BJ's Restaurants Opens Two New Restaurants in Chula Vista and Newark, California
November 11 2008 - 11:30AM
Business Wire
BJ's Restaurants, Inc. (NASDAQ: BJRI) today announced the opening
of its two newest restaurants in Chula Vista, California (in the
San Diego market), and Newark, California (in the East Bay area
just south of Oakland), on Monday, November 10, 2008. The new BJ�s
in Chula Vista is located in the Chula Vista Center, a 900,000
square foot shopping mall anchored by Macy�s, Sears and JC Penney
that is seven miles south of downtown San Diego and seven miles
north of the international border to Mexico. The new restaurant is
approximately 9,000 square feet and contains seating for
approximately 280 guests. The new BJ�s in Newark is located at 5699
Mowry Avenue on the northwest corner of I-880 and Mowry Avenue,
directly across from the NewPark Regional Mall. The new restaurant
is approximately 8,500 square feet and contains seating for
approximately 270 guests. Both new restaurants include BJ's
signature deep-dish pizza, award winning handcrafted beer and our
famous Pizookie� dessert. Additionally, each restaurant features
BJ�s highly detailed, contemporary d�cor and unique video
statement, including several high definition flat panel
televisions, creating 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 excited to open two new
BJ�s restaurants on the same day in our �home court� of California,
where we enjoy strong brand awareness and overall sales volumes,�
commented Jerry Deitchle, Chairman and CEO. �Both new restaurants
are located in mature, densely populated trade areas with proven
levels of retail sales. Sales for our first day of operations in
both restaurants were very strong. The opening of these two new
restaurants represent our 14th and 15th new restaurants for the
year, thereby achieving our stated goal to open as many as 15 new
restaurants during fiscal 2008. As we noted in our press release on
October 23, 2008, we currently anticipate that our growth in total
restaurant operating weeks during fiscal 2009 will be in the
approximate range of 15% to 18%. We anticipate completing our
annual business planning cycle for 2009 during the next month or
so, at which time we will announce the expected number and timing
of new restaurant openings for the upcoming year and refine our
expected operating week growth target if necessary. The entire BJ's
team is very excited to open additional BJ's restaurants next year
and further increase our market share in the casual dining
segment.� BJ's Restaurants, Inc. currently owns and operates 82
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 (44), Texas (13), Arizona (5), Colorado (3), Oregon (2),
Nevada (2), Florida (4), Ohio (2), Oklahoma (2), Kentucky (1),
Indiana (1), Louisiana (1) and Washington (2). 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 44 of our
current 82 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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