Brinker International(EAT)2025-04-29 12:07Financial Performance - Company sales for Q3 fiscal 2025 were 1,108.9 million in Q3 fiscal 2024[2] - Operating income for Q3 fiscal 2025 was 69.9 million in Q3 fiscal 2024, representing a 125.1% increase[3] - Net income for Q3 fiscal 2025 was 48.7 million in Q3 fiscal 2024, a 144.5% increase[3] - Adjusted EBITDA (non-GAAP) for Q3 fiscal 2025 was 122.4 million in Q3 fiscal 2024, an increase of 80.0%[3] - Total revenues reached 1,120.3 million in the prior year, reflecting a 27.1% increase[21] - Basic net income per share rose to 1.10 for the same period in 2024, representing a 143.6% increase[21] - Year-to-date net income reached 98.0 million in Q3 24, representing a 182.7% increase[37] Restaurant Performance - Comparable restaurant sales increased by 28.2%, with Chili's up 31.6% and Maggiano's up 0.4%[4] - Comparable restaurant sales for company-owned restaurants increased by 28.2% for Q3 2025 compared to Q3 2024, driven by a 17.7% increase in traffic[29] - Q3 25 GAAP operating income for Chili's was 97.2 million in Q3 24, representing a 103.1% increase[33] - Non-GAAP restaurant operating margin for Brinker was 157.1 million in Q3 24, reflecting a 69.8% increase[33] - Restaurant operating margin as a percentage of company sales for Q3 25 was 19.4%, up from 14.1% in Q3 24[33] Guidance and Projections - Full year fiscal 2025 revenue guidance is projected to be between 5.35 billion[9] - Net income per diluted share, excluding special items, is expected to be in the range of 8.75 for fiscal 2025[9] - Capital expenditures for fiscal 2025 are anticipated to be between 275.0 million[9] - The company plans to open 35-38 new restaurants in fiscal year 2025, with 29 openings projected for the third quarter[28] Costs and Expenses - Total operating costs and expenses for the thirteen weeks ended March 26, 2025, were 1,050.4 million in the prior year, marking a 20.8% increase[21] - Interest expenses decreased to 16.2 million in Q3 24, showing an 18.5% reduction[37] - Depreciation and amortization for Q3 25 was 42.6 million in Q3 24, indicating a 28.5% increase[37] Cash Flow and Assets - Cash flows from operating activities for the thirty-nine weeks ended March 26, 2025, were 280.4 million for the same period in 2024, indicating a 75.8% increase[26] - The company reported total assets of 2,593.1 million as of June 26, 2024[24] - Long-term debt and finance leases decreased to 786.3 million as of June 26, 2024, reflecting a reduction of 34.1%[24] Operating Efficiency - The company emphasizes that restaurant operating margin is a useful metric for evaluating restaurant-level operating efficiency, despite being a non-GAAP measure[34]