Overview

* Brinker ( EAT ) fiscal Q1 revenue grows 18.5% yr/yr, beating analyst expectations

* Adjusted EPS for fiscal Q1 beats consensus, reflecting strong operational performance

* Chili's ( EAT ) comparable sales up 21.4%, while Maggianos' sales decline

* Company repurchased $92 mln of common stock in fiscal Q1

Outlook

* Brinker ( EAT ) reiterates fiscal 2026 revenue guidance of $5.60 bln to $5.70 bln

* Non-GAAP EPS for fiscal 2026 expected between $9.90 and $10.50

* Capital expenditures for fiscal 2026 projected at $270 mln to $290 mln

Result Drivers

* CHILIS PERFORMANCE - Strong sales and traffic growth at Chilis driven by menu enhancements, advertising, and improved operations

* MAGGIANOS CHALLENGES - Traffic declines at Maggianos, with initiatives in place to improve business as part of 'Back to Maggianos' strategy

* MARGIN IMPROVEMENT - Higher sales leveraged to improve margins and reinvest in the business

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $1.34 $1.33

REVENUE bln bln (17

Analysts

)

Q1 Beat $1.93 $1.77

Adjusted (19

EPS Analysts

)

Q1 EPS $2.17

Q1 18.80%

LIKE-FOR

-LIKE

GROWTH

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for Brinker International Inc ( EAT ) is $164.00, about 24.2% above its October 28 closing price of $124.26

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)