Brinker International, Inc. (EAT) reported mixed fourth-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same. However, the top and the bottom lines increased on a year-over-year basis. Following the mixed results, the stock declined 12% in the pre-market trading session on Aug 14. Earnings & Revenue Discussion In the quarter under review, Brinker reported adjusted earnings per share (EPS) of $1.61, missing the Zacks Consensus Estimate of $1.65. The co ...

Brinker International (EAT) reported $1.21 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 12.3%. EPS of $1.61 for the same period compares to $1.39 a year ago. The reported revenue represents a surprise of +4.33% over the Zacks Consensus Estimate of $1.16 billion. With the consensus EPS estimate being $1.65, the EPS surprise was -2.42%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Core Viewpoint - Brinker International reported quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.65 per share, but showing an increase from $1.39 per share a year ago [1][2] Financial Performance - The company posted revenues of $1.21 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.33%, compared to $1.08 billion in the same quarter last year [3] - Over the last four quarters, Brinker International has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2][3] Stock Performance - Brinker International shares have increased approximately 63% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [4] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $1.06 billion, and for the current fiscal year, it is $4.73 on revenues of $4.51 billion [8] - The trend for estimate revisions ahead of the earnings release was favorable, suggesting potential positive adjustments in earnings expectations [7] Industry Context - The Retail - Restaurants industry, to which Brinker International belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, indicating potential challenges ahead [9] - Another company in the same industry, Cracker Barrel Old Country Store, is expected to report a significant year-over-year decline in earnings, with a consensus EPS estimate of $1.16, reflecting a -35.2% change [10]

Exhibit 99.1 BRINKER INTERNATIONAL REPORTS FOURTH QUARTER OF FISCAL 2024 RESULTS AND PROVIDES FISCAL 2025 GUIDANCE DALLAS (August 14, 2024) – Brinker International, Inc. (NYSE: EAT) today announced financial results for the fourth quarter ended June 26, 2024, and provided financial guidance for fiscal 2025. Fourth Quarter Fiscal 2024 Financial Highlights Company sales were $1,196.5 million in the fourth quarter of fiscal 2024 compared to $1,064.8 million in the fourth quarter of fiscal 2023. Comparable rest ...

DALLAS, Aug. 14, 2024 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) today announced financial results for the fourth quarter ended June 26, 2024, and provided financial guidance for fiscal 2025. Fourth Quarter Fiscal 2024 Financial Highlights Company sales were $1,196.5 million in the fourth quarter of fiscal 2024 compared to $1,064.8 million in the fourth quarter of fiscal 2023. Comparable restaurant sales increased 13.5%, with an increase in comparable restaurant sales of 14.8% for Chili's and 2 ...

Among the Zacks Rank #1 (Strong Buy) list, Brinker International (EAT) and Texas Roadhouse (TXRH) are two stocks that stand out in terms of growth. Seeing increased traffic, these retail restaurant stocks should fulfill investors' appetites with their expansion. To that point, Brinker International's stock has soared +62% this year with Texas Roadhouse shares up nearly +40%. Image Source: Zacks Investment Research Higher Traffic at Chile's is Driving Brinker International's Growth Brinker International's mo ...

Wall Street analysts forecast that Brinker International (EAT) will report quarterly earnings of $1.65 per share in its upcoming release, pointing to a year-over-year increase of 18.7%. It is anticipated that revenues will amount to $1.16 billion, exhibiting an increase of 7.7% compared to the year-ago quarter. Over the last 30 days, there has been an upward revision of 6.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsid ...

Brinker International, Inc. (EAT) is scheduled to report fourth-quarter fiscal 2024 results on Aug 14, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 7.8%. How Are Estimates Placed? The Zacks Consensus Estimate for fiscal fourth-quarter earnings per share (EPS) is pegged at $1.65 per share, indicating an 18.7% increase from the prior-year reported figure of $1.39. The estimated figure moved up from $1.55 in the past 30 days. The consensus mark for revenu ...

In the latest market close, Brinker International (EAT) reached $61.75, with a -1.41% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 1.05%. Prior to today's trading, shares of the operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy had lost 5.42% over the past month. This has was narrower than the Retail-Wholesale sector's ...

The market expects Brinker International (EAT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 14, 2024, might help the stock move higher if these key num ...