Brinker Intl Inc Stock Price, News & Analysis

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.

Brinker International (EAT) reported Q4 fiscal 2022 sales of $987.4 million, down from $990.9 million in Q4 2021. Operating income decreased significantly to $44.7 million, marking an operating margin drop from 10.0% to 4.4%. Net income per diluted share fell to $0.90 from $1.58 year-over-year. Comparable restaurant sales showed modest growth at 3.1% for Brinker overall, but Chili's faced declines. For fiscal 2023, Brinker anticipates total revenues between $3.9 billion and $4.0 billion, with EPS guidance of $2.45 - $2.85.

Brinker International (NYSE: EAT) has announced an earnings conference call scheduled for 10 a.m. Eastern Time on August 24, 2022, to discuss its fourth quarter fiscal 2022 earnings. The earnings report will be released prior to market opening 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. Brinker, known for brands like Chili's and Maggiano's, operates over 1,600 restaurants across 29 countries.

Brinker International, Inc. (NYSE: EAT) has appointed George Felix as the new Chief Marketing Officer for Chili's Grill & Bar. Felix, recognized for revitalizing brands, has had a successful marketing career at companies including Procter & Gamble and Tinder. His experience includes award-winning campaigns that modernized brand images and drove growth. He aims to leverage his expertise to accelerate growth for Chili's starting on July 21. CEO Kevin Hochman expressed confidence in Felix's ability to enhance the company's market positioning.

Maggiano's Little Italy and Make-A-Wish celebrate their 19th year of partnership with the 'Eat-a-Dish for Make-A-Wish' program, aiming to surpass $10 million in donations this year. The campaign has already raised $9.6 million, providing funding for nearly 1,300 wishes. Guests can contribute by ordering featured dishes, purchasing Wish Stars, and other donation options until August 24, 2022. Maggiano's president emphasizes the importance of this initiative post-pandemic, as they continue to support children with critical illnesses.

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.