Brinker Intl Inc Stock Price, News & Analysis

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%.

Chili's Grill & Bar announces a collaboration with Chain, a Los Angeles pop-up featuring a Michelin-starred chef, to host four exclusive events at The Chain House. The collaboration focuses on a gourmet reinterpretation of beloved Chili's staples, including the Desert Dusted Southwest Eggrolls and Chicken Crispers. Events are scheduled for November 12, 15, 18, and 19, offering limited reservations for My Chili's Rewards members. The initiative emphasizes Chili's commitment to innovation within casual dining and aims to engage customers with a refined culinary experience.

Brinker International has announced key leadership changes to enhance operational effectiveness. Aaron White has been promoted to Executive Vice President and Chief People Officer, focusing on team member experience, recruitment, and talent development. Wade Allen returns as Chief Digital Officer, tasked with expanding the off-premise business and enhancing the digital guest experience, crucial as Chili’s generates $1 billion annually from off-premise sales. Both appointments aim to align employee strategy with business goals and improve guest engagement.

Brinker International, Inc. (NYSE: EAT) has announced an earnings conference call scheduled for 10 a.m. Eastern Time on November 2, 2022. The company will review its first quarter fiscal 2023 earnings, which are set to be released before the market opens on the same day. Additional business updates may also be provided during the call. Interested parties can access the live audio webcast through Brinker's investor relations website. A replay will be available for two weeks after the event.

Chili's Grill & Bar has launched a new happy hour and bar menu coinciding with the football season, positioning itself as a prime destination for fans. The menu features nine new wing flavors, a Chili's Philly, and a selection of new drinks including the Chili's Ranch Water. Happy hour will offer drinks at competitive prices, like Bud Light starting at $3. Additionally, ten new bar bites will be available, starting at just $5. The promotion aims to enhance guest experiences during game time, with hours varying by location.