Exhibit 99.1

FOR IMMEDIATE RELEASE

J. Alexander’s Holdings, Inc. Reports Results

For Fourth Quarter And Full Year Of 2015

J. Alexander’s/Redlands Grill Posts 24th Consecutive Quarter

Of Same Store Sales Increases

Stoney River Records 6th Consecutive Quarter

Of Same Store Sales Gains

NASHVILLE, TN, Mar.9, 2016 – J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company) today reported financial results for the fourth quarter and full year of fiscal 2015 ended January 3, 2016. Fiscal 2015 included 53 weeks as compared to 52 weeks in fiscal 2014 and the fourth quarter of fiscal 2015 included 14 weeks as compared to 13 weeks in the corresponding period of fiscal 2014. In addition, as a result of our fiscal year ending on the Sunday closest to December 31, fiscal 2015 included two New Year’s holiday periods, one during the first quarter and another during the fourth quarter of fiscal 2015, while fiscal 2014 included one New Year’s holiday period during the first quarter of that year.

Fourth Quarter 2015 Highlights Compared To The Fourth Quarter Of 2014

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Stock Repurchase Program

During the fourth quarter of fiscal 2015, the Company’s Board of Directors authorized a share repurchase program for up to 1.5 million shares of the Company’s outstanding common stock over a period of three years. The Company expects to fund the share repurchases from cash on hand and operating cash flow. Repurchases will be made in accordance with applicable securities laws and may be made from time to time in the open market. The timing, prices, and amount of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of stock. To date, no shares have been repurchased by the Company under this program.

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Chief Executive Officer’s Review/Fourth Quarter

“Our fourth quarter results again yielded increased same store sales in our J. Alexander’s/Redlands Grill restaurants and in our Stoney River Steakhouse and Grill restaurants,” observed Lonnie J. Stout, II, President and Chief Executive Officer of the Company.

“While we were satisfied with our overall performance, sales in the fourth quarter were impacted somewhat by a slowdown in sales at certain J. Alexander’s/Redlands Grill restaurants located near malls and in heavy retail areas. Historically during the holiday season, which runs from Thanksgiving through Christmas Eve, we have benefitted from guests having late lunches and early dinners as a result of shopping trips. The frequency of guest visits to our restaurants was high. However, in recent years, we have noticed a softening in sales during the late weeks of the fourth quarter as online retail shopping has increased. This trend had an unfavorable impact on guest counts and on holiday sales this past year at some J. Alexander’s/Redlands Grill restaurants operating in heavy retail traffic areas.”

Stout said that the Company was also pleased with the continued improvement in restaurant operating profit during the most recent quarter. “This is another important measure of operating efficiency and includes restaurant profits after all occupancy costs, but before any corporate general and administrative expenses.”

Restaurant operating profit climbed to $10,166,000 in the fourth quarter of 2015 from $8,306,000 in the final quarter of the previous year. This was a 22.4% increase and included an extra week, which had an estimated favorable impact of $1,167,000.

For the quarter ended January 3, 2016, the Company continued to reduce its cost of sales as a percent of net sales, which were down from 32.2% in the final quarter of 2014 to 31.4% in the most recent quarter. Restaurant labor and related costs as a percent of net sales were also down to 29.3% as compared to 29.6% in the fourth period a year earlier, while other restaurant operating expenses decreased to 18.6% of net sales as compared to 19.0% percent of net sales in the final quarter of 2014.

Stout said that average weekly guest counts within the same store base for the Company’s Stoney River Steakhouse and Grill restaurants were up 5.9% for the fourth quarter of 2015. Guest counts within the same store base at the Company’s combined J. Alexander’s/Redlands Grill concepts decreased 0.9% in the most recent quarter and reflected the previously mentioned slowdown in retail traffic in mall and heavy retail areas during the traditionally busy holiday season.

Average guest checks, which include alcoholic beverage sales, for the combined J. Alexander’s/Redlands Grill concepts increased 2.3% to $31.08 in the fourth quarter of 2015. Average guest checks for the Stoney River Steakhouse and Grill concept were up 0.3% to $47.12 in the fourth quarter of 2015. The effect of menu price increases for the quarter just ended was estimated to be 1.7% for the J. Alexander’s/Redlands Grill restaurants and 2.4% for the Stoney River Steakhouse and Grill restaurants compared to the same period a year earlier.

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Fiscal 2015 Performance

For the 53 weeks of fiscal 2015, the Company posted net sales of $217,914,000, up 7.8% from $202,233,000 reported during the 52 weeks of fiscal 2014. Income from continuing operations before income taxes was $7,339,000 for 2015 compared to $9,286,000 for 2014. Excluding non-recurring transaction expenses of $7,181,000 and $785,000 in 2015 and 2014, respectively, income from continuing operations before income taxes would have totaled $14,520,000 for 2015 compared to $10,071,000 for 2014. The Company recorded net income of $5,355,000 for 2015 compared to $8,515,000 in 2014. Adjusted EBITDA for 2015 totaled $26,125,000, an increase of $3,767,000, or 16.8%, from $22,358,000 recorded in 2014. Basic and diluted earnings per share totaled $0.36 for 2015 compared to $0.57 for 2014.

