BJ's Restaurants Opens in Torrance, California
June 24 2008 - 6:25PM
Business Wire
BJ's Restaurants, Inc. (NASDAQ: BJRI) today announced the opening
of its 73rd restaurant in Torrance, California, on June 23, 2008.
The new BJ's Restaurant & Brewhouse is located in the lifestyle
retail and restaurant wing of the Del Amo Fashion Center at 3525 W.
Carson Street. The restaurant is approximately 7,800 square feet,
contains seating for approximately 250 guests and features BJ�s
extensive menu that includes BJ's signature deep-dish pizza,
award-winning handcrafted beer and our famous Pizookie� dessert.
BJ�s highly detailed, contemporary d�cor and unique video
statement, including several high definition flat panel
televisions, creates a high energy, fun and family-friendly dining
environment for everyone to enjoy. Hours of operation are 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 very excited to open BJ�s
first restaurant in the South Bay trade area of the Los Angeles
market,� commented Jerry Deitchle, Chairman and CEO. �Sales for our
opening day in Torrance were exceptionally strong. Our new Torrance
restaurant is a solid example of the successful execution of BJ�s
current expansion strategy that is primarily focused on opening new
restaurants in mature, densely populated trade areas with favorable
demographics and that also have steady, proven levels of retail
sales in general. Our Torrance restaurant represents our sixth
opening to date during 2008. We currently remain on track to open
as many as nine more restaurants during 2008 and thereby achieve
our stated goal to open as many as 15 new restaurants and increase
our total restaurant operating weeks by 20% to 25% this year.�
Deitchle also commented that several BJ�s restaurants achieved
record-setting sales levels during the fiscal week of Father�s Day
that ended on Tuesday, June 17. �Additionally, during that week,
one of our Southern California restaurants became the first BJ�s
restaurant in Company history to exceed $200,000 in weekly sales,�
said Deitchle. �This is an impressive achievement when considering
that our estimated average guest check is in the $12 range. Even
during these challenging times for the consumer, the BJ�s concept
remains as popular and approachable as ever, and we are going to
keep doing our best to make BJ�s an even better dining experience
for our guests.� BJ's Restaurants, Inc. currently owns and operates
73 casual dining restaurants under the BJ's Restaurant &
Brewery, BJ's Restaurant & 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, appetizers, 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 several microbreweries which
produce and distribute BJ's critically acclaimed handcrafted beers
throughout the chain. The Company's restaurants are located in
California (40), Texas (11), Arizona (4), Colorado (3), Oregon (2),
Nevada (2), Florida (4), Ohio (2), Oklahoma (2), Kentucky (1),
Indiana (1) and Louisiana (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.
Such statements include, but are not limited to, those regarding
expected comparable restaurant sales growth in 2008, those
regarding the effect of new sales-building initiatives, as well as
those regarding the number of restaurants expected to be opened in
2008 and the timing and location of such openings. 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 40 of our
current 73 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 spending trends in
general for casual dining occasions, (x) potential uninsured losses
and liabilities, (xi) fluctuating commodity costs, the effect of
any resulting menu price increases on our sales, the availability
of food in general and certain raw materials related to the brewing
of our handcrafted beers 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) the success of our key sales-building and related operational
initiatives and (xxii) 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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