J. Alexander’s Holdings, Inc. Reports Results for Fourth Quarter and Full Year Ended January 3, 2021; Sales Recovery Continues in Fiscal 2021; Fourth Quarter Operating Cash Flows Beats Prior Year

NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the “Company”), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update and reported results for the fourth quarter and year ended January 3, 2021. Fiscal 2020 included 53 weeks as compared to 52 weeks in fiscal 2019, and the fourth quarter of fiscal 2020 included 14 weeks as compared to 13 weeks in the corresponding period of fiscal 2019.