Hurricanes Dampen BJ's Restaurants' Third Quarter
The bar keeps getting lower for BJ's Restaurants Inc. (NASDAQ: BJRI) as the casual-dining chain came into today's third-quarter earnings report with five-straight quarters of declining comparable sales. The stock touched a three-year low in September, but has recovered some of those losses since then.
Still, tough times have continued in the casual-dining industry as e-commerce is depleting mall traffic and making delivery more popular, and the industry, as a whole, seems to be suffering from overexpansion in recent years. BJ's has been no stranger to the broader malaise, and those trends continued through the third quarter as the company also suffered a one-two punch from Hurricanes Harvey and Irma. Let's take a closer look at the results.
Image source: Getty Images.
Source: Fool.com
