BRINKER INTERNATIONAL (EAT) Company Report

Brinker delivered strong financial results for Q1 2026, with total revenues of $1.35 billion, an 18.5% increase over the prior year, and adjusted diluted EPS of $1.93, up from $0.95 last year.
Chili's demonstrated exceptional performance, with same-store sales up 21.4% and traffic up 13% in Q1 2026, outperforming the casual dining industry by 1,650 basis points. The brand is also gaining market share with households earning under $60,000.
In contrast, Maggiano's reported comp sales of -6.4% for Q1 2026, leading to the implementation of a "Back to Maggiano's" turnaround strategy focused on classic recipes, service, and atmosphere improvements.
The company reiterated its fiscal 2026 guidance but now anticipates mid-single digit commodity inflation and expects Maggiano's softer performance to impact Q2 EPS by 6% to 8%.
Brinker repurchased $92 million of common stock under its share repurchase program during the quarter.

Oct 29, 2025, 2:00 PM

Transcript

Brinker International Reports Strong Q1 2026 Results Driven by Chili's Performance

EAT

Earnings

Guidance Update

Revenue Acceleration/Inflection

Brinker International reported total revenues of $1.35 billion for Q1 2026, an 18.5% increase over the prior year, with adjusted diluted EPS of $1.93.
Chili's delivered exceptional performance in Q1 2026, with same-store sales up 21.4% and traffic increases of 13%, marking its 18th consecutive quarter of positive same-store sales growth.
Maggiano's reported comp sales of -6.4% for the quarter, and its softer results are expected to offset Chili's gains, potentially impacting Q2 EPS by 6% to 8%.
The company is reiterating its fiscal 2026 guidance, anticipating Chili's same-store sales to normalize to the mid single digit range for the balance of the fiscal year, and commodity inflation (inclusive of tariffs) in the mid single digits.
Restaurant operating margin for Q1 2026 improved by 270 basis points to 16.2% year-over-year, but the full fiscal year 2026 restaurant margin is now expected to be relatively flat.

Oct 29, 2025, 2:00 PM

Transcript

Brinker International Reports Strong Q1 2026 Results Driven by Chili's Performance

EAT

Earnings

Guidance Update

Share Buyback

Brinker International reported Q1 2026 total revenues of $1.35 billion, an 18.5% increase over the prior year, with adjusted diluted EPS of $1.93, up from $0.95 last year.
Chili's delivered strong performance with same-store sales up 21.4%, driven by 13.1% positive traffic, marking its 18th consecutive quarter of positive same-store sales growth and outperforming the casual dining industry.
While Maggiano's reported -6.4% comp sales for the quarter, the company reiterated its fiscal 2026 guidance, anticipating Chili's gains to be offset by Maggiano's softer results and an updated commodity inflation forecast of mid-single digits. Chili's same-store sales are expected to normalize to the mid-single digit range for the balance of the fiscal year.
Brinker International repurchased $92 million of common stock under its share repurchase program during the quarter.

Oct 29, 2025, 2:00 PM

Transcript

EAT Announces Q1 F26 Results

EAT

Earnings

Revenue Acceleration/Inflection

Demand Weakening

Total Revenues for Q1 F26 reached $1349 million.
Brinker's same-store sales increased by 18.8% in Q1 F26, with Chili's same-store sales up 21.4%, while Maggiano's same-store sales decreased by 6.4%.
Food cost as a percentage of sales rose to 25.8% in Q1 F26, primarily due to an unfavorable menu mix.
Sales leverage contributed to a decrease in both labor cost to 32.3% and restaurant expense to 25.7% in Q1 F26.

Oct 29, 2025, 2:00 PM

Presentation

Brinker International Announces First Quarter Fiscal 2026 Results and Reiterates Fiscal 2026 Guidance

EAT

Earnings

Guidance Update

Share Buyback

Brinker International, Inc. reported total revenues of $1,349.2 million and net income of $99.5 million for the first quarter of fiscal 2026, ended September 24, 2025. Diluted net income per share was $2.17, or $1.93 excluding special items.
Company comparable restaurant sales increased by 18.8% in the first quarter of fiscal 2026, including a 21.4% increase for Chili's, while Maggiano's experienced a (6.4%) decline.
The company repurchased $92.0 million of its common stock during the quarter.
Brinker International reiterated its fiscal 2026 guidance, projecting total revenues between $5.60 billion and $5.70 billion and net income per diluted share, excluding special items, between $9.90 and $10.50.

