Brinker International(EAT)2025-01-29 13:08Financial Performance - Company sales for Q2 fiscal 2025 reached 1,063.7 million in Q2 fiscal 2024[3] - Operating income for Q2 fiscal 2025 was 62.4 million in Q2 fiscal 2024[3] - Net income for Q2 fiscal 2025 was 42.1 million in Q2 fiscal 2024, marking a 181.5% increase[3] - Adjusted EBITDA for Q2 fiscal 2025 was 107.0 million in Q2 fiscal 2024[3] - Total revenues for the thirteen weeks ended December 25, 2024, increased to 1,074.1 million for the same period in 2023, representing a growth of 26.5%[19] - Net income for the twenty-six weeks ended December 25, 2024, was 49.3 million for the same period in 2023, reflecting a significant increase of 218.5%[19] - Basic net income per share for the thirteen weeks ended December 25, 2024, was 0.95 for the same period in 2023, marking an increase of 180%[19] - Adjusted EBITDA for Q2 25 was 107.0 million in Q2 24, reflecting a 101% year-over-year increase[37] - Net income for Q2 25 was 42.1 million in Q2 24, marking a 181% increase[37] Sales and Revenue Growth - Comparable restaurant sales increased by 27.4%, with Chili's up 31.4% and Maggiano's up 1.8%[4] - Comparable restaurant sales for company-owned restaurants increased by 27.4% for Q2 2025 compared to Q2 2024, driven by a price impact of 5.0% and a traffic increase of 16.5%[29] - Chili's franchisees generated sales of approximately 216.9 million in Q2 fiscal 2024[13] - Franchise revenues for Q2 25 were 10.3 million in Q2 24, showing growth in franchise operations[34] Future Projections - The company expects total revenues for fiscal 2025 to be in the range of 5.25 billion[8] - Net income per diluted share, excluding special items, is projected to be between 8.00 for fiscal 2025[8] - The company plans to open 31 to 37 new restaurants in fiscal year 2025, with 22 openings projected for the second quarter[28] Operating Costs and Expenses - Total operating costs and expenses for the twenty-six weeks ended December 25, 2024, were 2,000.0 million in the same period in 2023, an increase of 14.2%[19] - Interest expenses decreased to 33.7 million in the same period in 2023, a reduction of 13.9%[19] - Interest expenses decreased to 16.7 million in Q2 24, reflecting improved financial management[37] Capital Expenditures and Cash Flow - Capital expenditures for fiscal 2025 are expected to be in the range of 260.0 million[8] - Cash flows from operating activities for the twenty-six weeks ended December 25, 2024, were 150.3 million for the same period in 2023, indicating a growth of 87.2%[25] Operational Efficiency - Q2 25 GAAP operating income for Chili's was 70.1 million in Q2 24, representing a 150% increase[34] - Restaurant operating margin for Chili's in Q2 25 was 18.7%, compared to 11.6% in Q2 24, indicating a significant improvement in operational efficiency[34] - The company plans to continue focusing on restaurant-level operational efficiency to enhance profitability in future quarters[35] Asset Management - The total assets of the company as of December 25, 2024, were 2,593.1 million as of June 26, 2024[22] - Depreciation and amortization expenses for Q2 25 were 41.3 million in Q2 24, indicating increased investment in assets[37]