10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to ______

Commission file number 0-21423

BJ’S RESTAURANTS, INC.

(Exact name of registrant as specified in its charter)

California	33-0485615
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

7755 Center Avenue, Suite 300

Huntington Beach, California 92647

(714) 500-2400

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of each exchange on which registered
Common Stock, No Par Value	BJRI	Nasdaq Global Select Market

(Address, including zip code, and telephone number, including

area code, of registrant’s principal executive offices)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every interactive data file required to be submitted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company, or an emerging growth company. See definition of “accelerated filer,” “large accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

☑	Large accelerated filer	☐	Accelerated filer
☐	Non-accelerated filer	☐	Smaller reporting company
☐	Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☑

As of May 1, 2026, there were 21,016,924 shares of Common Stock of the Registrant outstanding.

BJ’S RESTAURANTS, INC.

TABLE OF CONTENTS

		Page
PART I.	FINANCIAL INFORMATION
Item 1.	Consolidated Financial Statements	1
	Consolidated Balance Sheets – March 31, 2026 (Unaudited) and December 30, 2025	1
	Unaudited Consolidated Statements of Income – Thirteen Weeks Ended March 31, 2026 and April 1, 2025	2
	Unaudited Consolidated Statements of Shareholders’ Equity – Thirteen Weeks Ended March 31, 2026 and April 1, 2025	3
	Unaudited Consolidated Statements of Cash Flows – Thirteen Weeks Ended March 31, 2026 and April 1, 2025	4
	Notes to Unaudited Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	17
Item 4.	Controls and Procedures	17
Item 5.	Other Information	18
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	19
Item 1A.	Risk Factors	19
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	19
Item 6.	Exhibits	20
	SIGNATURES	21

PART I. FINANCIAL INFORMATION

Item 1. CONSOLIDATED FINANCIAL STATEMENTS

BJ’S RESTAURANTS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands)

	March 31, 2026		December 30, 2025
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	22,671	$	23,781
Accounts and other receivables, net		14,624		18,391
Inventories, net		12,824		13,106
Prepaid expenses and other current assets		10,268		19,647
Total current assets		60,387		74,925
Property and equipment, net		506,959		502,108
Operating lease assets		310,128		314,178
Goodwill		4,673		4,673
Equity method investment		4,029		4,083
Deferred income taxes, net		68,167		67,300
Other assets, net		44,724		48,188
Total assets	$	999,067	$	1,015,455
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	44,933	$	38,353
Accrued expenses		104,250		105,336
Current operating lease obligations		44,292		44,086
Total current liabilities		193,475		187,775
Long-term operating lease obligations		356,360		361,672
Long-term debt		62,000		85,000
Other liabilities		14,702		14,815
Total liabilities		626,537		649,262
Commitments and contingencies
Shareholders’ equity:
Preferred stock, 5,000 shares authorized, none issued or outstanding		—		—
Common stock, no par value, 125,000 shares authorized and 21,050 and 21,114 shares issued and outstanding as of March 31, 2026 and December 30, 2025, respectively		—		—
Capital surplus		73,326		75,020
Retained earnings		299,204		291,173
Total shareholders’ equity		372,530		366,193
Total liabilities and shareholders’ equity	$	999,067	$	1,015,455

See accompanying notes to unaudited consolidated financial statements.

1

BJ’S RESTAURANTS, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Revenues	$	358,118		$	347,973
Restaurant operating costs (excluding depreciation and amortization):
Cost of sales		89,912			86,820
Labor and benefits		129,878			125,652
Occupancy and operating		81,166			79,911
General and administrative		21,966			21,752
Depreciation and amortization		22,812			18,277
Restaurant opening		15			438
Loss on disposal and impairment of assets, net		1,746			173
Total costs and expenses		347,495			333,023
Income from operations		10,623			14,950
Other income (expense):
Interest expense, net		(1,088	)		(1,230	)
Other expense, net		(446	)		(61	)
Total other expense		(1,534	)		(1,291	)
Income before income taxes		9,089			13,659
Income tax expense		55			167
Net income	$	9,034		$	13,492
Net income per share:
Basic	$	0.43		$	0.59
Diluted	$	0.41		$	0.58
Weighted average number of shares outstanding:
Basic		21,157			22,683
Diluted		21,892			23,284

See accompanying notes to unaudited consolidated financial statements.

2

BJ’S RESTAURANTS, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(In thousands)

	For the Thirteen Weeks Ended
	Common Stock						Capital			Retained
	Shares			Amount			Surplus			Earnings			Total
Balance, December 31, 2024		22,697		$	—		$	77,576		$	292,441		$	370,017
Exercise of stock options		23			1,076			(396	)		—			680
Issuance of restricted stock units		120			4,510			(5,159	)		—			(649	)
Repurchase, retirement and reclassification of common stock		(404	)		(5,586	)		—			(8,513	)		(14,099	)
Stock-based compensation		—			—			2,040			—			2,040
Net income		—			—			—			13,492			13,492
Balance, April 1, 2025		22,436		$	—		$	74,061		$	297,420		$	371,481
Balance, December 30, 2025		21,114		$	—		$	75,020		$	291,173		$	366,193
Exercise of stock options		12			1,419			(993	)		—			426
Issuance of restricted stock units		75			2,880			(3,353	)		—			(473	)
Repurchase, retirement and reclassification of common stock		(151	)		(4,299	)		—			(1,003	)		(5,302	)
Stock-based compensation		—			—			2,652			—			2,652
Net income		—			—			—			9,034			9,034
Balance, March 31, 2026		21,050		$	—		$	73,326		$	299,204		$	372,530

See accompanying notes to unaudited consolidated financial statements.

3

BJ’S RESTAURANTS, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Cash flows from operating activities:
Net income	$	9,034		$	13,492
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (1)		22,995			18,277
Non-cash lease expense		8,865			8,441
Amortization of financing costs		58			55
Deferred income taxes, net		(867	)		(1,418	)
Stock-based compensation expense		2,567			1,950
Loss on disposal and impairment of assets, net		1,746			173
Equity method investment		54			159
Changes in assets and liabilities:
Accounts and other receivables, net		4,817			4,082
Inventories, net		282			588
Prepaid expenses and other current assets		1,495			3,172
Other assets, net		(27	)		273
Accounts payable		4,134			(30,891	)
Accrued expenses		(1,086	)		3,070
Operating lease obligations		(10,971	)		(15,724	)
Other liabilities		(113	)		(1,078	)
Net cash provided by operating activities		42,983			4,621
Cash flows from investing activities:
Purchases of property and equipment		(15,801	)		(16,683	)
Proceeds from disposal of assets		57			36
Net cash used in investing activities		(15,744	)		(16,647	)
Cash flows from financing activities:
Borrowings on credit facility		260,529			218,500
Payments on credit facility		(283,529	)		(199,500	)
Taxes paid on vested stock units under employee plans		(473	)		(649	)
Proceeds from exercise of stock options		426			680
Repurchase of common stock		(5,302	)		(14,099	)
Net cash (used in) provided by financing activities		(28,349	)		4,932
Net decrease in cash and cash equivalents		(1,110	)		(7,094	)
Cash and cash equivalents, beginning of period		23,781			26,096
Cash and cash equivalents, end of period	$	22,671		$	19,002

See accompanying notes to unaudited consolidated financial statements.

(1)The thirteen weeks ended March 31, 2026 includes $183,000 of depreciation expense related to brewery operations, which is recorded as Cost of sales on our Consolidated Statements of Income.

4

BJ’S RESTAURANTS, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$	552	$	1,248
Cash paid for interest, net of capitalized interest	$	856	$	914
Cash paid for operating lease obligations	$	16,633	$	16,209
Supplemental disclosure of non-cash investing and financing activities:
Operating lease assets obtained in exchange for operating lease obligations	$	5,865	$	2,694
Property and equipment acquired and included in accounts payable	$	3,594	$	4,855
Stock-based compensation capitalized	$	85	$	90

See accompanying notes to unaudited consolidated financial statements.

5

BJ’S RESTAURANTS, INC.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company,” “we,” “us” and “our”) and our wholly owned subsidiaries. The consolidated financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial condition, results of operations, shareholders’ equity and cash flows for the periods presented. Our consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules.

The preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates. Our operating results for the thirteen weeks ended March 31, 2026 may not be indicative of operating results for the entire year.

A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the fiscal year ended December 30, 2025. The disclosures included in our accompanying interim consolidated financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K and our other reports filed from time to time with the Securities and Exchange Commission.

Recently Issued Accounting Standards

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic: 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU modernizes certain aspects of the accounting for software costs to develop or obtain software for internal use under Accounting Standards Codification 350-40. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project, and it is probable that the project will be completed and the software will be used for its intended purpose. The guidance is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new ASU on our consolidated financial statements and related disclosures.

2. REVENUE RECOGNITION

Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Revenues from restaurant sales are recognized when payment is tendered. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected from the credit card processor. We sell gift cards which do not have an expiration date, and we do not deduct non-usage fees from outstanding gift card balances. Gift card sales are recorded as a liability and recognized as revenues upon redemption in our restaurants. Based on historical redemption rates, a portion of our gift card sales are not expected to be redeemed and will be recognized as gift card “breakage.” Estimated gift card breakage is recorded as revenue and recognized in proportion to our historical redemption pattern, unless there is a legal obligation to remit the unredeemed gift cards to government authorities.

Our “BJ’s Premier Rewards Plus” guest loyalty program enables participants to earn points for qualifying purchases that can be redeemed for food and beverages in the future. We allocate the transaction price between the goods delivered and the future goods that will be delivered on a relative standalone selling price basis, and defer the revenues allocated to the points, less expected expirations, until such points are redeemed.

6

The liability related to our gift card and loyalty program, included in “Accrued expenses” on our Consolidated Balance Sheets is as follows (in thousands):

	March 31, 2026		December 30, 2025
Gift card liability	$	12,191	$	16,060
Deferred loyalty revenue	$	2,726	$	3,023

Revenue recognized for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year is as follows (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Revenue recognized from gift card liability	$	5,631	$	5,770
Revenue recognized from guest loyalty program	$	6,883	$	5,746

3. LEASES

We determine if a contract contains a lease at inception. Our material operating leases consist of restaurant locations and office space. U.S. GAAP requires that our leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date, and the lease term used in the evaluation includes the non-cancellable period for which we have the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option would result in an economic penalty. All of our restaurant and office space leases are classified as operating leases. We have elected to account for lease and non-lease components as a single lease component for office and beverage equipment. We do not have any finance leases.

Lease costs included in “Occupancy and operating” on the Consolidated Statements of Income consisted of the following (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Lease cost	$	14,480	$	14,676
Variable lease cost		970		942
Total lease costs	$	15,450	$	15,618

4. LONG-TERM DEBT

Line of Credit

On May 30, 2025, we entered into a Fifth Amended and Restated Credit Agreement (“Credit Facility”) with Bank of America, N.A. (“BofA”), JPMorgan Chase Bank, N.A., and certain other parties to amend and restate our revolving line of credit (the “Line of Credit”) to extend the maturity date, obtain a swingline subfacility, modify the interest rate, and revise certain loan covenants.

Our Credit Facility matures on May 30, 2030, and provides us with revolving loan commitments totaling $215 million, which may be increased up to $315 million, of which $50 million may be used for the issuance of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. On March 31, 2026, there were borrowings of $62.0 million and letters of credit of $15.6 million outstanding, leaving $137.4 million available to borrow.

Borrowings under the Line of Credit bear interest at an annual rate equal to either (a) the Secured Overnight Financing Rate (“Term SOFR”), adjusted by 10 basis points regardless of the duration of the Term SOFR, plus a percentage not to exceed 2.00%, or (b) the Base Rate plus a percentage not to exceed 1.00%. As with swingline loans: (i) the percentage adjustment depends on the level of lease and debt obligations of the Company as compared to EBITDA and lease expenses; and (ii) there is a floor of 0.00% on Term SOFR plus the 10 basis point adjustment. The weighted average interest rate during the thirteen weeks ended March 31, 2026 and April 1, 2025 was approximately 5.0% and 6.0%, respectively.

