Brinker Q1 FY24 GAAP EPS $0.16 vs ($0.69) loss; revenue up 6%; comp sales +5.8%

BRINKER INTERNATIONAL, INC

2024-Q1 EPS reported $0.16 revenue$1,012,500,000

Net income per diluted share $0.16 (GAAP), $0.28 non-GAAP; prior year loss of $0.69 GAAP, $0.57 non-GAAP loss.
Total revenues $1,012.5M, +5.9% YoY from $955.5M; company sales $1,002.0M, +5.9%.
Comparable restaurant sales +5.8%: Chili's +6.1%, Maggiano's +2.6%; traffic down 5.8% largely due to virtual brand de-emphasis.
Updated FY24 non-GAAP EPS guidance to $3.35-$3.65; total revenue reiterated $4.27B-$4.35B.
Restaurant operating margin (non-GAAP) improved to 10.4% from 6.0% a year ago.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRINKER INTERNATIONAL, INC reported first quarter of fiscal 2024 results: revenue $1,012.5, net income $7.2, EPS $0.16. Guidance reaffirmed.

Period: first quarter of fiscal 2024
Revenue: $1,012.5
Net income: $7.2
EPS: $0.16
Guidance: reaffirmed
Result: reported results

Exact text from the filing

top and bottom-line growth over the long term.” First Quarter Financial Results First Quarter 2024 2023 Variance Company sales $ 1,002.0 $ 946.1 $ 55.9 Total revenues $ 1,012.5 $ 955.5 $ 57.0 Operating income (loss) $ 24.2 $ (19.8) $ 44.0 Operating income (loss) as a % of Total revenues 2.4 % (2.1) % 4.5 % Restaurant operating margin, non-GAAP (1) $

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Source: SEC EDGAR

accession 0000703351-23-000049

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