earnings
confidence high
sentiment negative
materiality 0.65
Brinker Q3 sales up 18% to $960.6M but operating margin falls to 5.0%; guides FY adjusted EPS $3.05-$3.30
BRINKER INTERNATIONAL, INC
2022-Q3 EPS reported
$1.68
revenue$2,782,600,000
- Q3 company sales $960.6M (+18% YoY); GAAP EPS $0.81, adjusted EPS $0.92 (vs $0.78).
- Operating income $49.4M (5.0% margin) down from $52.2M (6.3%); restaurant operating margin 12.2% vs 13.9%.
- Chili's comp sales +10.3%, Maggiano's +50.5%; total comparable sales +13.5%.
- FY2022 guidance: total revenues $3.75-$3.85B, adjusted EPS $3.05-$3.30, capex $160-$165M.
- Margins pressured by higher labor costs, training, overtime, commodity inflation, and repairs.