The Credit Agreement contains certain representations and warranties, affirmative and negative covenants and events of default that are customary for credit arrangements of this type, including covenants which restrict or limit the Company’s ability to, among other things, create liens, borrow money (other than purchase money indebtedness and trade credit, lease obligations incurred in the ordinary course, and similar ordinary course liabilities), make dividends, and engage in mergers, consolidations, significant asset sales, stock repurchases and certain other transactions. On March 31, 2026, we were in compliance with these covenants.

7

Pursuant to the Credit Agreement, the Company will be required to pay certain customary fees and expenses associated with maintenance and use of the Line of Credit including letter of credit issuance fees and unused commitment fees. Interest expense and commitment fees under the Credit Facility were approximately $1.1 million and $1.2 million, for the thirteen weeks ended March 31, 2026 and April 1, 2025, respectively. We also capitalized approximately $0.1 million of interest expense related to new restaurant construction and remodels during each of the thirteen weeks ended March 31, 2026 and April 1, 2025.

Additionally, we capitalized approximately $0.8 million of fees related to the Fifth Amended and Restated Credit Agreement, which are being amortized over the remaining term of the Credit Facility. These fees are presented as an asset and recorded in “Other assets, net” on our Consolidated Balance Sheets. For each of the thirteen weeks ended March 31, 2026 and April 1, 2025, we amortized $0.1 million of these fees, which is included as a component of “Interest expense, net” on our Consolidated Statements of Income. At March 31, 2026 and April 1, 2025, unamortized fees were $1.0 million and $0.4 million, respectively.

5. NET INCOME PER SHARE

Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based RSUs are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation.

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards included in the dilutive net income per share computation (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Numerator:
Net income	$	9,034	$	13,492
Denominator:
Weighted-average shares outstanding – basic		21,157		22,683
Dilutive effect of equity awards		735		601
Weighted-average shares outstanding – diluted		21,892		23,284
Net income per share:
Basic	$	0.43	$	0.59
Diluted	$	0.41	$	0.58

For each of the thirteen weeks ended March 31, 2026 and April 1, 2025, there were approximately 0.4 million and 0.9 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

6. STOCK-BASED COMPENSATION

Our current shareholder approved stock-based compensation plan is the BJ’s Restaurants, Inc. 2024 Equity Incentive Plan, (as it may be amended from time to time, “the Plan”). Under the Plan, we may issue shares of our common stock to team members, officers, directors and consultants. We grant non-qualified stock options, and service- and performance-based RSUs. Since fiscal 2024, we also grant performance-based RSUs with market-based metrics. Additionally, we issue service-based RSUs in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”), a long-term equity incentive program under the Plan for our restaurant general managers, executive kitchen managers, directors of operations and directors of kitchen operations. All GSSOP participants are required to remain in good standing during their vesting period.

All options granted under the Plan expire within 10 years of their date of grant. Awards of stock options or stock appreciation rights are charged against the Plan share reserve on the basis of one share for each option granted. All other awards are charged against the 2024 Plan share reserve on the basis of 1.5 shares for each award unit granted. We estimate forfeitures based on historical data and we take into consideration future expectations. The Plan also contains other limits on the terms of incentive grants such as the maximum number that can be granted to a team member during any fiscal year.

8

We use the Black-Scholes option-pricing model to determine the fair value of our stock options, and we use the Monte Carlo simulation model to determine the fair value of our performance-based RSUs that include a market-based metric. Both valuation models require management to make assumptions regarding stock price, volatility, the expected life of the award, risk-free interest rate and expected dividend yield. The fair value of service-based and performance-based RSUs without market-based metrics, is equal to the fair value of our common stock at market close on the grant date, or the last trading day prior to the grant date if the grant occurs on a day when the market is closed.

The grant date fair value of each stock option, service-based RSU, and performance-based RSU with market-based metrics is recognized as stock-based compensation expense on a straight-line basis over the applicable vesting period (e.g., one, three or five years). For performance-based RSUs without market-based metrics, stock-based compensation expense recognition is recognized based on the estimated number of awards that is expected to vest, which is reassessed each reporting period based on management’s current estimate of achievement of the applicable performance goals. Forfeitures are estimated based on historical experience and adjusted for future expectations.

The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan. Stock options and service-based RSUs cliff vest at one year or ratably over three years for non-GSSOP participants, and either cliff vest at five years or cliff vest at 33% on the third anniversary and 67% on the fifth anniversary for GSSOP participants. Performance-based RSUs cliff vest on the third anniversary of the grant date in an amount from 0% to 150% of the grant quantity, depending on the level of performance target achievement.

The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Labor and benefits	$	865	$	400
General and administrative		1,702		1,550
Capitalized (1)		85		90
Total stock-based compensation	$	2,652	$	2,040

(1)Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

Stock Options

The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the assumptions below for the thirteen weeks ended April 1, 2025. There were no stock options granted during the thirteen weeks ended March 31, 2026; accordingly, no valuation assumptions were required.

	For the Thirteen Weeks Ended
	March 31, 2026	April 1, 2025
Volatility	n/a		67.9	%
Risk-free interest rate	n/a		4.6	%
Expected life (years)	n/a	5
Expected dividend yield	n/a		—	%
Fair value of options granted	n/a	$	20.62

9

Under the Plan and prior stock-based compensation plans, under which options are currently outstanding, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:

	Options Outstanding					Options Exercisable
	Shares (in thousands)			Weighted Average Exercise Price		Shares (in thousands)		Weighted Average Exercise Price
Outstanding at December 30, 2025		717		$	39.39		538	$	40.64
Granted		—			—
Exercised		(12	)		40.26
Forfeited		(20	)		42.21
Outstanding at March 31, 2026		685		$	39.33		556	$	39.87

As of March 31, 2026, total unrecognized stock-based compensation expense related to non-vested stock options was approximately $1.6 million, which is expected to be recognized over a weighted average remaining recognition period of 1.5 years.

Restricted Stock Units

Service-Based Restricted Stock Units

The following table presents service-based restricted stock unit activity:

	Shares (in thousands)			Weighted Average Fair Value
Outstanding at December 30, 2025		705		$	32.62
Granted		106			45.50
Released		(71	)		34.25
Forfeited		(17	)		34.64
Outstanding at March 31, 2026		723		$	34.30

As of March 31, 2026, total unrecognized stock-based compensation expense related to non-vested service-based RSUs was approximately $12.3 million, which is weighted average remaining recognition period of 2.8 years.

Performance-Based Restricted Stock Units

The following table presents performance-based restricted stock unit activity:

	Shares (in thousands)			Weighted Average Fair Value
Outstanding at December 30, 2025		118		$	36.63
Granted		100			51.99
Released		(14	)		31.34
Forfeited		(2	)		40.61
Outstanding at March 31, 2026		202		$	44.54

10

The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Volatility		42.6	%		47.1	%
Risk-free interest rate		3.6	%		4.3	%
Expected life (years)		3		3
Expected dividend yield		—	%		—	%
Fair value of market-based awards granted	$	51.99		$	34.28

As of March 31, 2026, the total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $5.4 million, which is expected to be recognized over a weighted average remaining recognition period of 2.4 years.

7. INCOME TAXES

We calculate our interim income tax provision in accordance with ASC Topic 270, “Interim Reporting” and ASC Topic 740, “Accounting for Income Taxes.” The Company calculates its provision for income taxes at the end of each interim reporting period by computing an estimated annual effective tax rate adjusted for tax items that are discrete to each period. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain significant estimates and judgment including the expected operating income for the year, permanent and temporary differences because of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.

Our effective income tax rate for the thirteen weeks ended March 31, 2026 was an expense rate of 0.6% compared to 1.2% for the comparable thirteen weeks ended April 1, 2025. The effective tax rate expense for the thirteen weeks ended March 31, 2026 and April 1, 2025, respectively, was different from the statutory tax rate primarily as a result of significant Federal Insurance Contributions Act (“FICA”) tax tip credits.

As of March 31, 2026, we had unrecognized tax benefits of approximately $0.8 million, which, if reversed, would impact our effective tax rate.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is the following (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Beginning gross unrecognized tax benefits	$	794	$	874
Increases for tax positions taken in prior years		22		33
Ending gross unrecognized tax benefits	$	816	$	907

Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of March 31, 2026, the earliest tax year still subject to examination by the Internal Revenue Service is 2022. The earliest year still subject to examination by a significant state or local taxing authority is 2021.

8. LEGAL PROCEEDINGS

We are subject to lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from guests, team members and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability, team member workers’ compensation and employment practice liability insurance requirements. We maintain coverage with a third-party insurer to limit our total exposure. We believe that most of our claims will be covered by our insurance, subject to coverage limits and the portion of such claims that are self-insured; however, punitive damages awards are not covered by our insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our

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future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.

9. SHAREHOLDERS’ EQUITY

Stock Repurchases

During the thirteen weeks ended March 31, 2026, we repurchased and retired approximately 0.2 million shares of our common stock at an average price of $35.01 per share for approximately $5.3 million, which is recorded as a reduction in common stock, with any excess charged to retained earnings. As of March 31, 2026, we had $87.9 million available under our authorized $675 million share repurchase program. Repurchases may be made at any time.

Cash Dividends

We currently do not pay any cash dividends. Any payment of quarterly cash dividends will be subject to our Board of Directors determining that the payment of dividends is in the best interest of the Company and its shareholders.

10. RELATED PARTY TRANSACTIONS

BJ's Act III, LLC

Pursuant to the terms of a Cooperation Agreement, dated December 30, 2024 and amended on November 14, 2025, with Act III Holdings, LLC (with its affiliates, “Act III”) (the “Act III Cooperation Agreement”), Act III is subject to customary standstill restrictions and will vote all shares of Common Stock beneficially owned by them in accordance with the Board’s recommendations (unless, with respect to proposals other than Board elections, ISS or Glass Lewis recommends a different vote). A more detailed description of the Act III Cooperation Agreement is contained in our Current Reports on Form 8-K filed with the SEC on January 2, 2025 and November 17, 2025.

11. SEGMENT INFORMATION

We currently operate in one operating segment: full-service company-owned restaurants and in one geographic area: the United States of America. We do not have intra-entity sales or transfers. Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Our Chief Operating Decision Maker (“CODM”) is our Chief Executive Officer and President, and he assesses performance and decides how to allocate resources based on income from operations, which is also reported on our Consolidated Statements of Income. Additionally, the measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business.

Reported segment revenue and expenses is presented below (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Revenues	$	358,118		$	347,973
Less:
Cost of sales		89,440			86,435
Labor and benefits		126,594			123,171
Occupancy and operating		84,922			82,777
Other segment items (1)		23,727			22,363
Depreciation and amortization		22,812			18,277
Income from operations		10,623			14,950
Reconciliation to net income:
Interest expense, net		(1,088	)		(1,230	)
Other expense, net		(446	)		(61	)
Income tax expense		(55	)		(167	)
Net income	$	9,034		$	13,492

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.

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Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

STATEMENT REGARDING FORWARD-LOOKING DISCLOSURE

Certain information included in this Form 10-Q and other filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers may contain “forward-looking” statements about our current and expected performance trends, growth plans, business goals and other matters. Words or phrases such as “believe,” “plan,” “will likely result,” “expect,” “intend,” “will continue,” “is anticipated,” “estimate,” “project,” “may,” “could,” “would,” “should,” and similar expressions are intended to identify “forward-looking” statements. These statements, and any other statements that are not historical facts, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as codified in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended from time to time. The cautionary statements made in this Form 10-Q should be read as being applicable to all related “forward-looking” statements wherever they appear in this Form 10-Q. These forward-looking statements are based on information available to us as of the date any such statements are made, and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the risk factors described in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 30, 2025, as updated in our Form 10-Q for the thirteen weeks ended March 31, 2026, and in other reports filed subsequently with the SEC.

GENERAL

BJ’s Restaurants is a leading full-service restaurant brand differentiated by a high-quality, varied menu with compelling value, a dining experience that offers our customers (referred to as “guests”) best-in-class service, hospitality and enjoyment, in a high-energy, welcoming and approachable atmosphere. BJ’s is a national restaurant chain that, as of May 5, 2026, owns and operates 219 restaurants located in 31 states.

