secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0000703351-21-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker Q1 sales up 18% to $859.6M; GAAP EPS $0.28, adjusted $0.34; margins pressured
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335121000040/0000703351-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335121000040/eat-20211019.htm
  HTML page:      https://secwatch.observer/filing/0000703351-21-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer