BJ's Restaurants Provides Update on Houston Area Restaurants
BJ's Restaurants, Inc. (NASDAQ: BJRI) today announced that due to Hurricane Ike the Company closed its four restaurants in the Houston area beginning Thursday, September 11th. The restaurants incurred minimal damage from the hurricane, and the Company expects to re-open the restaurants as soon as power, water and sewer services are restored to the area.
Three of the four Houston area restaurants are in the Company's 54 comparable restaurant base. Additionally, the Company's Baton Rouge restaurant was closed for five days in early September due to Hurricane Gustav.
The Company also announced that, in the third quarter, five new restaurants have already been successfully opened, and now expects to open one more restaurant before the end of the third quarter. 'We are very pleased with all of our third quarter openings to date,' commented Jerry Deitchle, Chairman and Chief Executive Officer. 'Our first restaurant in the state of Washington has been doing extremely well for us, with initial sales exceeding our internal estimates. Additionally, our development pipeline remains solidly on track to open as many as 15 new restaurants during 2008 and thereby increase our total operating weeks by 20% to 25% during the year.'
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