The first BJ’s restaurant opened in 1978 in Orange County, California, and was a small sit-down pizzeria that featured Chicago style deep-dish pizza with a unique California twist. In 1996, we introduced our proprietary craft beers and expanded the BJ’s concept to a full-service, high-energy restaurant when we opened our first large format restaurant with an on-site brewing operation in Brea, California. Today our restaurants feature a broad menu with approximately 90 menu items designed to offer something for everyone including: slow roasted entrees and wings, EnLIGHTened Entrees® such as our Cherry Chipotle Glazed Salmon, our original signature deep-dish pizza, and the world-famous Pizookie® dessert. We also offer our award-winning BJ’s craft beers, which are produced at four in-house brewing facilities, two standalone brewpubs and by independent third-party brewers using our proprietary recipes, alongside a full bar featuring innovative cocktails.

Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Revenues from restaurant sales are recognized when payment is tendered. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected from the credit card processor. We sell gift cards which do not have an expiration date, and we do not deduct non-usage fees from outstanding gift card balances. Gift card sales are recorded as a liability and recognized as revenues upon redemption in our restaurants. Based on historical redemption rates, a portion of our gift card sales are not expected to be redeemed and will be recognized as gift card “breakage.” Estimated gift card breakage is recorded as revenue and recognized in proportion to our historical redemption pattern, unless there is a legal obligation to remit the unredeemed gift cards to government authorities.

Our guest loyalty program enables participants to earn points for qualifying purchases that can be redeemed for food and beverages in the future. We allocate the transaction price between the goods delivered and the future goods that will be delivered, on a relative standalone selling price basis, and defer the revenues allocated to the points, less expected expirations, until such points are redeemed.

All of our restaurants are Company-owned. In calculating comparable restaurant sales, we include restaurants open for at least 18 months as of the beginning of the period presented. Guest traffic for our restaurants is estimated based on the number of guest checks.

Cost of sales is comprised of food and beverage costs, including the cost to produce and distribute our proprietary craft beer, soda and ciders. The components of cost of sales are variable and typically fluctuate directly with sales volumes but also may be impacted by changes in commodity prices, a shift in sales mix to items with different cost structures, or changes in level of promotional activities.

Labor and benefit costs include direct hourly and management wages, bonuses, payroll taxes, fringe benefits and stock-based compensation, and workers’ compensation expense that are directly related to restaurant level team members.

Occupancy and operating expenses include restaurant supplies, credit card fees, general liability and property insurance, third-party delivery company commissions, marketing costs, fixed rent, percentage rent, common area maintenance charges, utilities, real estate taxes, repairs and maintenance and other related restaurant costs.

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General and administrative expenses include costs for our corporate administrative functions that support existing operations and provide infrastructure to facilitate our future growth. Components of this category include corporate management, field supervision and corporate hourly staff salaries and related team member benefits (including stock-based compensation expense and cash-based incentive compensation), travel and relocation costs, information systems, the cost to recruit and train new restaurant management team members, corporate rent, certain brand marketing-related expenses and legal and consulting fees.

Depreciation and amortization are composed primarily of depreciation of capital expenditures for restaurant and brewing equipment and leasehold improvements.

Restaurant opening expenses, which are expensed as incurred, consist of the costs of hiring and training the initial hourly work force for each new restaurant, travel, the cost of food and supplies used in training, grand opening promotional costs, the cost of the initial stock of operating supplies and other direct costs related to the opening of a restaurant, including rent expense during the in-restaurant training period.

RESULTS OF OPERATIONS

The following table provides, for the periods indicated, our unaudited Consolidated Statements of Income expressed as percentages of total revenues. The results of operations for the thirteen weeks ended March 31, 2026 and April 1, 2025, are not necessarily indicative of the results to be expected for the full fiscal year. Percentages below may not reconcile due to rounding.

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Revenues		100.0	%		100.0	%
Restaurant operating costs (excluding depreciation and amortization):
Cost of sales		25.1			25.0
Labor and benefits		36.3			36.1
Occupancy and operating		22.7			23.0
General and administrative		6.1			6.3
Depreciation and amortization		6.4			5.3
Restaurant opening	-				0.1
Loss on disposal and impairment of assets, net		0.5		-
Total costs and expenses		97.0			95.7
Income from operations		3.0			4.3
Other income (expense):
Interest expense, net		(0.3	)		(0.4	)
Other expense, net		(0.1	)	-
Total other expense		(0.4	)		(0.4	)
Income before income taxes		2.5			3.9
Income tax expense	-			-
Net income		2.5	%		3.9	%

Thirteen Weeks Ended March 31, 2026 Compared to Thirteen Weeks Ended April 1, 2025

Revenues. Total revenues increased by $10.1 million, or 2.9%, to $358.1 million during the thirteen weeks ended March 31, 2026, from $348.0 million during the comparable thirteen-week period of 2025. The change in revenues primarily consisted of an increase of 2.4%, or $8.1 million, related to sales from restaurants in our comparable restaurant sales base, and $1.7 million related to sales from new restaurants. The increase in comparable restaurant sales was due to an increase in guest traffic of approximately 2.2%, coupled with an increase in average check of approximately 0.2%, resulting from changes in mix and menu price increases.

Cost of Sales. Cost of sales increased by $3.1 million, or 3.6%, to $89.9 million during the thirteen weeks ended March 31, 2026, from $86.8 million during the comparable thirteen-week period of 2025. This increase was primarily due to higher guest traffic counts and higher commodity costs. As a percentage of revenues, cost of sales increased to 25.1% for the current thirteen-week period from 25.0% for the prior year comparable period. This increase was primarily due to higher commodity costs partially offset by menu price increases and the effectiveness of improved operations and our cost savings initiatives.

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Labor and Benefits. Labor and benefit costs for our restaurants increased by $4.2 million, or 3.4%, to $129.9 million during the thirteen weeks ended March 31, 2026, from $125.7 million during the comparable thirteen-week period of 2025. This increase was primarily due to $2.7 million related to hourly labor, $0.8 million in taxes and benefits, and $0.5 million related to higher workers’ compensation costs. Included in labor and benefits for the thirteen weeks ended March 31, 2026 and April 1, 2025, was approximately $0.9 million and $0.4 million, or 0.2% and 0.1% of revenues, respectively, of stock-based compensation expense related to equity awards granted in accordance with our Gold Standard Stock Ownership Program for certain restaurant management team members. As a percentage of revenues, labor and benefit costs increased to 36.3% for the current thirteen-week period from 36.1% for the prior year comparable period. This increase was primarily due to higher stock-based compensation expense and workers’ compensation costs.

Occupancy and Operating. Occupancy and operating expenses increased by $1.3 million, or 1.6%, to $81.2 million during the thirteen weeks ended March 31, 2026, from $79.9 million during the comparable thirteen-week period of 2025. This was primarily due to increases of $0.8 million in supplies, $0.6 million in utilities, $0.5 million in credit card processing fees, $0.1 million in repairs and maintenance, and $0.1 million in rent and related, offset by lower marketing-related expenses of $1.2 million. As a percentage of revenues, occupancy and operating expenses decreased to 22.7% for the current thirteen-week period from 23.0% for the prior year comparable period. This decrease was primarily due to reduced marketing spend during the thirteen weeks ended March 31, 2026.

General and Administrative. General and administrative expenses increased by $0.2 million, or 1.0%, to $22.0 million during the thirteen weeks ended March 31, 2026, from $21.8 million during the comparable thirteen-week period of 2025. This was primarily due to increases of $0.7 million related to less internal costs capitalized with fewer new restaurant openings, $0.2 million related to higher stock-based compensation, and $0.2 million in corporate expenses, offset by decreases of $0.4 million related to our deferred compensation liability, $0.2 million in recruiting costs and $0.3 million in external services. Included in general and administrative costs for the thirteen weeks ended March 31, 2026 and April 1, 2025, was approximately $1.7 million and $1.5 million, or 0.5% and 0.4% of revenues, respectively, of stock-based compensation expense. As a percentage of revenues, general and administrative expenses decreased to 6.1% for the current thirteen-week period from 6.3% for the prior year comparable period. This decrease was primarily due to our ability to leverage our fixed costs over a higher revenue base.

Depreciation and Amortization. Depreciation and amortization increased by $4.5 million, or 24.8%, to $22.8 million during the thirteen weeks ended March 31, 2026, compared to $18.3 million during the comparable thirteen-week period of 2025. The increase included a $2.7 million catch-up adjustment to depreciation expense. As a percentage of revenues, depreciation and amortization increased to 6.4% for the current thirteen-week period from 5.3% for the prior year comparable period.

Restaurant Opening. Restaurant opening expenses decreased by $0.4 million during the thirteen weeks ended March 31, 2026, compared to $0.4 million during the comparable thirteen-week period of 2025. This decrease was primarily due to the timing of openings.

Loss on Disposal and Impairment of Assets, Net. Loss on disposal and impairment of assets, net, was $1.7 million during the thirteen weeks ended March 31, 2026, compared to $0.2 million during the comparable thirteen-week period of 2025. For the thirteen weeks ended March 31, 2026 and April 1, 2025, these costs primarily related to disposals of assets in conjunction with initiatives to keep our restaurants up to date.

Interest Expense, Net. Interest expense, net, was $1.1 million during the thirteen weeks ended March 31, 2026, compared to $1.2 million during the comparable thirteen-week period of 2025. This decrease was primarily due to a lower outstanding debt balance.

Other Expense, Net. Other expense, net, was $0.4 million during the thirteen weeks ended March 31, 2026, compared to $0.1 million during the comparable thirteen-week period of 2025. This change is primarily due to decreases in the cash surrender value of certain life insurance policies.

Income Tax (Benefit) Expense. Our effective income tax rate for the thirteen weeks ended March 31, 2026, was an expense of 0.6% compared to 1.2% for the comparable thirteen-week period of 2025. The effective tax rate expense for the thirteen weeks ended March 31, 2026 and April 1, 2025, was different than the statutory rate primarily due to FICA tax tip credits.

LIQUIDITY AND MATERIAL CASH REQUIREMENTS

The following table provides, for the periods indicated, a summary of our key liquidity measurements (dollars in thousands):

	March 31, 2026			December 30, 2025
Cash and cash equivalents	$	22,671		$	23,781
Net working capital	$	(133,088	)	$	(112,850	)
Current ratio	0.3:1.0			0.4:1.0

Our capital requirements are driven by our fundamental financial objective to improve total shareholder return through a balanced approach of new restaurant expansion plans, enhancements and initiatives focused on existing restaurants and return of capital to our shareholders through our share repurchase program.

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Based on current operations, we believe that our current cash and cash equivalents, coupled with cash generated from operations and availability under our credit agreement will be adequate to meet our capital expenditure and working capital needs for at least the next twelve months. Our future operating performance will be subject to future economic conditions and to financial, business and other factors, many of which are beyond our control.

Similar to many restaurant chains, we typically utilize operating lease arrangements (principally ground leases) for our restaurant locations. We believe our operating lease arrangements provide appropriate leverage for our capital structure in a financially efficient manner. However, we are not limited to the use of lease arrangements as our only method of opening new restaurants and from time to time have purchased the underlying land for new restaurants. We typically lease our restaurant locations for periods of 10 to 20 years under operating lease arrangements. Our rent structures vary from lease to lease but generally provide for the payment of both minimum and contingent (percentage) rent based on sales, as well as other expenses related to the leases (for example, our pro-rata share of common area maintenance, property tax and insurance expenses). Many of our lease arrangements include the opportunity to secure tenant improvement allowances to partially offset the cost of developing and opening the related restaurants. Generally, landlords recover the cost of such allowances from increased minimum rents. There can be no assurance that such allowances will be available to us on each project. From time to time, we may also decide to purchase the underlying land for a new restaurant if that is the only way to secure a highly desirable site. Currently, we own the underlying land for our Texas brewpub locations. We also own parcels of land adjacent to two of our restaurants. It is not our current strategy to own a large number of land parcels that underlie our restaurants. Therefore, in many cases we have subsequently entered into sale-leaseback arrangements for land parcels that we previously purchased. We disburse cash for certain site-related work, buildings, leasehold improvements, furnishings, fixtures and equipment to build our leased and owned premises. We own substantially all of the equipment, furniture and trade fixtures in our restaurants and currently plan to do so in the future.

