Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

BJ's Restaurants Opens in Pasadena, California



BJ's Restaurants Opens in Pasadena, California

HUNTINGTON BEACH, Calif., Oct. 30, 2012 (GLOBE NEWSWIRE) -- BJ's Restaurants,
Inc. (Nasdaq:BJRI) today announced the opening of its newest restaurant in
Pasadena, California, on Monday, October 29, 2012. The new BJ's Restaurant and
Brewhouse is located at the intersection of Colorado Boulevard and Marengo
Avenue on the ground floor of the historic Pacific Southwest Trust and Savings
Bank building. Originally constructed in 1924, the building was designed in
the Second Renaissance Revival style of architecture, and the restaurant
itself was designed to preserve many outstanding features originally included
within the space. Most notable are columns with elaborate capitals, ornamental
friezes and cartouches, and the restoration of original marble floors. The
restaurant is approximately 9,000 square feet, contains seating for
approximately 280 guests, and features BJ's extensive menu including BJ's
signature deep-dish pizza, award-winning craft beer and famous Pizookie®
dessert. BJ's highly detailed, contemporary décor and unique video statement,
including BJ's first 152" plasma television display as well as several
high-definition flat panel televisions, create 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 very excited to open our newest BJ's restaurant in our core Southern
California market of Pasadena," said Jerry Deitchle, Chairman and CEO.  "Our
design and development team did an incredible job of both preserving and
highlighting the unique architectural features of our space in this historic
building. The Panasonic 152" plasma television that we installed in this
restaurant was originally utilized at the NBC studio for the 2012 Summer
Olympic Games in London, England. This is the largest plasma television screen
currently manufactured in the world, and the first one installed anywhere on
the West Coast. We are delighted that BJ's is the first restaurant in the
United States to feature this plasma TV, and we invite everyone to stop by,
take a look at it and also enjoy BJ's wide variety of high quality food and
beer offerings.

"Our Pasadena restaurant is our 14^th new restaurant this year, and we
currently have two more restaurants scheduled to open before Thanksgiving in
Miami, Florida, and Albuquerque, New Mexico," said Deitchle. "As a result, we
expect to achieve our previously stated expansion goal for 2012 by opening a
total of 16 new restaurants, including the relocation of a smaller-format
'pizza and grill' restaurant in Boulder, Colorado, to a new site in Boulder
that supports a larger-format, more productive facility. We currently plan to
open as many as 17 new restaurants during 2013, including another
relocation. All of our potential new locations for 2013 have now been secured
with signed leases or letters of intent. Additionally, work is well underway
in building our 2014 expansion pipeline." 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 128 casual dining
restaurants under the BJ's Restaurant & Brewery®, BJ's Restaurant &
Brewhouse®, BJ's Pizza & Grill® and BJ's 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 in addition to using
qualified contract brewers to produce and distribute BJ's critically acclaimed
proprietary handcrafted beers throughout the chain. The Company's restaurants
are located in Arizona (6), California (61), Colorado (4), Florida (10),
Indiana (1), Kansas (1), Kentucky (1), Louisiana (1), Nevada (5), Ohio (3),
Oklahoma (2), Oregon (3), Texas (28) 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, the success of various
sales-building and productivity initiatives, future guest traffic trends and
the number and timing of new restaurants expected to be opened in future
periods. 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) increase in minimum wage and other employment related costs, (vi) food
quality and health concerns, (vii) factors that impact California, where 61 of
our current 128 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: Greg Levin of BJ's Restaurants, Inc.
         (714) 500-2400

BJ's Restaurants, Inc.
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement