Brinker International(US:EAT)2025-10-29 12:06Financial Performance - Brinker International reported first quarter sales of $1,335.4 million, a 21% increase compared to $1,127.3 million in the same period last year[3]. - Operating income for the first quarter was $117.9 million, up from $56.4 million, representing an increase of 61.5 million[3]. - Net income for the quarter was $99.5 million, compared to $38.5 million in the prior year, marking a 61.0 million increase[3]. - Total revenues for the thirteen-week period ended September 24, 2025, increased to $1,349.2 million, up 18.4% from $1,139.0 million for the same period in 2024[21]. - Net income for the same period rose to $99.5 million, compared to $38.5 million in the prior year, representing an increase of 158.2%[21]. - Basic net income per share increased to $2.23, up from $0.86, reflecting a growth of 159.1% year-over-year[21]. - Brinker reported a total operating income of $117.9 million in Q1 26, compared to $56.4 million in Q1 25, reflecting a growth of 108.5%[34]. - Net income for Q1 26 was $99.5 million, compared to $38.5 million in Q1 25, representing an increase of 158.2%[38]. Sales Performance - Comparable restaurant sales increased by 18.8%, with Chili's achieving a 21.4% increase, while Maggiano's experienced a decline of 6.4%[4]. - Chili's franchisees generated sales of approximately $269.5 million, an increase from $225.7 million in the prior year[15]. - Company-owned restaurant sales increased by 18.8% compared to the previous year, with Chili's domestic sales growing by 21.4%[30]. Guidance and Projections - Full year fiscal 2026 guidance includes total revenues expected to be between $5.60 billion and $5.70 billion[9]. - Net income per diluted share, excluding special items, is projected to be in the range of $9.90 to $10.50[9]. - Capital expenditures for fiscal 2026 are expected to be between $270.0 million and $290.0 million[9]. Tax and Financial Management - The effective income tax rate for the first quarter was 7.5%, lower than the statutory rate of 21.0% due to tax credits and benefits[11]. - Interest expenses decreased to $10.5 million from $14.3 million, indicating improved financial management[21]. - Interest expenses decreased to $10.5 million in Q1 26 from $14.3 million in Q1 25, a reduction of 26.6%[38]. Operating Costs and Expenses - The company recorded total operating costs and expenses of $1,231.3 million, up from $1,082.6 million, reflecting a 13.8% increase[21]. - Depreciation and amortization increased to $53.6 million in Q1 26 from $46.3 million in Q1 25, an increase of 15.7%[38]. Restaurant Operations - The company plans to open 32-38 new restaurants in fiscal 2026, with 7 openings in the first quarter[29]. - The company reported a total of 1,630 restaurants as of September 24, 2025, compared to 1,625 a year earlier[29]. - The non-GAAP restaurant operating margin for Chili's was 17.3% in Q1 26, up from 13.5% in Q1 25, an increase of 3.8 percentage points[34]. - Adjusted EBITDA for Q1 26 was $172.4 million, significantly higher than $111.6 million in Q1 25, marking a growth of 54.5%[38]. - Provision for income taxes in Q1 26 was $8.1 million, up from $3.8 million in Q1 25, indicating a rise of 113.2%[38]. - Maggiano's operating income for Q1 26 was a loss of $4.1 million, compared to a profit of $7.8 million in Q1 25, indicating a decline of 152.6%[34].