CASH FLOWS

The following tables set forth, for the periods indicated, our cash flows from operating, investing, and financing activities (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Net cash provided by operating activities	$	42,983		$	4,621
Net cash used in investing activities		(15,744	)		(16,647	)
Net cash (used in) provided by financing activities		(28,349	)		4,932
Net decrease in cash and cash equivalents	$	(1,110	)	$	(7,094	)

Operating Cash Flows

Net cash provided by operating activities was $43.0 million during the thirteen weeks ended March 31, 2026, representing a $38.4 million increase from the $4.6 million provided during the thirteen weeks ended April 1, 2025. The increase over prior year is primarily due to the timing of accounts payable payments. During the thirteen weeks ended April 1, 2025, and in preparation for our new Enterprise Resource Planning (“ERP”) system, we prepaid invoices and reduced our accounts payable balance, which decreased our operating cash flow for the period.

Investing Cash Flows

Net cash used in investing activities was $15.8 million during the thirteen weeks ended March 31, 2026, representing a $0.9 million decrease from the $16.6 million used during the thirteen weeks ended April 1, 2025. The decrease over prior year is primarily due to the timing of capital expenditures related to restaurant remodel activity.

The following table provides, for the periods indicated, the components of capital expenditures (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
New restaurants	$	1,019	$	4,021
Restaurant maintenance and remodels, and key productivity initiatives		14,300		12,425
Restaurant and corporate systems		482		237
Total capital expenditures	$	15,801	$	16,683

We expect to fund our net capital expenditures with our current cash balance on hand, cash flows from operations and our line of credit. Our future cash requirements will depend on many factors, including the pace of our expansion, conditions in the retail property development market, construction costs, the nature of the specific sites selected for new restaurants, and the nature of the specific leases and associated tenant improvement allowances available, if any, as negotiated with landlords.

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Financing Cash Flows

Net cash used in financing activities was $28.3 million during the thirteen weeks ended March 31, 2026, representing a $33.3 million increase from the $4.9 million provided by in financing activities during the thirteen weeks ended April 1, 2025. The increase in cash used is primarily due to higher repayments of borrowings, offset by lower share repurchases.

OFF-BALANCE SHEET ARRANGEMENTS

We do not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or variable interest entities (“VIEs”), which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow limited purposes. As of March 31, 2026, we are not involved in any off-balance sheet arrangements.

CRITICAL ACCOUNTING POLICIES

The preparation of financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions affecting the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenues and expenses in the reporting period. We base our estimates and assumptions on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. We continually review the estimates and underlying assumptions to ensure they are appropriate for the circumstances. Accounting assumptions and estimates are inherently uncertain and actual results may differ materially from our estimates.

A summary of our other critical accounting policies is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the fiscal year ended December 30, 2025. During the thirteen weeks ended March 31, 2026, there were no significant changes in our critical accounting policies.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The following discussion of market risks contains “forward-looking” statements. Actual results may differ materially from the following discussion based on general conditions in the financial and commodity markets.

Interest Rate Risk

We have a $215 million Credit Facility, of which $62.0 million is outstanding as of March 31, 2026, and carries interest at a floating rate. We utilize the Credit Facility principally for letters of credit that are required to support our self-insurance programs, to fund a portion of our announced share repurchase program, and for working capital and construction requirements, as needed. We are exposed to interest rate risk through fluctuations in interest rates on our obligations under the Credit Facility. Based on our current outstanding balance, a hypothetical 1% change in the interest rates under our Credit Facility would have an approximate $0.5 million annual impact on our net income.

Food, Supplies and Commodity Price Risks

We purchase food, supplies and other commodities for use in our operations based upon market prices established with our suppliers. Our business is dependent on frequent and consistent deliveries of these items. We may experience shortages, delays or interruptions due to inclement weather, natural disasters, labor issues or other operational disruptions or other conditions beyond our control such as cyber breaches or ransomware attacks at our suppliers, distributors or transportation providers. Additionally, many of the commodities purchased by us can be subject to volatility due to market supply and demand factors outside of our control, whether contracted for or not. Costs can also fluctuate due to government regulation, including the imposition of tariffs. To manage this risk in part, we attempt to enter into fixed-price purchase commitments, with terms typically up to one year, for some of our commodity requirements. However, it may not be possible for us to enter into fixed-price contracts for certain commodities or we may choose not to enter into fixed-price contracts for certain commodities. We believe that substantially all of our food and supplies are available from several sources, which helps to diversify our overall commodity cost risk. We also believe that we have some flexibility and ability to increase certain menu prices, or vary certain menu items offered or promoted, in response to food commodity price increases. Some of our commodity purchase arrangements may contain contractual features that limit the price paid by establishing certain price floors or caps. We do not use financial instruments to hedge commodity prices, since our purchase arrangements with suppliers, to the extent that we can enter into such arrangements, help control the ultimate cost that we pay.

Item 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including the Chief Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures pursuant to Rules 13a-15 and 15d-15

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promulgated under the Securities Exchange Act of 1934 as amended, as of the end of the period covered by this report. Based on this evaluation, our Chief Executive Officer and Principal Financial Officer concluded that, as of March 31, 2026, our disclosure controls and procedures are designed and are effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There has not been any significant change in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during our first fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Item 5. OTHER INFORMATION

None.

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PART II. OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

See Note 8 of Notes to Unaudited Consolidated Financial Statements in Part I, Item 1 of this report for a summary of legal proceedings.

Item 1A. RISK FACTORS

There have been no material changes from the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 30, 2025.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

As of March 31, 2026, we have cumulatively repurchased shares valued at approximately $587.1 million in accordance with our approved share repurchase plan since its inception in 2014. During the thirteen weeks ended March 31, 2026, we repurchased and retired approximately 0.2 million shares of our common stock at an average price of $35.01 per share for approximately $5.3 million, which is recorded as a reduction in common stock, with any excess charged to retained earnings. At March 31, 2026, we have $87.9 million available under our authorized $675 million share repurchase program. Repurchases may be made at any time.

The following table sets forth information with respect to the repurchase of common shares during the thirteen weeks ended March 31, 2026:

Period (1)	Total Number of Shares Purchased		Average Price Paid Per Share		Total Number of Shares Purchased as Part of the Publicly Announced Plans		Increase in Dollars for Share Repurchase Authorization		Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
12/31/25 - 01/27/26		—	$	—		—	$	—	$	93,156,007
01/28/26 - 02/24/26		—	$	—		—	$	—	$	93,156,007
02/25/26 - 03/31/26		151,446	$	35.01		5,302,290	$	—	$	87,853,717
Total		151,446				5,302,290

(1)Period information is presented in accordance with our fiscal months during fiscal 2026.

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Item 6. EXHIBITS

Exhibit Number	Description
3.1	Amended and Restated Articles of Incorporation of the Company, incorporated by reference to Exhibit 3.1 of the Annual Report on Form 10-K for fiscal 2017.
3.2	Amended and Restated Bylaws of the Company, incorporated by reference to Exhibit 3.1 of the Form 8-K filed on August 14, 2020.
3.3	Certificate of Amendment of Articles of Incorporation, incorporated by reference to Exhibit 3.3 of the Annual Report on Form 10-K for fiscal 2004.
3.4	Certificate of Amendment of Articles of Incorporation, incorporated by reference to Exhibit 3.4 of the Annual Report on Form 10-K for fiscal 2010.
4.1	Specimen Common Stock Certificate of the Company, incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form SB‑2A filed with the Securities and Exchange Commission on August 22, 1996 (File No. 3335182‑LA).
10.1	Fifth Amended and Restated Credit Agreement dated May 30, 2025, by and among the Company and Bank of America, N.A. JPMorgan Chase Bank, N.A. and the other lenders identified therein, incorporated by reference to Exhibit 10.1 to Form 8-K filed on June 5, 2025.
10.2	Employment Agreement dated April 15, 2025, between the Company and Jennifer A. Jaffe.
10.3	Employment Agreement dated October 30, 2025, between the Company and J. Todd Wilson, incorporated by reference to Exhibit 10.1 to Form 8-K filed on April 10, 2026.
10.4	Employment Agreement, dated April 7, 2026, between the Company and Ashley A. Van, incorporated by reference to Exhibit 10.1 to Form 8-K filed on November 5, 2025.
31	Section 302 Certification of Chief Executive Officer and Principal Financial Officer.
32	Section 906 Certification of Chief Executive Officer and Principal Financial Officer.
101.INS	Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH	Inline XBRL Taxonomy Extension Schema
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

20

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BJ’S RESTAURANTS, INC.

(Registrant)

May 5, 2026	By:	/s/ LYLE D. TICK
		Lyle D. Tick
		Chief Executive Officer, President and Director
		(Principal Executive Officer)

By:	/s/ J. TODD WILSON
	J. Todd Wilson
	Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

21

EX-10.2

Exhibit 10.2

April 15, 2025

Ms. Jennifer Jaffe

Dear Jennifer:

Welcome to BJ’s Restaurants, Inc. (the “Company” or “BJ’s”). We are delighted to extend you the offer to join BJ’s as Executive Vice President and Chief People Officer. Your offer is contingent upon the results of a background investigation and your acceptance of these terms.

We would like you to begin on Tuesday, May 6, 2025 (“Effective Date”) at 9:00 a.m. at the Company Restaurant Support Center located at 7755 Center Avenue, Suite 300, Huntington Beach, CA 92647. When you arrive at the Restaurant Support Center, please ask for Kendra Miller. Our Human Resources team will take you through your Team Member Orientation, including key Company policies, resources available to you, and information about your benefit package, and will answer any questions you may have. Please bring documentation necessary to complete your Form I-9.

I’d like to recap your offer and outline our plans for you:

1.Duties. The Company will employ you as Executive Vice President and Chief People Officer. In this capacity, you will perform such duties as the Company, in the exercise of its sole discretion, deems appropriate for that position. You will report to the Chief Executive Officer. Additionally, in this capacity, you also understand that you may be a “named executive officer” of the Company as defined by the regulations of the Securities and Exchange Commission and all other applicable laws, regulations and company policies.

2.Employment Location. The principal location of your employment will be at the Company’s Restaurant Support Center in Huntington Beach, California. You also understand that it will be necessary for you to travel to the Company’s restaurant locations and to the offices of the Company’s vendor partners in order to perform certain aspects of your position.

3.Salary. You will receive a bi-weekly gross salary of $15,961.54, which annualizes to a yearly salary of $415,000, payable in accordance with the Company’s payroll policies, as such policies may change from time to time (the “Salary”). Your compensation is subject to modification during your employment in accordance with the Company’s practices, policies and procedures.

4.Annual Bonus. As an Executive Vice President in our Restaurant Support Center, you will be eligible to participate in the Company’s Annual Incentive Plan (“PIP”) with an annual cash incentive opportunity of 65% of your base salary for fiscal year 2025. Your 2025 cash incentive opportunity will be prorated to reflect your time worked during 2025. Any earned cash incentive opportunity would be paid by mid-March 2026 in accordance with the provisions of the 2025 AIP. You must be employed and in good standing as of the payment date in 2026 to receive any 2025 cash incentive. In the event of termination or resignation prior to receipt of any cash incentive, you will not be entitled to, or be considered eligible to, receive any prorated cash bonus under the Company’s Annual Incentive Plan. While the Company currently intends to offer annual cash incentive plans in future years, the continued offering of any such plan and the opportunity percentage will be at the sole discretion of the Company’s Board of Directors.

