Welcome to our dedicated page for Brinker Intl news (Ticker: EAT), a resource for investors and traders seeking the latest updates and insights on Brinker Intl stock.
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.
Chili's Grill & Bar is promoting a Labor Day road trip contest where participants can win free meals for a year. Customers are encouraged to visit any location, snap photos, and share them using the hashtag #ChilisRoadTrip from September 1-7. The contest includes prizes for first, second, and third place, including a $250 and $100 gift card. Chili's also provides a map with suggested road trip routes highlighting attractions and their restaurants. The initiative aims to boost engagement during a year of disrupted summer plans.
Brinker International (NYSE: EAT) reported a challenging first quarter of fiscal 2021 amid COVID-19, with 84% of its restaurants open but operating at reduced capacity. Comparable restaurant sales fell significantly: Chili's down 10.9% overall, with a 3.8% drop for opened dining rooms, and Maggiano's down 44.6%. The company’s liquidity stood at $576.2 million. For quarter one guidance, adjusted net loss per share is projected between $0.40 to $0.25, with expected comparable sales down in the low to mid-teens. Fiscal 2020 saw significant declines in revenue and margins due to the pandemic.
Brinker International, Inc. (NYSE: EAT) is set to hold its fourth quarter fiscal 2020 earnings conference call on August 12, 2020, at 10 a.m. Eastern Time. The earnings report will be released before the market opens on the same day. Investors can access the live audio webcast through Brinker's investor relations website, with a replay available for two weeks post-event. As of March 25, 2020, Brinker operates 1,675 restaurants, including 1,622 Chili's Grill & Bar and 53 Maggiano's Little Italy locations.
Brinker International (NYSE: EAT) has appointed Frances L. Allen and Alex G. Macedo to its Board of Directors. Allen, CEO of Checkers Drive-In, brings expertise in brand strategy and operations, while Macedo, former president of Tim Hortons, has extensive experience in restaurant operations. Their appointments are expected to enhance strategic thinking at Brinker as it continues innovating at its restaurant brands, including Chili's and Maggiano's.