BJs Restaurants Inc (BJRI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 10,100 | -8,308 | -19,182 | -89,950 | 46,294 |
| Revenue | US$ in thousands | 1,328,310 | 1,284,360 | 1,082,040 | 774,710 | 1,161,570 |
| Pretax margin | 0.76% | -0.65% | -1.77% | -11.61% | 3.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $10,100K ÷ $1,328,310K
= 0.76%
Based on the data provided, BJs Restaurants Inc's pretax margin has been fluctuating over the past five years. The pretax margin was 0.76% in 2023, indicating that for every dollar of revenue, the company generated 0.76 cents in pretax profit. This is a positive sign as it shows the company is efficiently managing its expenses to generate profits before taxes.
However, in 2022 and 2021, the pretax margin was negative at -0.65% and -1.77% respectively. A negative pretax margin indicates that the company incurred losses before accounting for taxes, which may raise concerns about the company's cost structure or operational efficiency during those years.
In 2020, the pretax margin was significantly negative at -11.61%, indicating a substantial loss before taxes. This could be due to various factors such as higher operating expenses, lower revenues, or one-time charges that impacted the company's profitability.
On a positive note, in 2019, the pretax margin was 3.99%, showing that the company had a healthy margin before taxes during that year. This indicates that the company was effectively managing its expenses and generating profits.
Overall, the trend in BJs Restaurants Inc's pretax margin shows variability, with fluctuations between positive and negative margins over the past five years. It is important for the company to focus on improving operational efficiencies and cost management to ensure consistent profitability in the future.
Peer comparison
Dec 31, 2023