Brinker targets 4–6% annual revenue growth
Brinker International sets multi-year targets through fiscal 2029 for revenue, earnings growth, unit expansion and ongoing share repurchases.
Rhea-AI Filing Summary
Brinker International, Inc. (EAT) announced at its September 17, 2026 investor day that it is introducing long-term financial targets through fiscal 2029, outlining growth expectations for revenue, earnings and capital returns. Management framed these goals around continued investment in Chili’s value proposition, hospitality, remodeling and new unit development.
The company is targeting 4% to 6% annual revenue growth, supported by 2% to 3% annual unit growth as it plans to ramp to 30 new restaurants per year by fiscal 2029. Brinker also aims for double-digit annual growth in net income per diluted share excluding special items and expects to repurchase 3% to 5% of shares annually under its existing share repurchase program, subject to future board authorization.
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Filing Explained
This Form 8-K furnishes an investor-day release under Item 7.01 rather than treating it as filed for Section 18 purposes; its fiscal 2029 targets are forward-looking statements, so the disclosure sets out plans—not completed operating results or capital-return activity.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Annual revenue growth target: 4%–6% per year
Annual unit growth target: 2%–3% per year
New restaurants planned annually: 30 restaurants per year
+5 more
8 metrics
Annual revenue growth target
4%–6% per year
Long-term financial targets through fiscal 2029
Annual unit growth target
2%–3% per year
Supports revenue growth outlook through fiscal 2029
New restaurants planned annually
30 restaurants per year
Planned ramp by fiscal 2029 across significant new trade areas
Net income per share growth target
Double-digit percent annually
Net income per diluted share, excluding special items (non-GAAP), through fiscal 2029
Annual share repurchase target
3%–5% of shares per year
Under existing share repurchase program, subject to future board approval
Number of countries and territories
31 jurisdictions
More than 1,600 restaurants across 29 countries and two U.S. territories
Restaurant count
More than 1,600 restaurants
Owned, operated or franchised across 29 countries and two U.S. territories
Investor Day start time
8:30 a.m. Central time
2026 Investor Day at Dallas headquarters on September 17, 2026
Key Terms
Regulation FD, non-GAAP, special items, share repurchase program, +1 more
5 terms
Regulation FD regulatory
"Item 7.01 Regulation FD Disclosure"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
non-GAAP financial
"net income per diluted share, excluding special items, non-GAAP"
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.
special items financial
"net income per diluted share, excluding special items, non-GAAP"
Special items are unusual or infrequent gains or losses that a company reports separately from its regular operating profit, such as restructuring costs, asset write-downs, legal settlements, or one-time gains from selling a business. Investors pay attention because these items can make reported profits look better or worse than the company’s ongoing performance—like a homeowner’s one-off roof repair affecting a single month’s budget but not the household’s regular income and expenses.
forward-looking statements regulatory
"The statements contained in this release that are not historical facts are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What long-term financial targets did Brinker International (EAT) introduce through fiscal 2029?
Brinker announced targets of 4%–6% annual revenue growth, double-digit annual growth in net income per diluted share excluding special items, and 3%–5% annual share repurchases, supported by 2%–3% annual unit growth through fiscal 2029.
How many new restaurants does Brinker International (EAT) plan to open by fiscal 2029?
Brinker plans to ramp to 30 new restaurants annually across significant new trade areas by fiscal 2029, supporting its target of 2% to 3% annual unit growth over the planning horizon.
What earnings growth goal did Brinker International (EAT) set at its 2026 Investor Day?
The company is targeting double-digit annual percent growth in net income per diluted share, calculated on a non-GAAP basis excluding special items, through its fiscal 2029 year.
What revenue growth rate is Brinker International (EAT) aiming for?
The company is targeting 4% to 6% annual revenue growth through fiscal 2029, supported in part by 2% to 3% annual unit growth and a plan to build more new Chili’s restaurants in new trade areas.
Where and when is Brinker International’s 2026 Investor Day being held?
Brinker is hosting its 2026 Investor Day at its corporate headquarters in Dallas, Texas on September 17, 2026, beginning at 8:30 a.m. Central time, with a live webcast available via its investor relations website.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 17, 2026
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||||||||
| (Registrant’s telephone number, including area code) | ||||||||||||||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION 7 - REGULATION FD
Item 7.01 Regulation FD Disclosure.
On September 17, 2026, Brinker International, Inc. (the “Company”) will be hosting an investor day at its corporate headquarters in Dallas, Texas beginning at 8:30 a.m. Central time. The event can be accessed via live webcast under the “Events & Presentations” tab of the Company’s website at https://investors.brinker.com/events-and-presentations/default.aspx.
In connection with the investor day, the Company issued a press release on September 17, 2026 introducing its financial targets through fiscal 2029. A copy of the press release is furnished herewith as Exhibit 99.1.
The information in this Current Report on Form 8-K (including the press release attached as Exhibit 99.1 hereto) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K will not be deemed an admission as to the materiality of any information contained herein (including the information in the press release attached as Exhibit 99.1 hereto).
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated September 17, 2026
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BRINKER INTERNATIONAL, INC., a Delaware corporation | |||||||||||
| Dated: September 17, 2026 | By: | /s/ KEVIN D. HOCHMAN | |||||||||
| Kevin D. Hochman, | |||||||||||
| Chief Executive Officer and President | |||||||||||
| and President of Chili’s Grill & Bar & Maggiano’s Little Italy | |||||||||||
| (Principal Executive Officer) | |||||||||||
EXHIBIT 99.1
BRINKER INTERNATIONAL OUTLINES GROWTH STRATEGY AND
LONG-TERM TARGETS AT INVESTOR DAY
DALLAS, September 17, 2026 - Brinker International, Inc. (NYSE: EAT) will host its 2026 Investor Day at its headquarters in Dallas, Texas today beginning at 8:30 a.m. CT. A live public webcast can be accessed through Brinker’s investor relations website.
