secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000703351-22-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker Q3 sales up 18% to $960.6M but operating margin falls to 5.0%; guides FY adjusted EPS $3.05-$3.30
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335122000018/0000703351-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335122000018/eat-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000703351-22-000018

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