BJ's Restaurants Opens 100th Restaurant in Sparks, Nevada
September 21 2010 - 12:49PM
BJ's Restaurants, Inc. (Nasdaq:BJRI) today announced the opening of
its 100th restaurant in Sparks, Nevada, on September 20, 2010. The
new BJ's Restaurant & Brewhouse is located at 425 Sparks
Boulevard at the intersection of Sparks Boulevard and I-80. The
restaurant opened as the newest addition to the Legends at Sparks
Marina that will include more than one million square feet of
retail, entertainment and dining destinations. The restaurant is
approximately 8,000 square feet, contains seating for approximately
280 guests, and features BJ's extensive menu including BJ's
signature deep-dish pizza, award-winning handcrafted beer and
famous Pizookie® dessert. BJ's highly detailed, contemporary
décor and unique video statement, including BJ's 103" plasma
display as well as 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.
"Our entire Company is proud to
celebrate the opening of our 100th BJ's restaurant in Sparks,
Nevada," commented Jerry Deitchle, Chairman and CEO. "The new
restaurant is our fourth restaurant in the state of Nevada, where
the BJ's concept has consistently achieved strong sales
volumes."
"While our 100th restaurant opening is a significant milestone
for BJ's, we believe the bulk of our expansion remains well ahead
of us," continued Deitchle. "We estimate that our current
share of the casual dining segment's annual sales is still less
than one percent. Accordingly, we remain confident that BJ's
has many years of potential market share gains going
forward. We currently have two more restaurants under
construction for planned openings before Thanksgiving (in Puente
Hills, California and Houston, Texas). As a result, we will
achieve our stated goal to increase our total restaurant operating
weeks by approximately 13% for 2010." Investors are reminded
that the actual number and timing of new restaurant openings for
any given period is subject to a number of factors outside of the
Company's control, including weather conditions and factors under
the control of landlords, contractors and regulatory/licensing
authorities.
BJ's Restaurants, Inc. currently owns and operates 100 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,
entrées 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
(50), Texas (19), Arizona (6), Colorado (4), Oregon (2), Nevada
(4), Florida (6), Ohio (2), Oklahoma (2), Kentucky (1), Indiana
(1), Louisiana (1) and Washington (2). 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
future periods, those regarding the effect of new sales-building
initiatives, future guest traffic, as well as those regarding the
number of restaurants expected to be opened in future periods 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) the effect of
credit and equity market disruptions on our ability to finance our
continued expansion on acceptable terms, (ii) our ability to manage
an increasing number of new restaurant openings, (iii) construction
delays, (iv) labor shortages, (v) minimum wage increases, (vi) food
quality and health concerns, (vii) factors that impact California,
where 50 of our current 100 restaurants are located, (viii)
restaurant and brewery industry competition, (ix) impact of certain
brewery business considerations, including without limitation,
dependence upon suppliers, third party contractors and related
hazards, (x) consumer spending trends in general for casual dining
occasions, (xi) potential uninsured losses and liabilities, (xii)
fluctuating commodity costs and availability of food in general and
certain raw materials related to the brewing of our handcrafted
beers and energy, (xiii) trademark and service-mark risks, (xiv)
government regulations, (xv) licensing costs, (xvi) beer and liquor
regulations, (xvii) loss of key personnel, (xviii) inability to
secure acceptable sites, (xix) limitations on insurance coverage,
(xx) legal proceedings, (xxi) other general economic and regulatory
conditions and requirements, (xxii) the success of our key
sales-building and related operational initiatives and (xxiii)
numerous other matters discussed in the Company's filings with the
Securities and Exchange Commission, including its recent reports on
Forms 10-K, 10-Q and 8-K. The "forward-looking" statements
contained in this press release are based on current assumptions
and expectations and 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.
CONTACT: BJ's Restaurants, Inc.
Greg Levin
(714) 500-2400
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