BJ's Restaurants' Woes Continue
Coming into its second-quarter earnings report, BJ's Restaurants Inc. (NASDAQ: BJRI) had seen nearly a quarter of its share value evaporate since reporting first-quarter earnings. The stock slid steadily after its June shareholders meeting, where the company didn't deliver favorable news, and on concerns about the ongoing "restaurant recession."
Investors hoping the recent pullback would set the stage for a recovery were sorely disappointed with BJ's report today, as comparable sales and earnings fell once again. Here's what you need to know:
Image source: BJ's Restaurants
Source: Fool.com