earnings
confidence high
sentiment neutral
materiality 0.60
Brinker Q1 sales up 18% to $859.6M; GAAP EPS $0.28, adjusted $0.34; margins pressured
BRINKER INTERNATIONAL, INC
2022-Q1 EPS reported
$0.28
revenue$876,400,000
- Company sales $859.6M vs $728.2M YoY; total revenues $876.4M.
- GAAP net income per diluted share $0.28 (up from $0.23); adjusted EPS $0.34 (up from $0.28).
- Restaurant operating margin fell to 10.4% from 11.6% on 150 bps higher labor and 60 bps higher commodity costs.
- Comparable restaurant sales +17.0% YoY (Chili's +13.4%, Maggiano's +62.6%); vs FY20, October MTD +6.6%.
- Company raised FY22 pricing target to 3%-3.5% to offset inflation; full Q1 earnings call on Nov 3, 2021.