Brinker Intl Inc Stock Price, News & Analysis

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.

Brinker International, Inc. (NYSE: EAT) reported strong results for Q3 of fiscal 2022, with total company sales of $960.6 million, up from $813.7 million year-over-year. Chili's saw sales grow to $863.3 million, while Maggiano's increased to $97.3 million. However, operating income decreased to $49.4 million from $52.2 million, leading to a reduction in operating margin to 5.0%. Net income per diluted share rose to $0.81, compared to $0.73 in the previous year. The company expects total revenues for the full fiscal year to remain in the $3.75 - $3.85 billion range.

Brinker International, Inc. (NYSE: EAT) has announced its earnings conference call scheduled for 10 a.m. Eastern Time on May 4, 2022. This call will follow the release of the company’s third-quarter fiscal 2022 earnings, which will be disclosed before market opening on the same day. Investors can access the live audio webcast through Brinker's investor relations website. A replay will also be available for two weeks post-event.