5.Initial Equity Award. Subject to applicable securities laws, a recommendation will be made to the Compensation Committee of the Company’s Board of Directors to grant you an equity award pursuant to the Company’s Equity Incentive Plan that will be valued at $500,000. Your new hire grant will be made on July 15, 2025. You will receive this award in the form of 60% in restricted stock units (RSUs) and 40% non-qualified options (NQ options) to purchase the Company’s common stock. The number of RSU shares will be determined using the closing price of the Company’s common stock on the Nasdaq Global Market on the grant date of the award or the most recent trading day when grants take place on market holidays. The number of NQ option shares under the award, if any, will be determined with the estimated “fair value” of a NQ option calculated using the Black-Scholes option pricing model on the grant date of the award. For example, if the “fair value” of a NQ option for the Company’s common stock is $10.00 on the grant date, then you would be awarded options to purchase 10,000 shares of the Company’s common stock ($100,000 / $10.00).

The actual “fair value” calculation on the grant date of your award may be higher or lower than this example. Vesting for this award, regardless of whether it is NQ options or RSUs, will be 33.33% annually, beginning with the first anniversary of their grant date, over a total of three (3) years.

6.Annual Equity Award. You will also be eligible for additional grants of equity awards from time to time at the discretion of the Compensation Committee of the Board. Annual equity grants are typically made on or around January 15 of each year and have had a target of $335,000 at the EVP level. In 2025, the annual equity award was granted with the following equity mix: (1) 60% in Performance Share Units (PSUs) based on achievement of a Total Shareholder Return metric specified at the beginning of the performance period; (2) 20% in RSUs; and (3) 20% in NQ options to purchase the Company’s common stock. Vesting of the NQ options or RSUs has historically been 33.33% annually, beginning with the first anniversary of their grant date, over a total of three (3) years, and vesting of any of the PSUs has historically been at the conclusion of the three-year performance period, based on the achievement of the metrics set forth in the PSU grant materials. While the Company currently intends to offer annual equity grants in future years, the continued offering of such grants and the amount and form of the equity will be at the sole discretion of the Company’s Board of Directors.

7.Other Benefits. Following 30 days from your Effective Date, you will be entitled to enroll in any benefit plan that the Company may offer to its team members from time to time, according to the terms of such plan, including, but not limited to, the Company ’s health insurance program, which will become effective the first of the month after enrollment. The Company will reimburse you for the cost of COBRA for up to 60 days during the waiting period before you are entitled to enroll in the Company’s medical insurance plan. Nothing contained in this offer letter shall affect the right of the Company to terminate or modify any such plan, or other benefit, in whole or in part, at any time and from time to time.

8.Monthly Auto Allowance. You will also receive a monthly non-accountable automobile allowance of $1,000, less applicable withholdings. The allowance is intended to cover all costs of using your personal automobile for Company business purposes, including gasoline, mileage, insurance and other automobile expenses.

9.Business Expenses. You will be reimbursed for expenses you incur that are directly related to the Company’s operations and business, pursuant to the provisions of the Company’s business expense reimbursement policy. A Company-provided business credit card, a cell phone and laptop will be issued to you for Company business purposes. You will receive a dining (“red”) card which will cover unlimited BJ’s food purchases (excluding alcohol and tip), and will be subject to the terms of our Dining Policy.

10.Performance and Salary Review. You will receive a performance and salary review annually at the end of each fiscal year in accordance with the Company’s policies. A review is not a guarantee of a salary increase.

11.Paid Absences. The Company does not have a formal paid vacation policy for its officers. Accordingly, officers are expected to use their reasonable judgment and professional discretion when requesting paid time off for any reason, in light of their current work schedules and the Company’s business and operational requirements. Paid absences should be reasonably requested in advance and approved by the CEO.

12.Termination With or Without Cause. Your employment is at will and may be terminated by you or the Company, at anytime, with or without notice, and with or without cause. If the Company terminates your employment without cause, on or after the Effective Date, you will be eligible to receive a severance payment of twelve (12) months of your annual Salary then in effect and, if you are not covered by any other comprehensive group medical insurance plan, the Company will also payyou an amount equivalent to the employer portion of your COBRA payments for a period of twelve (12) months. Any severance amounts paid will be based upon your then-current annual base salary at the time employment ends and will be paid in a lump sum, less applicable withholdings. The aforementioned severance payment is conditioned upon your agreement to release all claims, if any, you may have against the Company and/or any of its employees, officers, agents and representatives, insofar as permissible under the law. For the purpose of the severance payment provision in this Agreement only, “Cause” shall include, but is not limited to:

(i)failure by you to perform your duties expected by the Company, other than such failure resulting from your incapacity due to physical or mental illness, after there has been delivered to you a written demand for performance from the Company which demand identifies the basis for the Company’s belief that you have not performed your duties;

(ii)dishonesty, incompetence or gross negligence in the discharge of your duties;

(iii)theft, embezzlement, fraud, act or acts of dishonesty undertaken by you with the intent of resulting or actually resulting in personal gain or enrichment of you or others at the expense of the Company and/or your conviction of a felony;

(iv)breach of confidentiality or unauthorized disclosure or use of inside information, recipes, processes, customer, vendor or employee lists, trade secrets or other proprietary information;

(v)the violation of any law, rule, or regulation of any governmental authority or breach of the Company’s policies and procedures including, without limitation, the Company’s Code of Integrity, Ethics and Conduct and/or any of its anti-harassment and anti- discrimination policies;

(vi)a material breach of the terms and conditions of this Agreement;

(vii)conduct that is injurious to the reputation, business or assets of the Company.

You will not be eligible for the severance payments or benefits set forth herein if you resign from your employment with the Company for any reason or voluntarily terminate your employment.

13.Trade Secrets/Confidentiality. You hereby acknowledge that, as a result of your position with the Company, the Company will give you access to the Company’s proprietary and confidential information and trade secrets. Therefore, as a condition of your employment and the Company’s disclosing such proprietary and confidential information to you, you agree to sign and be bound by a Trade Secrets/Confidentiality Agreement. If you have any proprietary materials, documents, electronic data or other proprietary information of your former employer(s) in your possession, you must return all originals and copies of such proprietary information, including any copies of electronically stored information from your former employers’ computer systems, email, or other electronic storage devices, and must not retain any such copies before your start date with the Company. The Company also prohibits you from disclosing or using any proprietary or confidential information of any former employer in the course of your employment with the Company or from sharing any such proprietary materials or information with anyone at the Company.

14.Arbitration Agreement. As a condition of your employment, you agree to sign and be bound by a Mutual Arbitration Agreement, pursuant to which you and the Company will resolve any disputes that arise between you and the Company about your employment, to the extent permitted by law.

15.Company Policies. You will be required to comply with the Company’s policies and procedures, as they may be constituted from time to time, including but not limited to those set forth in BJ’s Restaurants Restaurant Support Center Handbook and Code of Integrity, Ethics and Conduct. Notwithstanding, the terms set forth in this Agreement or any other written fully executed agreement between you and the Chief Executive Officer of the Company shall prevail over conflicting Company policies and procedures.

16.Entire Understanding of Agreement. By signing this letter, you acknowledge that the terms described in this letter set forth the entire understanding between the parties concerning the terms of your employment and supersede all prior representations, understandings and agreements, either oral or in writing, between the parties hereto with respect to the terms of your employment by the Company. All such prior representations, understandings and agreements, both oral and written, are hereby terminated. However, nothing in this paragraph is intended to, nor does it, affect additional written agreements entered into by the parties contemporaneous with or subsequent to this agreement, including, without limitation, the Trade Secrets/Confidentiality and Arbitration Agreement referenced in Paragraphs 13 and 14 above. No term or provision of this letter may be amended, waived, released, discharged or modified except in writing, signed by you and an authorized officer of the Company.

17.At Will Employment. This letter is not intended to constitute a contract of employment but is merely intended to outline certain details of our offer of employment to you. Your employment with the Company is not for any specific period of time and is “at will.” This means that both you and the Company reserve the right to terminate the employment relationship at any time, with or without notice, for any or no particular reason or cause. While the terms of your employment and compensation may change from time to time, the “at-will” nature of your employment with the Company will not and cannot change.

18.Severability. If any provision contained in this letter is determined to be void, illegal or unenforceable, in whole or in part, then the other provisions contained herein shall remain in full force and effect as if the provision which was determined to be void, illegal, or unenforceable had not been contained herein.

The terms of this offer of employment expire in ten (10) days from the date hereof. Please acknowledge your acceptance of this offer of employment on the terms indicated by signing the enclosed copy of this letter and returning it to me as soon as possible.

We are excited to bring you onto the BJ’s team! Please do not hesitate to call me if you have any questions.

Sincerely,

/s/ LYLE TICK

Lyle Tick

President & Chief Concept Officer

BJ’s Restaurants, Inc.

I accept the above offer of employment with BJ’s Restaurants, Inc. on the terms described in this letter

/s/ JENNIFER JAFFE 04/21/2025

Jennifer Jaffe Date

EX-31

Exhibit 31

BJ’S RESTAURANTS, INC.

Certification of Chief Executive Officer

I, Lyle D. Tick, certify that:

1.I have reviewed this quarterly report on Form 10-Q for BJ’s Restaurants, Inc. (the “registrant”);

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors:

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 5, 2026	By:	/s/ LYLE D. TICK
		Lyle D. Tick
		Chief Executive Officer, President and Director
		(Principal Executive Officer)

BJ’S RESTAURANTS, INC.

Certification of Principal Financial Officer

I, J. Todd Wilson certify that:

1.I have reviewed this quarterly report on Form 10-Q for BJ’s Restaurants, Inc. (the “registrant”);

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors:

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 5, 2026	By:	/s/ J. TODD WILSON
		J. Todd Wilson
		Executive Vice President and Chief Financial Officer
		(Principal Financial and Accounting Officer)

EX-32

Exhibit 32

BJ’S RESTAURANTS, INC.

CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In accordance with 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned Lyle D. Tick, Chief Executive Officer and President of the Company, and J. Todd Wilson, Chief Financial Officer of the Company, certify to their knowledge:

(1) The Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2026, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

In Witness Whereof, each of the undersigned has signed this Certification as of this May 5, 2026.

/s/ LYLE D. TICK	/s/ J. TODD WILSON
Lyle D. Tick	J. Todd Wilson
Chief Executive Officer, President and Director	Executive Vice President and Chief Financial Officer
(Principal Executive Officer)	(Principal Financial and Accounting Officer)

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2026	May 01, 2026
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2026
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Trading Symbol	BJRI
Entity Registrant Name	BJ’S RESTAURANTS, INC.
Entity Central Index Key	0001013488
Current Fiscal Year End Date	--01-03
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		21,016,924
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	0-21423
Entity Tax Identification Number	33-0485615
Entity Address, Address Line One	7755 Center Avenue
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Huntington Beach
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92647
City Area Code	714
Local Phone Number	500-2400
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	CA
Document Quarterly Report	true
Document Transition Report	false

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 30, 2025
Current assets:
Cash and cash equivalents	$ 22,671	$ 23,781
Accounts and other receivables, net	14,624	18,391
Inventories, net	12,824	13,106
Prepaid expenses and other current assets	10,268	19,647
Total current assets	60,387	74,925
Property and equipment, net	506,959	502,108
Operating lease assets	310,128	314,178
Goodwill	4,673	4,673
Equity method investment	4,029	4,083
Deferred income taxes, net	68,167	67,300
Other assets, net	44,724	48,188
Total assets	999,067	1,015,455
Current liabilities:
Accounts payable	44,933	38,353
Accrued expenses	104,250	105,336
Current operating lease obligations	44,292	44,086
Total current liabilities	193,475	187,775
Long-term operating lease obligations	356,360	361,672
Long-term debt	62,000	85,000
Other liabilities	14,702	14,815
Total liabilities	626,537	649,262
Commitments and contingencies
Shareholders’ equity:
Preferred stock, 5,000 shares authorized, none issued or outstanding
Common stock, no par value, 125,000 shares authorized and 21,050 and 21,114 shares issued and outstanding as of March 31, 2026 and December 30, 2025, respectively
Capital surplus	73,326	75,020
Retained earnings	299,204	291,173
Total shareholders’ equity	372,530	366,193
Total liabilities and shareholders’ equity	$ 999,067	$ 1,015,455

