secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000703351-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker Q2: Revenue $1.01B (+10.2%), EPS $0.62; guides FY non-GAAP EPS $2.60-$2.90
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335123000004/0000703351-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335123000004/eat-20230201.htm
  HTML page:      https://secwatch.observer/filing/0000703351-23-000004

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