, as amended, and
are intended to be covered by the safe harbors created thereby.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results to
be materially different from those projected or anticipated.
Factors that might cause such differences include, but are not
limited to: (i) our ability to manage an increasing number of new
restaurant openings, (ii) construction delays, (iii) labor
shortages, (iv) minimum wage increases (v) food quality and health
concerns, (vi) factors that impact California, where 34 of our
current 51 restaurants are located, (vii) restaurant and brewery
industry competition, (viii) impact of certain brewery business
considerations, including without limitation, dependence upon
suppliers and related hazards, (ix) consumer trends, (x) potential
uninsured losses and liabilities, (xi) fluctuating commodity costs
including food and energy, (xii) trademark and servicemark risks,
(xiii) government regulations, (xiv) licensing costs (xv) beer and
liquor regulations, (xvi) loss of key personnel, (xvii) inability
to secure acceptable sites, (xviii) limitations on insurance
coverage, (xix) legal proceedings, (xx) other general economic and
regulatory conditions and requirements, (xxi) and numerous other
matters discussed in the Company's filings with the Securities and
Exchange Commission. BJ's Restaurants, Inc. undertakes no
obligation to update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
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