Financial Performance - Brinker International reported a 13 5% year-over-year increase in same-store sales for Q4 2024, driven by a 6% jump in restaurant traffic and price increases [2] - Full-year revenue reached $4 4 billion, up nearly 7% from fiscal 2023 [2] - Adjusted diluted EPS for the full year was $4 10, below analyst expectations, and management forecasts a maximum of $4 75 for fiscal 2025, also below expectations [3] Stock Performance - Brinker's stock dropped approximately 13% following the earnings report, despite strong financial metrics [1] - Prior to the Q4 report, the stock had risen roughly 60% year-to-date, significantly outperforming the S&P 500 [4] - The stock currently trades at about 13 times its forward adjusted profit expectations, which is considered reasonable [5] Business Outlook - Brinker is viewed as a modestly growing, mature business, making its recent stock gains somewhat unexpected [4] - The company's ability to sustain higher revenue through increased menu prices, as seen in fiscal 2024, may not be sustainable in the long term [5] - Continued strong restaurant traffic could provide upside potential for the stock in future quarters and years [5]

Brinker International Today EAT Brinker International $61.50 -8.90 (-12.64%) 52-Week Range $28.23 ▼ $76.02 P/E Ratio 18.25 Price Target $57.34 Add to Watchlist Brinker International's NYSE: EAT stock price fell 15% following its Q4 release, which presented an appetizing dip for investors to snack on. Weaker-than-expected earnings and softer-than-expected guidance caused the dip, but that is the worst news to be found. The remaining details prove the company's strategy is working. Brinker International is gr ...

Core Insights - Brinker International's shares declined after missing fourth-quarter earnings estimates and providing a lower-than-expected full-year guidance due to rising expenses [1][2] - The company reported a year-over-year increase in operating costs and expenses by 11.7% [1][3] Financial Performance - For fiscal 2024 fourth-quarter, Brinker posted adjusted earnings per share (EPS) of $1.61, which was $0.14 below analysts' expectations [2] - Revenue increased by 12.3% year-over-year to $1.21 billion, surpassing forecasts [2] Cost Analysis - Operating costs and expenses rose to $1.14 billion, reflecting an 11.7% increase [3] - Excluding depreciation and general expenses, restaurant expenses increased by 10.8% to $910.5 million [3] Sales Performance - Comparable sales for Chili's restaurants increased by 14.8%, contributing to a 13.5% overall increase for the company [4] - Maggiano's saw a 2.5% increase in comparable restaurant sales [4] Future Outlook - For fiscal 2025, the adjusted EPS outlook is projected between $4.35 and $4.75, falling short of the consensus estimate of $4.84 [5] - Revenue outlook for fiscal 2025 is estimated between $4.55 billion and $4.62 billion, exceeding forecasts [5] - As of 11 a.m. ET Wednesday, Brinker stock was down 11.3% at $62.45, although shares are up approximately 45% year-to-date [5]

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 ...

Core Insights - Brinker International, Inc. reported strong financial results for the fourth quarter of fiscal 2024, with company sales reaching $1,196.5 million, a 12.4% increase from $1,064.8 million in the same quarter of fiscal 2023 [2][5]. - Comparable restaurant sales increased by 13.5%, driven by a 14.8% increase for Chili's and a 2.5% increase for Maggiano's [2][6]. - The company achieved an operating income margin of 6.1% and a restaurant operating margin of 15.2% for the fourth quarter [2][5]. Financial Performance - Total revenues for the fourth quarter were $1,208.2 million, up from $1,075.5 million in the previous year, marking a variance of $132.7 million [5]. - Operating income for the quarter was $73.1 million, compared to $59.3 million in the fourth quarter of fiscal 2023, reflecting a $13.8 million increase [5]. - Net income for the fourth quarter was $57.3 million, or $1.24 per diluted share, compared to $54.2 million, or $1.19 per diluted share, in the same quarter last year [3][30]. Comparable Restaurant Sales - For fiscal year 2024, comparable restaurant sales increased by 7.0%, with Chili's showing a 7.4% increase and Maggiano's a 3.5% increase [6][28]. - The increase in comparable restaurant sales for Chili's was attributed to menu pricing, higher traffic, and successful marketing campaigns [11][27]. Fiscal 2025 Guidance - The company expects total revenues for fiscal 2025 to be in the range of $4.55 billion to $4.62 billion [8]. - Net income per diluted share, excluding special items, is projected to be between $4.35 and $4.75 [8]. - Capital expenditures are anticipated to be between $195 million and $215 million [8]. Operational Insights - The company ended fiscal 2024 with no outstanding borrowings on its $900 million revolving credit facility and $64.6 million in cash [3]. - Brinker International continues to invest in its business, increasing staffing and maintenance expenses to enhance customer experience [2][4]. Segment Performance - Chili's company sales for the fourth quarter were $1,072.9 million, up from $943.6 million in the previous year, while Maggiano's sales were $123.6 million, slightly up from $121.2 million [10][11]. - Franchise revenues for Chili's increased to $230.1 million in the fourth quarter of fiscal 2024, compared to $227.0 million in the same quarter of fiscal 2023 [11]. Company Overview - Brinker International operates over 1,600 restaurants globally, including the well-known brands Chili's and Maggiano's [17]. - The company remains focused on delivering profitable and sustainable growth while maintaining high guest satisfaction metrics [4].

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 ...