earnings
confidence high
sentiment positive
materiality 0.75
Brinker Q2: Revenue $1.01B (+10.2%), EPS $0.62; guides FY non-GAAP EPS $2.60-$2.90
BRINKER INTERNATIONAL, INC
2023-Q2 EPS reported
-$0.05
revenue$1,974,500,000
- Revenue $1.01B (+10.2% YoY); net income per diluted share $0.62 vs $0.60; non-GAAP EPS $0.76 vs $0.71.
- Comparable restaurant sales +9.7%; Chili's +8.0%, Maggiano's +21.2% driven by pricing and mix.
- Restaurant operating margin (non-GAAP) 11.6% vs 12.1% YoY due to commodity inflation and higher expenses.
- Updated FY2023 guidance: revenue $4.05B-$4.15B; non-GAAP EPS $2.60-$2.90; cap ex $170M-$180M.
- CEO cites positive step forward with strategic pricing and margin improvement despite lower traffic.