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2026	Dec. 30, 2025
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	21,050,000	21,114,000
Common stock, shares outstanding	21,050,000	21,114,000

XML

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Income Statement [Abstract]
Revenues	$ 358,118	$ 347,973
Restaurant operating costs (excluding depreciation and amortization):
Cost of sales	89,912	86,820
Labor and benefits	129,878	125,652
Occupancy and operating	81,166	79,911
General and administrative	21,966	21,752
Depreciation and amortization	22,812	18,277
Restaurant opening	15	438
Loss on disposal and impairment of assets, net	1,746	173
Total costs and expenses	347,495	333,023
Income from operations	10,623	14,950
Other income (expense):
Interest expense, net	(1,088)	(1,230)
Other expense, net	(446)	(61)
Total other expense	(1,534)	(1,291)
Income before income taxes	9,089	13,659
Income tax (benefit) expense	55	167
Net income	$ 9,034	$ 13,492
Net income per share:
Basic	$ 0.43	$ 0.59
Diluted	$ 0.41	$ 0.58
Weighted average number of shares outstanding:
Basic	21,157	22,683
Diluted	21,892	23,284

XML

Unaudited Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]
Beginning Balance at Dec. 31, 2024	$ 370,017		$ 77,576	$ 292,441
Beginning Balance (in shares) at Dec. 31, 2024		22,697
Exercise of stock options	680	$ 1,076	(396)
Exercise of stock options (in shares)		23
Issuance of restricted stock units	(649)	$ 4,510	(5,159)
Issuance of restricted stock units (in shares)		120
Repurchase, retirement and reclassification of common stock	(14,099)	$ (5,586)		(8,513)
Repurchase, retirement and reclassification of common stock (in shares)		(404)
Stock-based compensation	2,040		2,040
Net income	13,492			13,492
Ending Balance at Apr. 01, 2025	371,481		74,061	297,420
Ending Balance (in shares) at Apr. 01, 2025		22,436
Beginning Balance at Dec. 30, 2025	366,193		75,020	291,173
Beginning Balance (in shares) at Dec. 30, 2025		21,114
Exercise of stock options	$ 426	$ 1,419	(993)
Exercise of stock options (in shares)	12	12
Issuance of restricted stock units	$ (473)	$ 2,880	(3,353)
Issuance of restricted stock units (in shares)		75
Repurchase, retirement and reclassification of common stock	$ (5,302)	$ (4,299)		(1,003)
Repurchase, retirement and reclassification of common stock (in shares)	(200)	(151)
Stock-based compensation	$ 2,652		2,652
Net income	9,034			9,034
Ending Balance at Mar. 31, 2026	$ 372,530		$ 73,326	$ 299,204
Ending Balance (in shares) at Mar. 31, 2026		21,050

XML

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2026	Apr. 01, 2025
Cash flows from operating activities:
Net income		$ 9,034	$ 13,492
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	[1]	22,995	18,277
Non-cash lease expense		8,865	8,441
Amortization of financing costs		58	55
Deferred income taxes, net		(867)	(1,418)
Stock-based compensation expense		2,567	1,950
Loss on disposal and impairment of assets, net		1,746	173
Equity method investment		54	159
Changes in assets and liabilities:
Accounts and other receivables, net		4,817	4,082
Inventories, net		282	588
Prepaid expenses and other current assets		1,495	3,172
Other assets, net		(27)	273
Accounts payable		4,134	(30,891)
Accrued expenses		(1,086)	3,070
Operating lease obligations		(10,971)	(15,724)
Other liabilities		(113)	(1,078)
Net cash provided by operating activities		42,983	4,621
Cash flows from investing activities:
Purchases of property and equipment		(15,801)	(16,683)
Proceeds from disposal of assets		57	36
Net cash used in investing activities		(15,744)	(16,647)
Cash flows from financing activities:
Borrowings on credit facility		260,529	218,500
Payments on credit facility		(283,529)	(199,500)
Taxes paid on vested stock units under employee plans		(473)	(649)
Proceeds from exercise of stock options		426	680
Repurchase of common stock		(5,302)	(14,099)
Net cash (used in) provided by financing activities		(28,349)	4,932
Net decrease in cash and cash equivalents		(1,110)	(7,094)
Cash and cash equivalents, beginning of period		23,781	26,096
Cash and cash equivalents, end of period		22,671	19,002
Supplemental disclosure of cash flow information:
Cash paid for income taxes		552	1,248
Cash paid for interest, net of capitalized interest		856	914
Cash paid for operating lease obligations		16,633	16,209
Supplemental disclosure of non-cash investing and financing activities:
Operating lease assets obtained in exchange for operating lease obligations		5,865	2,694
Property and equipment acquired and included in accounts payable		3,594	4,855
Stock-based compensation capitalized	[2]	$ 85	$ 90

[1] The thirteen weeks ended March 31, 2026 includes $183,000 of depreciation expense related to brewery operations, which is recorded as Cost of sales on our Consolidated Statements of Income.

[2] Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

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Unaudited Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2026 USD ($)
Statement of Cash Flows [Abstract]
Depreciation Expense	$ 183,000

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Pay vs Performance Disclosure
Net Income (Loss)	$ 9,034	$ 13,492

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Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Basis of Presentation

3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Basis of Presentation

1. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company,” “we,” “us” and “our”) and our wholly owned subsidiaries. The consolidated financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial condition, results of operations, shareholders’ equity and cash flows for the periods presented. Our consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules.

The preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates. Our operating results for the thirteen weeks ended March 31, 2026 may not be indicative of operating results for the entire year.

A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the fiscal year ended December 30, 2025. The disclosures included in our accompanying interim consolidated financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K and our other reports filed from time to time with the Securities and Exchange Commission.

Recently Issued Accounting Standards

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic: 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU modernizes certain aspects of the accounting for software costs to develop or obtain software for internal use under Accounting Standards Codification 350-40. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project, and it is probable that the project will be completed and the software will be used for its intended purpose. The guidance is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new ASU on our consolidated financial statements and related disclosures.

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Revenue Recognition

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenue Recognition

2. REVENUE RECOGNITION

Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Revenues from restaurant sales are recognized when payment is tendered. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected from the credit card processor. We sell gift cards which do not have an expiration date, and we do not deduct non-usage fees from outstanding gift card balances. Gift card sales are recorded as a liability and recognized as revenues upon redemption in our restaurants. Based on historical redemption rates, a portion of our gift card sales are not expected to be redeemed and will be recognized as gift card “breakage.” Estimated gift card breakage is recorded as revenue and recognized in proportion to our historical redemption pattern, unless there is a legal obligation to remit the unredeemed gift cards to government authorities.

Our “BJ’s Premier Rewards Plus” guest loyalty program enables participants to earn points for qualifying purchases that can be redeemed for food and beverages in the future. We allocate the transaction price between the goods delivered and the future goods that will be delivered on a relative standalone selling price basis, and defer the revenues allocated to the points, less expected expirations, until such points are redeemed.

The liability related to our gift card and loyalty program, included in “Accrued expenses” on our Consolidated Balance Sheets is as follows (in thousands):

	March 31, 2026		December 30, 2025
Gift card liability	$	12,191	$	16,060
Deferred loyalty revenue	$	2,726	$	3,023

Revenue recognized for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year is as follows (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Revenue recognized from gift card liability	$	5,631	$	5,770
Revenue recognized from guest loyalty program	$	6,883	$	5,746

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Leases

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Leases

3. LEASES

We determine if a contract contains a lease at inception. Our material operating leases consist of restaurant locations and office space. U.S. GAAP requires that our leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date, and the lease term used in the evaluation includes the non-cancellable period for which we have the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option would result in an economic penalty. All of our restaurant and office space leases are classified as operating leases. We have elected to account for lease and non-lease components as a single lease component for office and beverage equipment. We do not have any finance leases.

Lease costs included in “Occupancy and operating” on the Consolidated Statements of Income consisted of the following (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Lease cost	$	14,480	$	14,676
Variable lease cost		970		942
Total lease costs	$	15,450	$	15,618

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Long-Term Debt

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Long-Term Debt

4. LONG-TERM DEBT

Line of Credit

On May 30, 2025, we entered into a Fifth Amended and Restated Credit Agreement (“Credit Facility”) with Bank of America, N.A. (“BofA”), JPMorgan Chase Bank, N.A., and certain other parties to amend and restate our revolving line of credit (the “Line of Credit”) to extend the maturity date, obtain a swingline subfacility, modify the interest rate, and revise certain loan covenants.

Our Credit Facility matures on May 30, 2030, and provides us with revolving loan commitments totaling $215 million, which may be increased up to $315 million, of which $50 million may be used for the issuance of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. On March 31, 2026, there were borrowings of $62.0 million and letters of credit of $15.6 million outstanding, leaving $137.4 million available to borrow.

Borrowings under the Line of Credit bear interest at an annual rate equal to either (a) the Secured Overnight Financing Rate (“Term SOFR”), adjusted by 10 basis points regardless of the duration of the Term SOFR, plus a percentage not to exceed 2.00%, or (b) the Base Rate plus a percentage not to exceed 1.00%. As with swingline loans: (i) the percentage adjustment depends on the level of lease and debt obligations of the Company as compared to EBITDA and lease expenses; and (ii) there is a floor of 0.00% on Term SOFR plus the 10 basis point adjustment. The weighted average interest rate during the thirteen weeks ended March 31, 2026 and April 1, 2025 was approximately 5.0% and 6.0%, respectively.

The Credit Agreement contains certain representations and warranties, affirmative and negative covenants and events of default that are customary for credit arrangements of this type, including covenants which restrict or limit the Company’s ability to, among other things, create liens, borrow money (other than purchase money indebtedness and trade credit, lease obligations incurred in the ordinary course, and similar ordinary course liabilities), make dividends, and engage in mergers, consolidations, significant asset sales, stock repurchases and certain other transactions. On March 31, 2026, we were in compliance with these covenants.

Pursuant to the Credit Agreement, the Company will be required to pay certain customary fees and expenses associated with maintenance and use of the Line of Credit including letter of credit issuance fees and unused commitment fees. Interest expense and commitment fees under the Credit Facility were approximately $1.1 million and $1.2 million, for the thirteen weeks ended March 31, 2026 and April 1, 2025, respectively. We also capitalized approximately $0.1 million of interest expense related to new restaurant construction and remodels during each of the thirteen weeks ended March 31, 2026 and April 1, 2025.

Additionally, we capitalized approximately $0.8 million of fees related to the Fifth Amended and Restated Credit Agreement, which are being amortized over the remaining term of the Credit Facility. These fees are presented as an asset and recorded in “Other assets, net” on our Consolidated Balance Sheets. For each of the thirteen weeks ended March 31, 2026 and April 1, 2025, we amortized $0.1 million of these fees, which is included as a component of “Interest expense, net” on our Consolidated Statements of Income. At March 31, 2026 and April 1, 2025, unamortized fees were $1.0 million and $0.4 million, respectively.

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Net Income Per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Net Income Per Share

5. NET INCOME PER SHARE

Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based RSUs are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation.

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards included in the dilutive net income per share computation (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Numerator:
Net income	$	9,034	$	13,492
Denominator:
Weighted-average shares outstanding – basic		21,157		22,683
Dilutive effect of equity awards		735		601
Weighted-average shares outstanding – diluted		21,892		23,284
Net income per share:
Basic	$	0.43	$	0.59
Diluted	$	0.41	$	0.58

For each of the thirteen weeks ended March 31, 2026 and April 1, 2025, there were approximately 0.4 million and 0.9 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

6. STOCK-BASED COMPENSATION

Our current shareholder approved stock-based compensation plan is the BJ’s Restaurants, Inc. 2024 Equity Incentive Plan, (as it may be amended from time to time, “the Plan”). Under the Plan, we may issue shares of our common stock to team members, officers, directors and consultants. We grant non-qualified stock options, and service- and performance-based RSUs. Since fiscal 2024, we also grant performance-based RSUs with market-based metrics. Additionally, we issue service-based RSUs in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”), a long-term equity incentive program under the Plan for our restaurant general managers, executive kitchen managers, directors of operations and directors of kitchen operations. All GSSOP participants are required to remain in good standing during their vesting period.

