BJ's Restaurants Reports Q4 Earnings Highlights

Continued traffic growth, margin expansion, and 2026 outlook despite near-term inflation

Feb. 26, 2026 at 4:08am

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BJ's Restaurants (NASDAQ:BJRI) reported strong fiscal fourth-quarter results, including another period of traffic-led comparable sales growth, continued margin expansion, and an outlook that calls for further gains in 2026 despite elevated commodity inflation in the near term. The company saw momentum from Pizookie offerings, a renovated pizza platform, and social media marketing efforts.

Why it matters

BJ's Restaurants has navigated the challenging pandemic environment well, maintaining traffic growth and profitability through menu innovations, operational efficiencies, and targeted marketing. The company's ability to offset inflationary pressures and continue expanding its footprint demonstrates its resilience in the casual dining industry.

The details

Key Q4 highlights include a 2.6% increase in comparable restaurant sales driven by 4.5% traffic growth, a 16.1% restaurant-level operating margin, and adjusted EPS of $0.66. The company cited success with seasonal Pizookie limited-time offers, a revamped pizza platform, and increased social media marketing. For fiscal 2026, BJ's expects 1-3% comp growth, $221-$233 million in restaurant-level operating profit, and $140-$150 million in adjusted EBITDA, despite anticipated near-term commodity inflation of 3-4%.

  • BJ's Restaurants reported fiscal fourth-quarter results on February 26, 2026.
  • The company expects elevated commodity inflation, in the 3-4% range, in the first half of fiscal 2026 before moderating in the second half.

The players

BJ's Restaurants

A publicly traded casual dining chain known for its deep-dish pizzas, California-style thin crust offerings, and in-house craft beer selections.

Lyle Tick

Chief Executive Officer and President of BJ's Restaurants.

Todd Wilson

Chief Financial Officer of BJ's Restaurants.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

BJ's Restaurants has demonstrated its ability to navigate challenging market conditions, drive traffic and profitability through menu innovations and operational efficiencies, and position itself for continued growth despite near-term inflationary pressures. The company's resilience in the casual dining industry is a testament to its strong brand and customer-centric approach.