BJ's Restaurants, Inc. Q3 2009 Earnings Call Transcript

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2009-10-22 22:20:19.0

Tags: Holiday, Call Transcript, Earnings, BJ's Restaurants Inc., Sales Strategy, Investment, Sales Force Management, Sales, Finance, Seeking Alpha

Question-and-Answer Session

Operator

(Operator instructions) Our first question comes from the line of Matt DiFrisco with Oppenheimer. Please go ahead.

Matt DiFrisco – Oppenheimer

Hi. I'm sorry I might have missed that, but can you guys talk about the fourth quarter guidance and what you might be seeing currently as far as regional trends, strength and weakness?

Greg Levin

We didn't get into specifics in regards to regional trends, we didn’t know that our comparable restaurant sales at least through the first three weeks of October, are basically flat, we're at 0.0 right now, and we started seeing an improvement in that in September timeframe, however I did remind the investors that we're going to see the shift on to Christmas holiday move from a Thursday to Friday, we're going to lose that Friday which was a big booming day for us if we think about it the Friday after Christmas. And that is going to have an impact I think (inaudible) 7/10 in regards to our comp sales for the fourth quarter.

Matt DiFrisco – Oppenheimer

Did that comps also Halloween going on Saturday?

Greg Levin

Yes, it does looking at Halloween from a Friday to Saturday wasn't quite as its impactful, it was really losing a Friday versus you pick up a little bit of a Thursday per se, but that’s Friday afterwards going into kind of a full holiday weekend with a really big Friday for a class here.

Matt DiFrisco – Oppenheimer

And then I guess with the comp comparison you made us on how we've progressed throughout the quarter of last year I would assume you had a significantly easing comparison as we got closer to holiday?

Greg Levin

Looking at a last year I would say was that be fairly even, because last year Thanksgiving move for us and what we call P11 to P12 and a result of that if I had to strip off that out, look over P10, P11, P12, October, November December, we're actually pretty consistent week to week taking out the normal shift of the holidays.

Matt DiFrisco – Oppenheimer

Okay, and then can you also talk about I guess where do we stand as far as the investment costs on the box? And looking at your stores to come into 2010 relative to what you open over the last 12 months as far as investment costs and anything you could have removed from that?

 

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