“Over the past four years, we’ve worked hard to transform Chili’s into a stronger business that delivers an exceptional experience for our guests, makes it easier and more rewarding for our team members, and delivers superior shareholder returns,” said Kevin Hochman, President and Chief Executive Officer of Brinker International.
“As we enter the next phase of growth, we know what works: serving great food at an incredible value, delivering excellent hospitality, and creating experiences that keep guests coming back. We will continue to invest in those areas while adding additional investment for remodeling our estate and building more new Chili’s. Chili’s has never been more relevant. We are excited to keep building on this momentum and introduce more guests to the #1 casual dining brand, all while delivering value to our shareholders.”
Financial Outlook
Members of the executive team will provide an overview of the Company’s growth strategy and long-term financial targets at today’s event. Based on the Company’s execution to date, strong momentum, and future potential for sustainable growth, Brinker is introducing the following targets through its fiscal 2029 year:
•4% to 6% annual revenue growth, supported by 2% to 3% unit growth as the Company plans to ramp to 30 new restaurants annually across significant new trade areas by fiscal 2029
•Double-digit annual percent growth in net income per diluted share, excluding special items, non-GAAP1
•Share repurchase of 3% to 5% annually, subject to board of director approval of incremental authorizations in future years under our existing share repurchase program
ABOUT BRINKER
Brinker International, Inc. (NYSE: EAT) is one of the world’s leading casual dining restaurant companies and proud home to two beloved brands: Chili’s® Grill & Bar and Maggiano’s Little Italy®. Brinker has grown to own, operate or franchise more than 1,600 restaurants across 29 countries and two U.S. territories – serving bold flavors, handcrafted drinks, and genuine hospitality along the way. Brinker is proud to have been named the top workplace in Dallas-Fort Worth by both the Dallas Business Journal and The Dallas Morning News in 2025, and CEO Kevin Hochman was awarded the 2025 IFMA Gold Plate Award and named a Barron’s 2025 Top 25 CEO in the world. Brinker brands continue to earn national recognition as well with Chili’s being honored Y2025 with placements on the Fast Company Brands that Matter and Inc. Brinker brands continue to earn national recognition as well with Chili’s being honored in 2025 with placements on the Fast Company Brands that Matter and Inc. Best in Business lists and named Ad Age Brand of the Year among other honors. The purpose is simple: to make everyone feel special –
1 We are unable to reliably forecast special items without unreasonable effort. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.
EXHIBIT 99.1
whether it’s a celebration over sizzling fajitas or a casual night enjoying Italian favorites with family. Learn more about our brands, our culture, and our people at brinker.com and on LinkedIn.
Forward-Looking Statements
The statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only based on our current plans and expectations as of the date such statements are made, and we undertake no obligation to update forward-looking statements to reflect events or circumstances arising after the date such statements are made. Forward-looking statements are neither predictions nor guarantees of future events or performance and are subject to risks and uncertainties which could cause actual results to differ materially from our historical results or from those projected in forward-looking statements. Such risks and uncertainties include, among other things, the impact of general economic conditions, including inflation, on economic activity and on our operations; disruptions on our business including consumer demand, costs, product mix, our strategic initiatives, operations, technology and assets, and our financial performance; the impact of current and potential tariffs and trade barriers; the impact of competition, including competitors employing our same strategies or discounting their offerings; changes in consumer preferences, including shifts in their brand preferences; food-borne illness outbreaks; consumer perception of food safety; reduced consumer discretionary spending; governmental regulations; the effectiveness of the Company's business strategy plan; loss of key management personnel; failure to hire and retain high-quality restaurant management and team members; increasing regulation surrounding wage inflation and competitive labor markets; the impact of social media, including the potential governmental ban of platforms used by the Company in its marketing initiatives; reputational damage or unfavorable publicity for our brands, which may result from actions of franchisees not within our control; reliance on technology and third party delivery providers; failure to protect the security of data of our guests and team members; product availability and supply chain disruptions; regional business and economic conditions; volatility in consumer, commodity, transportation, labor, currency and capital markets; litigation; franchisee success; technology failures; failure to protect our intellectual property; outsourcing; impairment of goodwill or assets; failure to maintain effective internal control over financial reporting; downgrades in credit ratings; changes in estimates regarding our assets; actions of activist shareholders; our pursuit of or failure to comply with new environmental and sustainability requirements; our pursuit of or failure to achieve any goals, targets or objectives with respect to sustainability matters; adverse weather conditions; terrorist acts; cybersecurity, artificial intelligence and phishing threats; health epidemics or pandemics; tax reform; inadequate insurance coverage; and limitations imposed by our credit agreements as well as the risks and uncertainties described in "Risk Factors" in our Annual Report on Form 10-K and future filings with the Securities and Exchange Commission.
FOR ADDITIONAL INFORMATION, CONTACT:
KIM SANDERS
INVESTOR RELATIONS
investor.relations@brinker.com
MEDIA RELATIONS
media.requests@brinker.com
(800) 775-7290
3000 OLYMPUS BOULEVARD
DALLAS, TEXAS 75019