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. (NYSE: EAT) is a casual dining restaurant company and the parent of Chili's Grill & Bar and Maggiano's Little Italy. This news page aggregates company-issued updates, earnings announcements and brand-level stories that relate to EAT and its restaurant system.
Brinker regularly releases earnings results and guidance for its fiscal quarters and years, along with details on comparable restaurant sales, segment performance for Chili's and Maggiano's, and commentary from management. These announcements are often accompanied by information about scheduled earnings conference calls and webcasts for investors.
News related to Chili's Grill & Bar frequently covers menu changes, new product introductions and marketing campaigns. Examples from recent releases include the launch of Southwestern Queso and other menu innovations, as well as promotional initiatives tied to items such as the Triple Dipper and various margarita offerings. Chili's communications also highlight collaborations with partners in areas such as motorsports and consumer brands.
Updates involving Maggiano's Little Italy appear in Brinker's broader financial and strategic communications, including references to initiatives to enhance its Italian-American dining experience. Company news can also address leadership changes and segment strategies.
Brinker and its brands also issue news about community and charitable efforts, such as Chili's long-running partnership with St. Jude Children's Research Hospital and programs like Create-A-Pepper. These releases describe fundraising campaigns and guest participation opportunities.
Investors, analysts and guests can use this page to follow EAT news on topics such as financial performance, brand marketing, partnerships, product launches and corporate governance updates. Checking this feed over time provides a consolidated view of how Brinker communicates developments across its restaurant portfolio.
Brinker International (NYSE: EAT) has announced its upcoming fourth quarter fiscal 2024 earnings call, scheduled for Wednesday, August 14, 2024, at 10 a.m. Eastern Time. The company will release its earnings report before the market opens on the same day. Investors and interested parties can access the live audio webcast through Brinker's investor relations website. The call may include additional business updates beyond the earnings report. For those unable to attend the live event, a replay will be available on the company's website for two weeks following the call. Thomson StreetEvents subscribers will also have access to the replay through their service.
Maggiano's Little Italy is launching a new era of classic Italian-American dining with a series of enhanced offerings, beginning with a revamped cocktail menu. Under the new leadership of President Dominique Bertolone, who brings over 20 years of experience from notable destinations like MGM Resorts and Monte Carlo Beach, the restaurant aims to blend its cherished traditions with new, luxurious experiences. The updated cocktail menu, named the Mixologist Collection, features premium ingredients and dramatic tableside presentations, with prices ranging from $14 to $17. Key offerings include the Smoked Old Fashioned, Pomegranate Martini, Rosa Spritz, and Grand Margarita. Maggiano's is also enhancing its food menu by sourcing high-quality ingredients and collaborating with industry experts like Master Sommelier Jason Smith. More updates will be revealed throughout the summer and fall.
Brinker International has appointed Frank Liberio to its Board of Directors. Liberio, a seasoned technology leader in the restaurant industry, previously served as EVP and Global CIO for Restaurant Brands International. He also worked at McDonald's for over 16 years, including as Senior VP and Global CIO, where he spearheaded their digital transformation. Joe DePinto, Brinker's Chairman, emphasized that Liberio's expertise will be instrumental in supporting Brinker's growth strategies, particularly in enhancing the guest experience.
Chili's Grill & Bar has unveiled a revamped version of the classic BurgerTime arcade game called Chili's Big Smasher BurgerTime. Players, assuming the role of Joe ChiliHead, can win free burgers for life by building Big Smasher Burgers and defeating fast-food villains across six levels. The game, available until July 14, is part of Chili's strategy to attract customers with better value compared to rising fast-food prices. The Big Smasher burger, featured on the 3 For Me menu at $10.99, includes classic fast-food flavors. High scorers in the game can win lifetime burgers, -edition arcade cabinets, and gift cards.
Brinker International (NYSE: EAT) has promoted Jeremy Linker to Senior Vice President, Brand Finance, effective June 27, 2024.
Linker has been with Brinker for over 20 years, most recently serving as VP, Brand Finance and Construction.
In his previous role, he led the brand's pricing strategy and reinvestment efforts to enhance restaurant facilities.
Brinker CEO Kevin Hochman emphasized Linker's significant contributions to financial and operational progress.
Linker has played a vital role in several initiatives, including the Chili's Core 4 team, and will report to Mika Ware, the new EVP and CFO, also effective June 27.
Maggiano's Little Italy® is celebrating Mother's Day with specialty menus and fresh May features, offering dine-in and carryout options. The restaurant introduces seasonal offerings and chef-curated menus to honor moms across the country. The -time menu includes starters, entrees, and desserts, with a three-course specialty menu exclusively available on Mother's Day. Maggiano's also offers a hot carry-out bundle option for those celebrating at home. Reservations can be made online or via the app for a quality dining experience.
Brinker International reported strong financial results for the third quarter of fiscal 2024, with company sales reaching $1.108.9 million, a 3.3% increase in comparable restaurant sales, and net income per diluted share of $1.08. The company's operating income margin increased to 6.2% and restaurant operating margin to 14.2%. CEO Kevin Hochman attributes the success to guest and team member experience improvements, driving industry outperformance in sales and traffic.
Chili's Grill & Bar introduces the Big Smasher Burger and Crispy Chicken sandwich as part of its 3 For Me menu to compete with rising fast food prices. The Big Smasher Burger boasts twice the beef of a Big Mac and flavors familiar to fast food lovers, all for just $10.99. The menu, including bottomless chips and salsa, offers added value since 2022. Chili's also launches a marketing campaign challenging fans to share why Chili's is better than fast food.
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