Group 1 - The article discusses the goals and plans for the new year, emphasizing the importance of setting clear objectives and strategies for achievement [1] - The company, Goulart's Restaurant Stocks, specializes in analyzing restaurant stocks in the U.S. market, covering various segments such as QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] Group 2 - The founder of Goulart's Restaurant Stocks has a strong background in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership [1] - The company actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous experience includes accounting and business consulting for companies across LATAM, serving as an independent accountant and consultant [1]

Investors might want to bet on Brinker International (EAT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy, should get reflected in its stock p ...

The U.S. stock market is poised to end 2024 on a high, building on a remarkable bull run from early 2023. Despite minor setbacks, the S&P 500 has gained over 22% year to date. In a notable shift, the Federal Reserve recently enacted its first rate cut since 2020, reducing interest rates by 50 basis points, with another potential cut on the horizon. This policy pivot supports Wall Street’s continued upward momentum.While the U.S. economy’s fundamentals remain strong, this month could see added volatility due ...

Revenue and Sales Performance - Total revenues for the thirteen week period ended September 25, 2024 were $1,139.0 million, compared to $1,012.5 million for the same period in 2023, driven by a $128.3 million increase in comparable restaurant sales and $8.4 million from new restaurant openings[83] - Comparable restaurant sales for Company-owned restaurants increased by 13.0%, with Chili's domestic leading at 14.1% and Maggiano's at 4.2%[84] - Franchise revenues increased to $1.2 million in the thirteen week period ended September 25, 2024, primarily due to higher royalties and franchise advertising revenues, with Chili's franchisees generating $225.7 million in sales and Maggiano's franchisees generating $3.2 million[83] - Chili's domestic comparable restaurant sales increased by 13.9%, driven by a 6.8% price impact and a 6.5% traffic impact, while Maggiano's saw a 4.2% increase with a 10.8% price impact but an 8.7% decline in traffic[84] - Chili's total revenues increased by 13.5% to $1,030.4 million, driven by favorable comparable restaurant sales, menu pricing, higher traffic, and favorable menu item mix[99] - Maggiano's total revenues increased by 4.0% to $108.6 million, primarily due to favorable comparable restaurant sales driven by menu pricing and favorable menu item mix[106] Cost Management and Efficiency - Food and beverage costs increased to $284.3 million, representing 25.2% of Company sales, a 0.6% favorable variance compared to the same period in 2023, driven by menu pricing partially offset by higher commodity costs[89][90] - Restaurant labor costs rose to $377.4 million, or 33.5% of Company sales, with a 1.3% favorable variance due to improved labor efficiency[89] - Restaurant labor costs were favorable by 1.3% due to 2.4% sales leverage and 0.1% lower other labor expenses, partially offset by 0.8% higher hourly labor expenses and 0.4% higher manager salaries[91] - Restaurant expenses were favorable by 1.2% due to 2.5% sales leverage and 0.3% lower delivery fees, partially offset by 1.3% higher repairs and maintenance and 0.3% higher other restaurant expenses[91] - Chili's food and beverage costs were favorable by 0.6% due to 1.8% from menu pricing, partially offset by 0.6% unfavorable commodity costs and 0.6% unfavorable menu item mix[100] Restaurant Operations and Expansion - The company operated 1,625 restaurants as of September 25, 2024, including 1,170 Company-owned and 455 franchised locations, with 14 new franchise restaurant openings during the period[71][79] - The company plans to open 29-36 new restaurants in fiscal 2025, including 9-11 Chili's domestic and 19-24 Chili's international locations[81] - Investments in digital technology and off-premise options have enhanced the dine-in experience and expanded To-Go and delivery options, with the Chili's mobile app and delivery partnerships driving convenience[75] - The "3 for Me" value platform, offering a non-alcoholic drink, appetizer, and entrée starting at $10.99, continues to be a key traffic driver in the current economic environment[74] Financial Performance and Cash Flow - Net cash provided by operating activities increased by $3.7 million to $62.8 million, driven by higher operating income, partially offset by increased payments of performance-based compensation and interest[111] - Net cash used in investing activities increased by $10.9 million to $56.5 million, primarily due to higher spend on Chili's capital maintenance and equipment[112] - Net cash used in financing activities increased by $40.5 million to $54.7 million, primarily due to $50.1 million in share repurchase activity, partially offset by $11.0 million in net borrowing activity[112] - The company repurchased 1.1 million shares of common stock for $74.8 million in the thirteen-week period ended September 25, 2024, with $117.0 million remaining under the current share repurchase program[119] Debt and Credit Facility - The company has a $900.0 million revolving credit facility with an interest rate of 6.46% as of September 25, 2024, consisting of SOFR of 4.86% plus an applicable margin and spread adjustment of 1.60%[114] - The company repaid $350.0 million of 5.000% senior notes on October 1, 2024, using available capacity under the existing revolving credit facility[116] - The company expects to remain in compliance with covenants under the $900.0 million revolving credit facility and the terms of the indentures governing its 5.000% and 8.250% notes for the remainder of fiscal 2024[115] - A hypothetical 100 basis point increase in the current interest rate on the $25.0 million outstanding under the revolving credit facility would result in an additional $0.3 million of annual interest expense[124] Liquidity and Capital Expenditures - The company believes its current cash and cash equivalents, along with cash generated from operations and availability under the revolving credit facility, will be adequate to meet capital expenditure and working capital needs for at least the next twelve months[121] - Depreciation and amortization increased by $4.4 million, with additions for new and existing restaurant assets contributing $7.5 million and retirements reducing it by $6.1 million[93] General and Administrative Expenses - General and administrative expenses increased by $9.4 million, driven by $3.2 million in performance-based compensation and $1.9 million in payroll expenses[94] Commodity Price Risk - The company faces commodity price risk due to potential fluctuations in food and other commodity prices, which could negatively affect short-term financial results if cost increases are not passed on to customers[126]

