Brinker Intl Inc Stock Price, News & Analysis

Brinker International, Inc. (NYSE: EAT) has scheduled its earnings conference call for 10 a.m. ET on May 3, 2023, where it will review its third quarter fiscal 2023 earnings, to be announced prior to market opening on the same day. This call is critical for shareholders and analysts, as it may provide insights into the company's financial performance and operational updates. The live audio webcast will be accessible via Brinker's investor relations website, and a replay will be available for up to two weeks post-event.

Brinker, founded in 1975, operates over 1,600 restaurants globally under well-known brands like Chili's Grill & Bar and Maggiano's Little Italy.

Chili's Grill & Bar has launched a new marketing campaign for its '3 for Me' menu, featuring a collaboration with Grammy-nominated artist Brian McKnight. The campaign includes a remix of McKnight's hit song 'Back at One,' showcasing Chili's affordable dining options. The '3 for Me' deal offers unlimited drinks, chips, salsa, and a select entrée for just $10.99. In addition, Chili's is returning to TV advertising after a three-year hiatus, emphasizing value during economic challenges. The campaign aims to attract diners by providing a high-quality dining experience at a competitive price point, available for dine-in, to-go, or delivery.

Brinker International has appointed James Butler as Senior Vice President and Chief Supply Chain Officer. In this role, Butler will manage all supply chain functions including procurement and logistics for Brinker's corporate-owned restaurants. His previous experience includes a leadership position in KFC's supply chain at Restaurant Supply Chain Solutions and strategic roles at Georgia Pacific and Deloitte Consulting. CEO Kevin Hochman stated Butler's leadership will be crucial in executing the company's strategic initiatives aimed at enhancing core food categories to improve guest experiences.

Brinker International (NYSE: EAT) reported strong financial results for the second quarter of fiscal 2023, ending December 28, 2022. Company sales rose by 10.2% year-over-year to $1,009.4 million, with comparable restaurant sales increasing 9.7%. Maggiano's led with a 21.2% increase in comparable sales, while Chili's grew by 8.0%. The restaurant operating margin improved to 11.6%.

Net income per diluted share also experienced a modest rise, reaching $0.62. For the fiscal year, the company expects total revenues between $4.05 billion and $4.15 billion, with adjusted net income per diluted share projected between $2.60 and $2.90.

Brinker International, Inc. (NYSE: EAT) has announced its earnings conference call scheduled for February 1, 2023, at 10 a.m. Eastern Time. This call will review the company's second quarter fiscal 2023 earnings, which will be revealed before the market opens on the same day. Additionally, Brinker may provide other business updates during this call.

Brinker is a leading casual dining restaurant company, operating brands like Chili's Grill & Bar and Maggiano's Little Italy, with over 1,600 restaurants across 29 countries.

Brinker International (NYSE: EAT) has appointed Jesse Johnson as Vice President of Marketing for Chili's Grill & Bar as of January 17, 2023. Johnson, who previously worked at Wieden+Kennedy, brings over 16 years of experience and has led successful marketing campaigns for brands like Nike and KFC. His role will focus on enhancing Chili's brand presence through strategic marketing initiatives. Johnson aims to elevate Chili's significance in the casual dining industry, leveraging his expertise to drive growth and cultural relevance for the brand.

Brinker International, Inc. (NYSE: EAT) reported first-quarter fiscal 2023 results, revealing sales of $946.1 million, a 9.3% increase from $865.6 million in Q1 2022. However, the company faced an operating loss of $19.8 million, compared to an operating income of $25.6 million last year, primarily due to a 24% increase in food and beverage costs.

Net loss per diluted share was $0.69, down from a profit of $0.28 in the prior year. Adjusted EBITDA decreased to $27.1 million from $69.4 million. Despite tough challenges, comparable restaurant sales grew by 5.3% for Brinker, with Maggiano's leading at 18.2%.