Oct 29, 2025, 12:06 PM

8-K

Brinker International Reports Strong First Quarter Fiscal 2026 Results and Reaffirms Full-Year Guidance

EAT

Earnings

Guidance Update

Share Buyback

Brinker International reported total revenues of $1,349.2 million and net income per diluted share of $2.17 for the first quarter of fiscal 2026, ended September 24, 2025.
Chili's delivered strong performance with comparable restaurant sales increasing 21.4% and traffic up 13% in Q1 FY2026, though Maggiano's experienced traffic declines.
The company repurchased $92.0 million of its common stock during the first quarter of fiscal 2026.
Brinker International reiterated its fiscal 2026 guidance, expecting total revenues between $5.60 billion and $5.70 billion and non-GAAP net income per diluted share between $9.90 and $10.50.

Oct 29, 2025, 10:45 AM

Press Release

Brinker International Reports Strong Q4 and FY25 Results, Issues Positive FY26 Guidance

EAT

Earnings

Guidance Update

New Projects/Investments

Brinker International (EAT) reported strong financial performance for Q4 2025 and fiscal year 2025, with total revenue growth of 21.9% to over $5 billion and adjusted EPS growth of 117.1% for FY 2025. Chili's achieved +24% same-store sales in Q4 2025 and +40% for FY 2025, with restaurant operating margins expanding to 17.6%.
The company provided fiscal year 2026 guidance, expecting annual revenues between $5.6 billion and $5.7 billion and adjusted diluted EPS in the range of $9.9 to $10.5. Chili's is anticipated to maintain positive same-store sales growth in all four quarters of FY 2026.
Strategic initiatives include continued menu simplification, significant investments in labor and restaurant maintenance, increased marketing spend, and the relaunch of key menu items like Ribs and Frozen Margs. The company plans to ramp up remodels and restart new restaurant development, with capital expenditures projected at $270 million to $290 million for FY 2026.
Brinker International has significantly strengthened its balance sheet by paying down over $570 million in debt over the past three years, achieving a lease adjusted leverage ratio of 1.7 times. The Board authorized an additional $400 million for share repurchases, bringing the total available to $507 million.
Maggiano's reported a -0.4% comp sales for Q4 2025, and a leadership change was announced with CEO Kevin Hochman overseeing the brand as interim president.

Aug 14, 2025, 11:50 AM

Brinker International Enters Fourth Amendment to Credit Agreement

EAT

Debt Issuance

Effective May 1, 2025, Brinker International executed a Fourth Amendment to its Credit Agreement, which updates and replaces the existing revolving credit commitments.
The amendment increases the credit facility from $900 million to $1,000 million, reprices loans at Term SOFR + 1.25% to 2.00%, and extends the maturity date to May 1, 2030.

May 5, 2025, 12:00 AM

8-K

Brinker Announces Q3 Fiscal 2025 Earnings, Guidance & Strategic Updates

EAT

Earnings

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Q3 F25 performance: Revenues reached $1.425B (in line with $1,413.0M ), operating income was $156.9M , with Chili’s delivering 31.6% same-store sales growth and overall comparable restaurant sales up 28.2% .
Company sales numbers reported $988M for Chili’s and $121M for Maggiano’s, with Maggiano’s same-store sales at 0.4% .
Operational efficiency improved with food cost at 25.0%, labor cost at 32.0%, and restaurant expenses reduced to 24.1% in Q3 F25 .
Updated Fiscal 2025 guidance: Annual revenues are expected between $5.33B-$5.35B and adjusted diluted EPS of $8.50-$8.75 , with capital expenditures forecast between $265M-$275M .
Strategic initiatives include repaying $125M in debt, lowering leverage to 1.9x , alongside planned product launches like the Big QP .

Apr 29, 2025, 2:00 PM

Transcript Presentation Press Release 8-K

Earnings Transcripts

Quarterly earnings call transcripts for BRINKER INTERNATIONAL.