Brinker International, Inc. (NYSE:EAT) Q1 2025 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Kim Sanders – Vice President of Investor Relations Kevin Hochman – President and Chief Executive Officer Mika Ware – Chief Financial Officer Conference Call Participants Jeff Farmer – Gordon Haskett Chris O’Cull – Stifel Dennis Geiger – UBS David Palmer – Evercore ISI Brian Vaccaro – Raymond James Jeffrey Bernstein – Barclays Andrew Strelzik – BMO John Ivankoe – JP Morgan Alex Slagle – Je ...

Brinker International, Inc. (EAT) reported first-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased from the prior-year reported figure. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Following the results, the company's shares rose 6.6% in the pre-market trading session. Positive investor sentiments were witnessed as EAT provided a better-than-expected outlook for fiscal 2025. EAT's Q1 Earnings and Reve ...

Brinker International (EAT) reported $1.14 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 12.5%. EPS of $0.95 for the same period compares to $0.28 a year ago.The reported revenue represents a surprise of +4.09% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.69, the EPS surprise was +37.68%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

Exhibit 99.1 BRINKER INTERNATIONAL REPORTS FIRST QUARTER OF FISCAL 2025 RESULTS AND UPDATES FISCAL 2025 GUIDANCE DALLAS (October 30, 2024) – Brinker International, Inc. (NYSE: EAT) today announced financial results for the first quarter ended September 25, 2024. First Quarter Fiscal 2025 Financial Highlights "Great food, with great service at industry leading value is driving strong Chili's sales and traffic," said President and CEO, Kevin Hochman, "Our continued success proves the importance of listening t ...

Core Insights - Brinker International, Inc. reported strong financial results for the first quarter of fiscal 2025, with total sales reaching $1,127.3 million, a 12.5% increase from $1,002.0 million in the same quarter of fiscal 2024 [2][3] - Comparable restaurant sales increased by 13.0%, driven by a 14.1% increase for Chili's and a 4.2% increase for Maggiano's, primarily due to menu pricing and higher traffic [2][4] - The company’s operating income margin improved to 5.0%, with restaurant operating margin (non-GAAP) increasing to 13.5% for the quarter [2][3] Financial Performance - Total revenues for Q1 fiscal 2025 were $1,139.0 million compared to $1,012.5 million in Q1 fiscal 2024, reflecting a variance of $126.5 million [3] - Operating income rose to $56.4 million from $24.2 million year-over-year, with net income increasing to $38.5 million from $7.2 million [3][20] - Adjusted EBITDA (non-GAAP) for the quarter was $111.6 million, up from $72.4 million in the prior year [3][34] Segment Performance - Chili's company sales increased to $1,018.9 million in Q1 fiscal 2025 from $897.8 million in Q1 fiscal 2024, while Maggiano's sales rose to $108.4 million from $104.2 million [9][11] - Franchise revenues for Chili's reached $225.7 million, up from $202.8 million in the previous year [11] - Company restaurant expenses as a percentage of sales decreased for both Chili's and Maggiano's, indicating improved operational efficiency [10][12] Guidance and Outlook - The company updated its full-year fiscal 2025 guidance, projecting total revenues between $4.70 billion and $4.75 billion, and net income per diluted share (excluding special items) in the range of $5.20 to $5.50 [6][7] - Capital expenditures are expected to be between $195 million and $215 million for the fiscal year [7] Comparable Restaurant Sales - Comparable restaurant sales for the company increased by 13.0%, with Chili's at 14.1% and Maggiano's at 4.2% [4][24] - The increase in comparable sales was attributed to menu pricing, higher traffic, and a favorable menu item mix [10][11] Restaurant Operations - The company continues to focus on enhancing guest experience through improved staffing and restaurant maintenance, which has led to increased labor and maintenance expenses [2][10] - The effective income tax rate for the first quarter was 9.0%, lower than the statutory rate due to the leverage of the FICA tip credit [13]

Wedbush lifted its price target on Brinker International Inc (NYSE:EAT) to $95 from $68 ahead of the company's fiscal first-quarter earnings report, which is due out before the open on Wednesday, Oct. 30. The shares of the Chili's and Maggiano's Little Italy parent were last seen up 2.1% to trade at $95.72.Today's pop pushed EAT to a record high of $96.28. The stock has been in rally mode amid competitor McDonald's (MCD) E. coli outbreak, with long-time support stemming from its 20-day moving average. So fa ...