BJ’s Restaurants Inc. blamed bad weather, the shorter holiday season and heavy promotional activity for a 93-percent decrease in fourth-quarter net income. The results were also dampened in part by one-time charges, including separation costs associated with the departure of the chain’s chief marketing officer, Matt Hood, and write-downs related to an underperforming unit in Texas.

Greg Trojan, BJ’s president and chief executive, said the Huntington Beach, Calif.-based chain is launching a strategic initiative to reignite sales, including a plan later this year to offer a mobile option for loyalty members to order ahead using their smartphones and pay their bill at the table.

BJ’s ended the year with 147 restaurants under the BJ’s Restaurant & Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza & Grill and BJ’s Grill brands.
 

4Q NET INCOME

Result: $504,000, or 2 cents per share
% Decrease: 93% (from $7 million, or 24 cents per share)

4Q REVENUE

Result: $199.8 million
% Increase: 8% (from $184.8 million)

4Q SAME-STORE SALES

% Decrease systemwide: 2.7%

Source: Company report



FULL YEAR NET INCOME

Result: $21 million, or 73 cents per share
% Decrease: 33% (from $31.4 million, or $1.09 per share)

FULL YEAR REVENUE

Result: $775.1 million
% Increase: 9% (from $708.3 million)

FULL YEAR SAME-STORE SALES

% Decrease systemwide: 1.1%

Source: Company report



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Update: Feb. 20, 2014  This story has been updated with more information regarding the company’s drop in net income.

Contact Lisa Jennings at lisa.jennings@penton.com.
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