All options granted under the Plan expire within 10 years of their date of grant. Awards of stock options or stock appreciation rights are charged against the Plan share reserve on the basis of one share for each option granted. All other awards are charged against the 2024 Plan share reserve on the basis of 1.5 shares for each award unit granted. We estimate forfeitures based on historical data and we take into consideration future expectations. The Plan also contains other limits on the terms of incentive grants such as the maximum number that can be granted to a team member during any fiscal year.

We use the Black-Scholes option-pricing model to determine the fair value of our stock options, and we use the Monte Carlo simulation model to determine the fair value of our performance-based RSUs that include a market-based metric. Both valuation models require management to make assumptions regarding stock price, volatility, the expected life of the award, risk-free interest rate and expected dividend yield. The fair value of service-based and performance-based RSUs without market-based metrics, is equal to the fair value of our common stock at market close on the grant date, or the last trading day prior to the grant date if the grant occurs on a day when the market is closed.

The grant date fair value of each stock option, service-based RSU, and performance-based RSU with market-based metrics is recognized as stock-based compensation expense on a straight-line basis over the applicable vesting period (e.g., one, three or five years). For performance-based RSUs without market-based metrics, stock-based compensation expense recognition is recognized based on the estimated number of awards that is expected to vest, which is reassessed each reporting period based on management’s current estimate of achievement of the applicable performance goals. Forfeitures are estimated based on historical experience and adjusted for future expectations.

The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan. Stock options and service-based RSUs cliff vest at one year or ratably over three years for non-GSSOP participants, and either cliff vest at five years or cliff vest at 33% on the third anniversary and 67% on the fifth anniversary for GSSOP participants. Performance-based RSUs cliff vest on the third anniversary of the grant date in an amount from 0% to 150% of the grant quantity, depending on the level of performance target achievement.

The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Labor and benefits	$	865	$	400
General and administrative		1,702		1,550
Capitalized (1)		85		90
Total stock-based compensation	$	2,652	$	2,040

(1)Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

Stock Options

The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the assumptions below for the thirteen weeks ended April 1, 2025. There were no stock options granted during the thirteen weeks ended March 31, 2026; accordingly, no valuation assumptions were required.

	For the Thirteen Weeks Ended
	March 31, 2026	April 1, 2025
Volatility	n/a		67.9	%
Risk-free interest rate	n/a		4.6	%
Expected life (years)	n/a	5
Expected dividend yield	n/a		—	%
Fair value of options granted	n/a	$	20.62

Under the Plan and prior stock-based compensation plans, under which options are currently outstanding, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:

	Options Outstanding					Options Exercisable
	Shares (in thousands)			Weighted Average Exercise Price		Shares (in thousands)		Weighted Average Exercise Price
Outstanding at December 30, 2025		717		$	39.39		538	$	40.64
Granted		—			—
Exercised		(12	)		40.26
Forfeited		(20	)		42.21
Outstanding at March 31, 2026		685		$	39.33		556	$	39.87

As of March 31, 2026, total unrecognized stock-based compensation expense related to non-vested stock options was approximately $1.6 million, which is expected to be recognized over a weighted average remaining recognition period of 1.5 years.

Restricted Stock Units

Service-Based Restricted Stock Units

The following table presents service-based restricted stock unit activity:

	Shares (in thousands)			Weighted Average Fair Value
Outstanding at December 30, 2025		705		$	32.62
Granted		106			45.50
Released		(71	)		34.25
Forfeited		(17	)		34.64
Outstanding at March 31, 2026		723		$	34.30

As of March 31, 2026, total unrecognized stock-based compensation expense related to non-vested service-based RSUs was approximately $12.3 million, which is weighted average remaining recognition period of 2.8 years.

Performance-Based Restricted Stock Units

The following table presents performance-based restricted stock unit activity:

	Shares (in thousands)			Weighted Average Fair Value
Outstanding at December 30, 2025		118		$	36.63
Granted		100			51.99
Released		(14	)		31.34
Forfeited		(2	)		40.61
Outstanding at March 31, 2026		202		$	44.54

The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Volatility		42.6	%		47.1	%
Risk-free interest rate		3.6	%		4.3	%
Expected life (years)		3		3
Expected dividend yield		—	%		—	%
Fair value of market-based awards granted	$	51.99		$	34.28

As of March 31, 2026, the total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $5.4 million, which is expected to be recognized over a weighted average remaining recognition period of 2.4 years.

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Income Taxes

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Income Taxes

7. INCOME TAXES

We calculate our interim income tax provision in accordance with ASC Topic 270, “Interim Reporting” and ASC Topic 740, “Accounting for Income Taxes.” The Company calculates its provision for income taxes at the end of each interim reporting period by computing an estimated annual effective tax rate adjusted for tax items that are discrete to each period. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain significant estimates and judgment including the expected operating income for the year, permanent and temporary differences because of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.

Our effective income tax rate for the thirteen weeks ended March 31, 2026 was an expense rate of 0.6% compared to 1.2% for the comparable thirteen weeks ended April 1, 2025. The effective tax rate expense for the thirteen weeks ended March 31, 2026 and April 1, 2025, respectively, was different from the statutory tax rate primarily as a result of significant Federal Insurance Contributions Act (“FICA”) tax tip credits.

As of March 31, 2026, we had unrecognized tax benefits of approximately $0.8 million, which, if reversed, would impact our effective tax rate.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is the following (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Beginning gross unrecognized tax benefits	$	794	$	874
Increases for tax positions taken in prior years		22		33
Ending gross unrecognized tax benefits	$	816	$	907

Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of March 31, 2026, the earliest tax year still subject to examination by the Internal Revenue Service is 2022. The earliest year still subject to examination by a significant state or local taxing authority is 2021.

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Legal Proceedings

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

8. LEGAL PROCEEDINGS

We are subject to lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from guests, team members and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability, team member workers’ compensation and employment practice liability insurance requirements. We maintain coverage with a third-party insurer to limit our total exposure. We believe that most of our claims will be covered by our insurance, subject to coverage limits and the portion of such claims that are self-insured; however, punitive damages awards are not covered by our insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our

future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.

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Shareholders' Equity

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Shareholders' Equity

9. SHAREHOLDERS’ EQUITY

Stock Repurchases

During the thirteen weeks ended March 31, 2026, we repurchased and retired approximately 0.2 million shares of our common stock at an average price of $35.01 per share for approximately $5.3 million, which is recorded as a reduction in common stock, with any excess charged to retained earnings. As of March 31, 2026, we had $87.9 million available under our authorized $675 million share repurchase program. Repurchases may be made at any time.

Cash Dividends

We currently do not pay any cash dividends. Any payment of quarterly cash dividends will be subject to our Board of Directors determining that the payment of dividends is in the best interest of the Company and its shareholders.

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Related Party Transactions

3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

Related Party Transactions

10. RELATED PARTY TRANSACTIONS

BJ's Act III, LLC

Pursuant to the terms of a Cooperation Agreement, dated December 30, 2024 and amended on November 14, 2025, with Act III Holdings, LLC (with its affiliates, “Act III”) (the “Act III Cooperation Agreement”), Act III is subject to customary standstill restrictions and will vote all shares of Common Stock beneficially owned by them in accordance with the Board’s recommendations (unless, with respect to proposals other than Board elections, ISS or Glass Lewis recommends a different vote). A more detailed description of the Act III Cooperation Agreement is contained in our Current Reports on Form 8-K filed with the SEC on January 2, 2025 and November 17, 2025.

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Segment Information

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Information

11. SEGMENT INFORMATION

We currently operate in one operating segment: full-service company-owned restaurants and in one geographic area: the United States of America. We do not have intra-entity sales or transfers. Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Our Chief Operating Decision Maker (“CODM”) is our Chief Executive Officer and President, and he assesses performance and decides how to allocate resources based on income from operations, which is also reported on our Consolidated Statements of Income. Additionally, the measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business.

Reported segment revenue and expenses is presented below (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Revenues	$	358,118		$	347,973
Less:
Cost of sales		89,440			86,435
Labor and benefits		126,594			123,171
Occupancy and operating		84,922			82,777
Other segment items (1)		23,727			22,363
Depreciation and amortization		22,812			18,277
Income from operations		10,623			14,950
Reconciliation to net income:
Interest expense, net		(1,088	)		(1,230	)
Other expense, net		(446	)		(61	)
Income tax expense		(55	)		(167	)
Net income	$	9,034		$	13,492

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.

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Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company,” “we,” “us” and “our”) and our wholly owned subsidiaries. The consolidated financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial condition, results of operations, shareholders’ equity and cash flows for the periods presented. Our consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules.

The preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates. Our operating results for the thirteen weeks ended March 31, 2026 may not be indicative of operating results for the entire year.

A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the fiscal year ended December 30, 2025. The disclosures included in our accompanying interim consolidated financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K and our other reports filed from time to time with the Securities and Exchange Commission.

Recently Issued Accounting Standards

Recently Issued Accounting Standards

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic: 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU modernizes certain aspects of the accounting for software costs to develop or obtain software for internal use under Accounting Standards Codification 350-40. The ASU requires entities to begin capitalizing software costs when management authorizes and commits to funding the software project, and it is probable that the project will be completed and the software will be used for its intended purpose. The guidance is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years, and early adoption is permitted. We are currently evaluating the impact of adopting this new ASU on our consolidated financial statements and related disclosures.

Net Income Per Share

Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based RSUs are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation.

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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Gift Card Liability and Loyalty Program Included in Accrued Expenses on Consolidated Balance Sheets

The liability related to our gift card and loyalty program, included in “Accrued expenses” on our Consolidated Balance Sheets is as follows (in thousands):

	March 31, 2026		December 30, 2025
Gift card liability	$	12,191	$	16,060
Deferred loyalty revenue	$	2,726	$	3,023

Revenue Recognized for Redemption of Gift Cards and Loyalty Rewards Deferred

Revenue recognized for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year is as follows (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Revenue recognized from gift card liability	$	5,631	$	5,770
Revenue recognized from guest loyalty program	$	6,883	$	5,746

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Leases (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Summary of Lease Costs

Lease costs included in “Occupancy and operating” on the Consolidated Statements of Income consisted of the following (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Lease cost	$	14,480	$	14,676
Variable lease cost		970		942
Total lease costs	$	15,450	$	15,618

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Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards Included in Dilutive Net Income Per Share Computation

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards included in the dilutive net income per share computation (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Numerator:
Net income	$	9,034	$	13,492
Denominator:
Weighted-average shares outstanding – basic		21,157		22,683
Dilutive effect of equity awards		735		601
Weighted-average shares outstanding – diluted		21,892		23,284
Net income per share:
Basic	$	0.43	$	0.59
Diluted	$	0.41	$	0.58

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Stock-Based Compensation Recognized within Our Consolidated Financial Statements

The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Labor and benefits	$	865	$	400
General and administrative		1,702		1,550
Capitalized (1)		85		90
Total stock-based compensation	$	2,652	$	2,040

(1)Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

Black-Scholes Option-Pricing Model, Assumptions to Estimate the Fair Value of Each Stock Option

The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the assumptions below for the thirteen weeks ended April 1, 2025. There were no stock options granted during the thirteen weeks ended March 31, 2026; accordingly, no valuation assumptions were required.

