Chief Financial Officer Joe Taylor to Retire at the End of Fiscal 2024Mika Ware to Succeed as Chief Financial Officer in Fiscal 2025Chris Caldwell Appointed Chief Information OfficerDALLAS, Feb. 26, 2024 /PRNewswire/ -- Brinker International Inc. (NYSE: EAT) today announced updates to its executive leadership team, including the retirement of Joe Taylor, EVP and Chief Financial Officer, the appointment of Mika Ware as SVP and Chief Financial Officer, effective June 27, 2024, and the appointment of Chris Cal ...

The U.S. restaurant industry put up an impressive show in 2023 despite inflationary pressures that saw the Federal Reserve adopt an aggressive interest rate hike policy. However, consumers continued to spend lavishly at restaurants.The retail sector saw sales decline during this period, but the restaurant business continued to grow, and the trend has remained in 2024.Restaurant sales jumped again in January. The Commerce Department said that sales at U.S. bars and restaurants (adjusted for seasonal variatio ...

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Shares of Brinker International (EAT) have been strong performers lately, with the stock up 19.9% over the past month. The stock hit a new 52-week high of $46.12 in the previous session. Brinker International has gained 6.1% since the start of the year compared to the 6.2% move for the Zacks Retail-Wholesale sector and the 1.4% return for the Zacks Retail - Restaurants industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earni ...

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Key PointsBrinker International is growing and optimizing its profits, guiding higher and ready to rally. Analysts are raising their targets and see this market setting a new multi-year high soon. The dividend isn't back yet but balance sheet improvements suggest it could be reinstated in F2025. 5 stocks we like better than Darden RestaurantsBrinker International Inc.'s NYSE: EAT share price is gaining traction after years of wallowing within a trading range. The move sparked by the FQ2/CQ4 earnings report ...

Brinker International, Inc. (EAT) reported second-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis. During the quarter, the company registered benefits from effective marketing and pricing strategies. It also reported sequential improvements in guest traffic, surpassing industry benchmarks.Following the results, the company’s shares moved up 5.2% during trading hours on Jan 31.Earnin ...

We're very bullish about where Maggiano's can go. So Dominique Bertolone has come into the business. He's been with us for about two months now. He spent a ton of time in the field just understanding what are opportunities for the business and just getting to know the people and building trust with our senior restaurant leaders, they are excited about what he's bringing to the table so far. So, he sees a brand that could be much more elevated than where it is today. Number two, I think you're going to see s ...