earnings
confidence high
sentiment neutral
materiality 0.60
Brinker Q1 sales up 18% to $859.6M; GAAP EPS $0.28 vs $0.23; FY guidance reaffirmed
BRINKER INTERNATIONAL, INC
2022-Q1 EPS reported
$0.28
revenue$876,400,000
- Q1 company sales $859.6M (+18% YoY); GAAP EPS $0.28 vs $0.23; adjusted EPS $0.34 vs $0.28.
- Restaurant operating margin fell to 10.4% from 11.6% on higher labor, commodity costs.
- Comparable restaurant sales +17% vs FY21; Chili's +13.4%, Maggiano's +62.6%.
- Acquired 59 Chili's restaurants from franchisees (23 in Sept, 36 in Oct 2021).
- Reaffirmed FY22 guidance: total revenues $3.75-3.85B, adjusted EPS $3.50-$3.80.