BJs RESTAURANTS INC Segments Disclosure
15. 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
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 Operations. 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):
|
|
Fiscal Year |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Revenues |
|
$ |
1,399,126 |
|
|
$ |
1,357,302 |
|
|
$ |
1,333,229 |
|
Less: |
|
|
|
|
|
|
|
|
|
|||
Cost of sales |
|
|
351,688 |
|
|
|
348,835 |
|
|
|
344,945 |
|
Labor and benefits |
|
|
492,609 |
|
|
|
486,330 |
|
|
|
480,867 |
|
Occupancy and operating |
|
|
338,593 |
|
|
|
326,544 |
|
|
|
329,630 |
|
Other segment items (1) |
|
|
93,355 |
|
|
|
108,768 |
|
|
|
93,036 |
|
Depreciation and amortization |
|
|
76,571 |
|
|
|
72,745 |
|
|
|
70,992 |
|
Income from operations |
|
|
46,310 |
|
|
|
14,080 |
|
|
|
13,759 |
|
|
|
|
|
|
|
|
|
|
|
|||
Reconciliation to net income: |
|
|
|
|
|
|
|
|
|
|||
Interest expense, net |
|
|
(4,745 |
) |
|
|
(5,484 |
) |
|
|
(4,915 |
) |
Other income (expense), net |
|
|
5,668 |
|
|
|
(331 |
) |
|
|
1,256 |
|
Income tax benefit |
|
|
1,575 |
|
|
|
8,422 |
|
|
|
9,560 |
|
Net income |
|
$ |
48,808 |
|
|
$ |
16,687 |
|
|
$ |
19,660 |
|
(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.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.