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Brinker International, Inc. issues news on a casual dining portfolio led by Chili's Grill & Bar and Maggiano's Little Italy. Company updates commonly cover restaurant sales trends, fiscal earnings, guidance, cash flow uses, and capital actions such as revolver repayment and share repurchases.
Brand announcements often focus on Chili's menu value platforms, burgers, chicken sandwiches, fajitas, margaritas, and national marketing programs, along with Maggiano's Italian-American menu, family-style dining, delivery, carryout, and banquet services. Corporate news also includes leadership changes and marketing oversight across both restaurant brands.
Grubhub has partnered with Brinker International, Inc. to offer popular dining brands Chili's® Grill & Bar, It's Just Wings®, and Maggiano's Little Italy® on its platform. This collaboration will bring over 2,500 restaurant locations to Grubhub, enhancing the convenience for diners. Off-premise dining represents more than 35% of Chili's Q3 sales, underscoring the importance of this partnership. To celebrate, Grubhub is offering promotions including free wings and Skillet Queso with qualifying purchases. The expansion aims to meet customer demands for digital ordering.
Chili's Grill & Bar has launched a new value menu called 3 for Me, allowing Guests to customize meals starting at $10.99. The menu includes a non-alcoholic drink, appetizer, and entrée, featuring popular items like Chicken Crispers® and Oldtimer® Cheeseburger. Guests can enhance their meals with options for an additional $2.49. This initiative replaces previous offerings while introducing new dishes such as Carne Asada. Chili's also continues its LunchBreak Combos for $9 on weekdays, promoting value for Customers amidst inflation.
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Brinker International, Inc. (NYSE: EAT) reported strong results for Q3 of fiscal 2022, with total company sales of $960.6 million, up from $813.7 million year-over-year. Chili's saw sales grow to $863.3 million, while Maggiano's increased to $97.3 million. However, operating income decreased to $49.4 million from $52.2 million, leading to a reduction in operating margin to 5.0%. Net income per diluted share rose to $0.81, compared to $0.73 in the previous year. The company expects total revenues for the full fiscal year to remain in the $3.75 - $3.85 billion range.
Brinker International, Inc. (NYSE: EAT) has announced its earnings conference call scheduled for 10 a.m. Eastern Time on May 4, 2022. This call will follow the release of the company’s third-quarter fiscal 2022 earnings, which will be disclosed before market opening on the same day. Investors can access the live audio webcast through Brinker's investor relations website. A replay will also be available for two weeks post-event.
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Brinker International reported strong second quarter results for fiscal 2022, with Company sales reaching $904.5 million, up from $746.2 million in Q2 2021. Chili's sales increased to $791.9 million, while Maggiano's sales rose to $112.6 million. Operating income rose to $39.8 million from $22.1 million, leading to a net income per diluted share of $0.60. Adjusted EBITDA increased to $87.8 million. The company also acquired 37 Chili's locations from a franchisee, enhancing its portfolio.
Brinker International, Inc. (NYSE: EAT) will announce its second quarter fiscal 2022 earnings before the market opens on February 2, 2022, followed by a conference call at 10 a.m. ET. This call is expected to provide insights into the company's financial performance and may include other business updates. With over 1,600 restaurants globally, Brinker is a leading casual dining chain known for its brands like Chili's and Maggiano's. Investors can access the conference call live through Brinker's investor relations website.
Brinker International, Inc. (NYSE: EAT) has appointed Ramona Hood to its Board of Directors, bringing extensive experience in sales, operations, and marketing. Currently the CEO of FedEx Custom Critical, Hood has previously led teams across various FedEx divisions. CEO Wyman Roberts highlighted her strategic thinking and leadership skills as assets for the company's growth. Brinker operates over 1,600 restaurants worldwide, including Chili's and Maggiano's, demonstrating a commitment to enhancing customer experience through strong leadership.
Brinker International (EAT) reported a strong first quarter for fiscal 2022, with total sales rising to $859.6 million compared to $728.2 million in Q1 2021. Chili's sales reached $773.3 million, up from $675.0 million, while Maggiano's increased to $86.3 million. Despite increased sales, operating income as a percentage of total revenues decreased to 2.9%, down from 3.3% year-over-year. Adjusted EBITDA grew to $69.4 million. The company reaffirmed its full-year revenue guidance, projecting $3.75 billion to $3.85 billion amidst ongoing uncertainties due to COVID-19.