Average weekly same store sales per restaurant for 2015 were up 3.7% to $111,000 for the J. Alexander’s/Redlands Grill restaurants, and for the Stoney River Steakhouse and Grill restaurants, average weekly same store sales increased by 6.0% to $70,200. Excluding the impact of the extra week in 2015, average weekly same store sales per restaurant totaled $110,600 for the J. Alexander’s/Redlands Grill restaurants, an increase of 3.4%, and $69,700 for the Stoney River Steakhouse and Grill restaurants, an increase of 5.3%, compared to the corresponding periods of 2014, respectively.

Average weekly guest counts within the same store base of restaurants increased by 0.1% within the J. Alexander’s/Redlands Grill restaurants and by 4.4% within the Stoney River Steakhouse and Grill restaurants in 2015 compared to 2014. The average guest check at the combined J. Alexander’s/Redlands Grill locations increased by 3.7% to $30.77 during 2015 and the Stoney River average guest check increased by 1.5% to $45.99. Management estimates that the effect of menu price increases for 2015 totaled 2.9% at J. Alexander’s/Redlands Grill locations and 2.8% at the Stoney River restaurants for 2015.

Cost of sales as a percent of net sales for 2015 was 31.6%, down from 31.9% in 2014. Restaurant labor and related costs for 2015 decreased to 30.2% of net sales from 30.4% of net sales in 2014, and other restaurant operating expenses decreased to 19.8% of net sales during 2015 from 20.0% of net sales in 2014. Restaurant operating margins for 2015 totaled 14.7%, up from 13.9% in 2014.

Cash flow from operations totaled $16,010,000 during 2015 compared to $17,955,000 in 2014. Capital expenditures for 2015 totaled $11,431,000 compared to $10,536,000 during fiscal 2014.

Outlook For 2016/Guidance

The following business performance outlook is based on current information as of March 9, 2016. The Company does not expect to update the guidance provided below before next quarter’s earnings release. However, the information on which this outlook is based is subject to change and the Company may update its full business outlook or any portion thereof at any time for any reason.

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“As fiscal 2016 begins, we are addressing sales softness in some of our small and mid-market J. Alexanders/Redlands Grill restaurants due to increases in check averages,” Stout continued. “We have implemented value-oriented programs with lunch and dinner features in an effort to increase the frequency of our aspirational and more casual dining guests. We believe it will take a quarter or two before these plans produce beneficial results. Thus, when combined with the timing of the New Year’s holiday period, as well as the unfavorable impact of the Easter weekend which will be included in the first quarter of 2016 but was the first week of last year’s second quarter, we anticipate our first quarter average weekly same store sales per restaurant for the J. Alexanders/Redlands Grill restaurants will be 3% – 4% below the average for the first quarter of 2015, with approximately half of the anticipated decrease attributable to the timing of the holidays noted above. For the 2016 year, we anticipate our weekly same store sales averages will improve approximately 1% - 2%.”

Stout said management believes the performance of its Stoney River Steakhouse and Grill restaurants will remain strong because fewer restaurants are located in price-sensitive markets.

Stout also noted that fiscal 2016 will be a year of continued transition for the Company. “As a public company once again, there are certain fees and expenses which we will incur that were not present during the years we were a majority-owned subsidiary of FNFV,” Stout stated. “We estimate such fees will run approximately $1.1 million annually and that our results for the last quarter of 2015 included between $200,000 and $250,000 of such expenses.” Stout also noted that in conjunction with the spin-off from FNFV, the Company entered into a management agreement with Black Knight Advisory Services, LLC which will result in additional general and administrative expenses of approximately $800,000 for fiscal 2016 compared to similar fees totaling $262,000 during the fourth quarter of fiscal 2015.

Based upon current information, the guidance for the 52-week 2016 fiscal year is as follows:

Same Store Sales Increase:

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Restaurant Development

On January 25, 2016, the Company opened a new Stoney River Steakhouse and Grill in Germantown, TN, a suburb of Memphis. The concept’s last new restaurant opening prior to the Germantown location was in Towson, Maryland during 2009 and the Germantown restaurant represents the first new Stoney River Steakhouse and Grill opened subsequent to the concept’s being contributed to J. Alexander’s Holdings, LLC in early 2013. “Our newest Stoney River has been extremely well-received within the Germantown community and has significantly exceeded both our current system weekly sales average as well as our targeted weekly sales average of $85,000 once a restaurant reaches maturity,” Stout noted. “While we don’t typically single out individual restaurants for analysis, we feel it is noteworthy that the Germantown location has gotten off to an exceptionally strong start and we feel that such performance validates the potential that we believe exists within the Stoney River concept.”