	For the Thirteen Weeks Ended
	March 31, 2026	April 1, 2025
Volatility	n/a		67.9	%
Risk-free interest rate	n/a		4.6	%
Expected life (years)	n/a	5
Expected dividend yield	n/a		—	%
Fair value of options granted	n/a	$	20.62

Stock Option Activity

Under the Plan and prior stock-based compensation plans, under which options are currently outstanding, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:

	Options Outstanding					Options Exercisable
	Shares (in thousands)			Weighted Average Exercise Price		Shares (in thousands)		Weighted Average Exercise Price
Outstanding at December 30, 2025		717		$	39.39		538	$	40.64
Granted		—			—
Exercised		(12	)		40.26
Forfeited		(20	)		42.21
Outstanding at March 31, 2026		685		$	39.33		556	$	39.87

Service-Based Restricted Stock Units

Restricted Stock Unit Activity

The following table presents service-based restricted stock unit activity:

	Shares (in thousands)			Weighted Average Fair Value
Outstanding at December 30, 2025		705		$	32.62
Granted		106			45.50
Released		(71	)		34.25
Forfeited		(17	)		34.64
Outstanding at March 31, 2026		723		$	34.30

Market-Based and Performance-Based Restricted Stock Units

Monte Carlo Simulation Model, Weighted Average Assumptions Used to Estimate the Fair Value of Performance-Based RSUs

The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Volatility		42.6	%		47.1	%
Risk-free interest rate		3.6	%		4.3	%
Expected life (years)		3		3
Expected dividend yield		—	%		—	%
Fair value of market-based awards granted	$	51.99		$	34.28

Performance-Based Restricted Stock Units

Restricted Stock Unit Activity

The following table presents performance-based restricted stock unit activity:

	Shares (in thousands)			Weighted Average Fair Value
Outstanding at December 30, 2025		118		$	36.63
Granted		100			51.99
Released		(14	)		31.34
Forfeited		(2	)		40.61
Outstanding at March 31, 2026		202		$	44.54

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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is the following (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026		April 1, 2025
Beginning gross unrecognized tax benefits	$	794	$	874
Increases for tax positions taken in prior years		22		33
Ending gross unrecognized tax benefits	$	816	$	907

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Summary of Reported Segment Revenue and Expenses

Reported segment revenue and expenses is presented below (in thousands):

	For the Thirteen Weeks Ended
	March 31, 2026			April 1, 2025
Revenues	$	358,118		$	347,973
Less:
Cost of sales		89,440			86,435
Labor and benefits		126,594			123,171
Occupancy and operating		84,922			82,777
Other segment items (1)		23,727			22,363
Depreciation and amortization		22,812			18,277
Income from operations		10,623			14,950
Reconciliation to net income:
Interest expense, net		(1,088	)		(1,230	)
Other expense, net		(446	)		(61	)
Income tax expense		(55	)		(167	)
Net income	$	9,034		$	13,492

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.

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Gift Card Liability and Loyalty Program Included in Accrued Expenses on Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Gift card liability	$ 12,191	$ 16,060
Deferred loyalty revenue	$ 2,726	$ 3,023

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Revenue Recognized for Redemption of Gift Cards and Loyalty Rewards Deferred (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Disaggregation of Revenue [Abstract]
Revenue recognized from gift card liability	$ 5,631	$ 5,770
Revenue recognized from guest loyalty program	$ 6,883	$ 5,746

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Leases - Summary of Lease Costs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Leases [Abstract]
Lease cost	$ 14,480	$ 14,676
Variable lease cost	970	942
Total lease costs	$ 15,450	$ 15,618

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Long-Term Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Line of Credit Facility [Line Items]
Loan agreement, initiation Date	May 30, 2025
Weighted average interest rate	5.00%	6.00%
Floor rate	0.00%
Credit Facility Debt Instrument
Line of Credit Facility [Line Items]
Loan agreement, expiration date	May 30, 2030
Revolving loan commitments under loan agreement	$ 215.0
Line of credit outstanding amount	62.0
Letters of credit outstanding amount	15.6
Available borrowings under credit facility	137.4
Interest expense and commitment fees	1.1	$ 1.2
Interest expense on line of credit	0.1	0.1
Debt instrument fees	0.8
Amortized related fees	0.1	0.1
Unamortized fees	1.0	$ 0.4
Letter of Credit
Line of Credit Facility [Line Items]
Revolving loan commitments under loan agreement	$ 50.0
SOFR
Line of Credit Facility [Line Items]
Debt instrument, description of variable rate basis	Term SOFR plus the 10 basis
Maximum | Credit Facility Debt Instrument
Line of Credit Facility [Line Items]
Increase in line of credit	$ 315.0
Maximum | SOFR | Credit Facility Debt Instrument
Line of Credit Facility [Line Items]
Line of credit, adjustment to interest rate	2.00%
Minimum | Base Rate
Line of Credit Facility [Line Items]
Line of credit, adjustment to interest rate	1.00%

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Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards Included in Dilutive Net Income Per Share Computation (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Earnings Per Share [Abstract]
Net income	$ 9,034	$ 13,492
Weighted-average shares outstanding – basic	21,157	22,683
Dilutive effect of equity awards	735	601
Weighted-average shares outstanding – diluted	21,892	23,284
Net income per share:
Basic	$ 0.43	$ 0.59
Diluted	$ 0.41	$ 0.58

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Net Income Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Equity Awards and Warrants
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of net income per share	0.4	0.9

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Stock-Based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares charged to reserve per option granted | shares	1
Number of shares charged to reserve per award unit granted | shares	1.5
Expiration term of stock options	10 years
Vesting terms	The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan.
Stock options granted | shares	0
Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	1 year
Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Stock Options and Service-based RSUs [Member] | Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	1 year
Stock Options and Service-based RSUs [Member] | Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Stock Options and Service-based RSUs [Member] | Cliff Vesting Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%
Stock Options and Service-based RSUs [Member] | Cliff Vesting Fifth Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	67.00%
Stock Options and Service-based RSUs [Member] | Cliff Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense | $	$ 1.6
Unrecognized stock-based compensation expenses recognition period (in years)	1 year 6 months
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense | $	$ 5.4
Unrecognized stock-based compensation expenses recognition period (in years)	2 years 4 months 24 days
Performance-Based Restricted Stock Units | Minimum | Cliff Vesting Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	0.00%
Performance-Based Restricted Stock Units | Maximum | Cliff Vesting Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	150.00%
Service-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense | $	$ 12.3
Unrecognized stock-based compensation expenses recognition period (in years)	2 years 9 months 18 days

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Stock-Based Compensation Recognized within Our Consolidated Financial Statements (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2026	Apr. 01, 2025
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation		$ 2,652	$ 2,040
Capitalized	[1]	85	90
Labor and benefits
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation		865	400
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation		$ 1,702	$ 1,550

[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

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Black-Scholes Option-Pricing Model, Assumptions to Estimate the Fair Value of Each Stock Option (Detail)	3 Months Ended
	Apr. 01, 2025 $ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Volatility	67.90%
Risk-free interest rate	4.60%
Expected life (years)	5 years
Fair value of options granted	$ 20.62

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Stock Option Activity (Detail)	3 Months Ended
	Mar. 31, 2026 $ / shares shares
Options Outstanding, Shares
Outstanding, Beginning Balance | shares	717,000
Granted | shares	0
Exercised | shares	(12,000)
Forfeited | shares	(20,000)
Outstanding, Ending Balance | shares	685,000
Options Outstanding, Weighted Average Exercise Price
Outstanding, Beginning Balance | $ / shares	$ 39.39
Granted | $ / shares	0
Exercised | $ / shares	40.26
Forfeited | $ / shares	42.21
Outstanding, Ending Balance | $ / shares	$ 39.33
Options Exercisable, Shares
Options Exercisable Outstanding, Beginning Balance | shares	538,000
Options Exercisable Outstanding, Ending Balance | shares	556,000
Options Exercisable, Weighted Average Exercise Price
Options Exercisable, Beginning Balance | $ / shares	$ 40.64
Options Exercisable, Ending Balance | $ / shares	$ 39.87

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Service-Based Restricted Stock Unit Activity (Detail) - Service-Based Restricted Stock Units shares in Thousands	3 Months Ended
	Mar. 31, 2026 $ / shares shares
Shares Outstanding
Outstanding Beginning Balance, Shares | shares	705
Granted, Shares | shares	106
Released. Shares | shares	(71)
Forfeited, Shares | shares	(17)
Outstanding Ending Balance, Shares | shares	723
Weighted Average Fair Value
Outstanding Beginning Balance, Weighted Average Fair Value | $ / shares	$ 32.62
Granted, Weighted Average Fair Value | $ / shares	45.5
Released, Weighted Average Fair Value | $ / shares	34.25
Forfeited, Weighted Average Fair Value | $ / shares	34.64
Outstanding Ending Balance, Weighted Average Fair Value | $ / shares	$ 34.3

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Performance-Based Restricted Stock Unit Activity (Detail) - Performance-Based Restricted Stock Units shares in Thousands	3 Months Ended
	Mar. 31, 2026 $ / shares shares
Shares Outstanding
Outstanding Beginning Balance, Shares | shares	118
Granted, Shares | shares	100
Released. Shares | shares	(14)
Forfeited, Shares | shares	(2)
Outstanding Ending Balance, Shares | shares	202
Weighted Average Fair Value
Outstanding Beginning Balance, Weighted Average Fair Value | $ / shares	$ 36.63
Granted, Weighted Average Fair Value | $ / shares	51.99
Released, Weighted Average Fair Value | $ / shares	31.34
Forfeited, Weighted Average Fair Value | $ / shares	40.61
Outstanding Ending Balance, Weighted Average Fair Value | $ / shares	$ 44.54

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Monte Carlo Simulation Model, Weighted Average Assumptions Used to Estimate the Fair Value of Performance-Based RSUs (Details) - $ / shares	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility		67.90%
Risk-free interest rate		4.60%
Expected life (years)		5 years
Fair value of market-based awards granted		$ 20.62
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	42.60%	47.10%
Risk-free interest rate	3.60%	4.30%
Expected life (years)	3 years	3 years
Fair value of market-based awards granted	$ 51.99	$ 34.28

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Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025	Dec. 30, 2025	Dec. 31, 2024
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]
Income tax expense (benefit) rate	0.60%	1.20%
Unrecognized tax benefits	$ 816	$ 907	$ 794	$ 874
Federal
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]
Income tax examination, years open	2022
State or Local Taxing Jurisdiction
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items]
Income tax examination, years open	2021

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Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Income Tax Disclosure [Abstract]
Beginning gross unrecognized tax benefits	$ 794	$ 874
Increases for tax positions taken in prior years	22	33
Ending gross unrecognized tax benefits	$ 816	$ 907

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Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended
	Mar. 31, 2026	Apr. 01, 2025
Share Repurchase Program [Line Items]
Number of shares repurchased during the period	200
Repurchased average price per share	$ 35.01
Shares repurchased, value	$ 5,302,000	$ 14,099,000
Cash dividends	0
Share Repurchase Program One
Share Repurchase Program [Line Items]
Common stock remaining under the share repurchase plan	87,900,000
Current amount authorized under the share repurchase plan	$ 675,000,000
Common Stock
Share Repurchase Program [Line Items]
Number of shares repurchased during the period	151	404
Shares repurchased, value	$ 4,299,000	$ 5,586,000

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Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2026 Segment
Segment Reporting [Abstract]
Number of operating segments	1
Number of reportable segments not disclosed flag	true
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	srt:ChiefExecutiveOfficerMember, srt:PresidentMember
Segment reporting, CODM, profit (loss) measure, how used, description	he assesses performance and decides how to allocate resources based on income from operations, which is also reported on our Consolidated Statements of Income
Segment reporting, expense information used by CODM, description	Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business

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Segment Information - Summary of Reported Segment Revenue and Expenses (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2026	Apr. 01, 2025
Segment Reporting Information [Line Items]
Revenues		$ 358,118	$ 347,973
Less:
Cost of sales		89,912	86,820
Labor and benefits		129,878	125,652
Occupancy and operating		81,166	79,911
Depreciation and amortization		22,812	18,277
Income from operations		10,623	14,950
Interest expense, net		1,088	1,230
Other expense, net		446	61
Income tax expense		55	167
Net income		9,034	13,492
Operating Segment
Segment Reporting Information [Line Items]
Revenues		358,118	347,973
Less:
Cost of sales		89,440	86,435
Labor and benefits		126,594	123,171
Occupancy and operating		84,922	82,777
Other segment items	[1]	23,727	22,363
Depreciation and amortization		22,812	18,277
Income from operations		10,623	14,950
Reconciliation to Net Income
Less:
Interest expense, net		(1,088)	(1,230)
Other expense, net		(446)	(61)
Income tax expense		$ (55)	$ (167)

[1] Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.