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Comps rise at J. Alexander’s

Average weekly comp sales at J. Alexander’s restaurants increased 3 percent year over year during the third quarter, parent company J. Alexander’s Holdings announced Friday.

Average weekly guests counts at the chain declined 1.2 percent during Q3.

The company said it is making progress on its plan to convert 12 J. Alexander’s units to its Redlands Grill brand, which it expects to complete by the end of the year.

“We were pleased with the overall performance in the third quarter,” said CEO Lonnie Stout.

J. Alexander’s Holdings, which went public a few months ago after spinning off from Fidelity National Financial, reported a net loss of $2.5 million for the quarter.

Average weekly comps at its Stoney River Steakhouse and Grill brand increased 5 percent during Q3.

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