The Company has also executed leases to develop two new J. Alexander’s restaurants, one in Raleigh, NC, with an anticipated opening during the early portion of the fourth quarter of 2016, and one in Lexington, KY, which we anticipate will open later during the fourth quarter of 2016. Finally, the Company expects to open the 12^th Stoney River Steakhouse and Grill restaurant during the fourth quarter of 2016 at a site to be determined. The Company is also continuing its program to transition selected J. Alexander’s restaurants to Redlands Grill restaurants. A total of 12 such transitions were initiated in 2015 and another two to four are anticipated to commence during 2016. This transition process is expected to be completed by year end 2016.

Conference Call

The Company will hold a conference call on Thursday, March 10, at 10 a.m. Central time to discuss its financial results for the fourth quarter and fiscal year ended January 3, 2016. The conference call can be accessed live over the phone by dialing 1-877-407-0789 (Toll-Free) or 1-201-689-8562 (Toll/International). To access the call via the internet, go to J. Alexander’s website at investor.jalexandersholdings.com or http://public.viavid.com/index.php?id=117505.

A replay of the conference call will be available shortly following the conclusion of the call at investor.jalexandersholdings.com and http://public.viavid.com/index.php?id=117505, as well as by dialing 1-877-870-5176 or 1-858-384-5517 and providing the access code 13626459. The replay will be accessible through March 17, 2016 via telephone and for 30 days on the internet.

About J. Alexander’s Holdings, Inc.

J. Alexander’s Holdings, Inc. is a collection of restaurants that focus on providing high quality food, outstanding professional service and an attractive ambiance. The Company presently operates three complementary restaurant concepts: J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill.

J. Alexander’s Holdings, Inc. presently operates 42 restaurants in 14 states. The Company has its headquarters in Nashville, TN.

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Forward-Looking Statements

This press release issued by J. Alexander’s Holdings, Inc. and the related earnings call contain forward-looking statements, which include all statements that do not relate solely to historical or current facts, including statements regarding our expectations, intentions or strategies regarding the future. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected and are subject to a number of known and unknown risks and uncertainties, including the Company’s ability to maintain satisfactory guest count levels and maintain or increase sales and operating margins in its restaurants under varying economic conditions; the effect of higher commodity prices, unemployment and other economic factors on consumer demand; the effect of volatile retail area traffic patterns; increases in food input costs or product shortages and the Company’s response to them; the number and timing of new restaurant openings and concept conversions and the Company’s ability to operate them profitably; competition within the casual dining industry; the effect of public company costs and other requirements, including our management agreement with Black Knight Advisory Services, LLC; as well as other risks and uncertainties described under the headings “Forward-Looking Statements,” “Risk Factors” and other sections of the Company’s Registration Statement on Form 10 filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Mark A. Parkey

Chief Financial Officer

(615) 269-1900

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J. Alexander’s Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited in thousands, except per share amounts)

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J. Alexander’s Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

Percentages of Sales (Unaudited)

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J. Alexander’s Holdings, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited in thousands)

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J. Alexander’s Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited in thousands)

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J. Alexander’s Holdings, Inc. and Subsidiaries

Adjusted EBITDA Reconciliation

(Unaudited in thousands)

Non-GAAP Financial Measures

Within this press release, we present the following non-GAAP financial measures which we believe are useful to investors as key measures of our operating performance:

We define “Adjusted EBITDA” as net income (loss) before interest expense, income tax (expense) benefit, depreciation and amortization, and adding asset impairment charges and restaurant closing costs, loss on disposals of fixed assets, transaction and integration costs, non-cash compensation, loss from discontinued operations, gain on debt extinguishment, pre-opening costs and certain unusual items. Adjusted EBITDA is a non-GAAP financial measure that we believe is useful to investors because it provides information regarding certain financial and business trends relating to our operating results. Adjusted EBITDA does not fully consider the impact of investing or financing transactions as it specifically excludes depreciation and interest charges, which should also be considered in the overall evaluation of our results of operations.

We define “Restaurant Operating Profit” as net sales less restaurant operating costs, which are cost of sales, restaurant labor and related costs, depreciation and amortization of restaurant property and equipment, and other operating expenses. Restaurant Operating Profit is a non-GAAP financial measure that we believe is useful to investors because it provides a measure of profitability for evaluation that does not reflect corporate overhead and other non-operating or unusual costs. “Restaurant Operating Profit Margin” is the ratio of Restaurant Operating Profit to net sales.

Our management uses Adjusted EBITDA and Restaurant Operating Profit to evaluate the effectiveness of our business strategies. We caution investors that amounts presented in accordance with the above definitions of Adjusted EBITDA or Restaurant Operating Profit may not be comparable to similar measures disclosed by other companies, because not all companies calculate these non-GAAP financial measures in the same manner. Adjusted EBITDA and Restaurant Operating Profit should not be assessed in isolation from, or construed as a substitute for, net income or net cash provided by operating, investing or financing activities, each as presented in accordance with GAAP.

A reconciliation of these non-GAAP financial measures to the closest GAAP measure is set forth in the following tables:

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J. Alexander’s Holdings, Inc. and Subsidiaries

Restaurant Operating Profit Reconciliation

(Unaudited in thousands)

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