Bj’s restaurants, inc. reports fiscal 2020 second quarter results and provides business update

Bj’s restaurants, inc. reports fiscal 2020 second quarter results and provides business update.q2 revenue $128 million versus refinitiv ibes estimate of $128.6 million.q2 loss per share $1.38.q2 earnings per share estimate $-1.95 -- refinitiv ibes data.qtrly comparable restaurant sales declined 57.2%.qtrly total revenues decreased 57.5% to $128.0 million.bj's restaurants - q2 2020 impacted by pretax impairment charge of $9.7 million for three restaurants.bj's restaurants - q2 2020 was also impacted by pretax charge of $1.2 million to reserve for beer spoilage.bj's restaurants - expects to open one more restaurant, in ohio during q4.bj's restaurants - have canceled or delayed all but one remaining new restaurant openings for 2020 due to covid-19.bj's restaurants - remain confident in long-term opportunity to expand bj's concept to at least 425 restaurants nationally.
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