📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Brinker International, Inc., together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding EAT

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	1.12M	$160.5M	0.21%	Mar 2026
Jim Simons Renaissance Technologies LLC	922.2K	$131.7M	0.21%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q4 2025

Confident Specific

Management used precise numbers throughout (e.g., Chili's comp +24%, restaurant margin 17.6%, AUV $4.5M, 2-year comp +39%) and provided detailed operational metrics and future plans, reflecting strong conviction in sustained performance.

Q1 2026

Confident Specific

Management repeatedly cites exact percentages (e.g., Chili's comp +21.4%, traffic +13.1%, 2-year stack +39%) and detailed consumer cohort data, showing no defensiveness. They openly discuss Maggiano's struggles and tariff headwinds, but frame them as manageable within reiterated guidance.

Q2 2026

Confident Specific

Management used definitive, data-rich language ('strong results', 'sustaining', 'the turnaround is real') and repeatedly cited precise metrics (8.6% comp, 680 bps industry outpace, 43% two-year cumulative comp, GWAP improvement from 2.9% to 2.1%). No hedging or defensive phrasing was present.

Q3 2026 latest

Confident Specific

The CEO and CFO repeatedly cited exact metrics (twentieth consecutive comp growth, 420 bps industry outperformance, 5.9% comps in Feb/March, 161% more chicken sandwiches post-launch) and gave detailed operational examples (North of Six, cycle time, host stand improvements). Language like 'very encouraged', 'very bullish', 'formula has proven quarter after quarter' underscores confidence.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Management demonstrated continued momentum with Chili's, beating industry benchmarks and showing accelerating outperformance. The chicken sandwich launch is off to a strong start, providing a new growth catalyst. Operational improvements (cycle time, North of Six) and reimage program offer clear levers for future traffic growth. Margins are expected to expand modestly despite commodity pressure, supported by sales leverage. Key watch items: sustainability of chicken sandwich lift, ability to maintain mid-single-digit comps while rolling tough compares, commodity inflation (especially beef), and progress on Maggiano's turnaround. The buyback and debt refinancing signal confidence in cash flow. Overall, the call reinforces the durability of the strategy and supports a constructive outlook.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Chili's same-store sales +4%, 20th consecutive quarter, industry outperformance 420 bps.

Revenue & Profitability

Third quarter total revenues were $1.47 billion, up 3.2% year-over-year. Consolidated comp sales were +3.3%. Adjusted diluted EPS was $2.90, up from $2.66 in the prior year. Adjusted EBITDA was $223.7 million, a 1.4% increase. Chili's same-store sales were +4% (price +4.6%, mix +0.6%, traffic -1.2%) with a 2.1% negative impact from weather and holiday shift.

Outlook

Management noted some consumer check management (softness in desserts and alcohol) but remains confident in mid-single-digit sales and positive traffic for Q4, rolling a +29% comparison from the prior year's Big QP launch. They see macro headwinds as external and controllable, focusing on food, service, and atmosphere. April started with mid-single-digit sales growth and accelerating industry outperformance to 560 basis points.

Growth Drivers

Key growth levers include the new chicken sandwich platform (launched April 14), which increased sandwich sales 161% in the first two weeks. The 'North of Six' initiative focuses on reducing cycle time and increasing throughput, with plans to roll out host stand improvements in Q2 of next fiscal. Menu renovation continues with salads, steaks, and abundant value across all categories. The reimage program (8-10 more this year, 60-80 in FY2027) and new unit growth ramp to a run rate by FY2029 are also key drivers.

Balance Sheet & CapEx

Capital expenditures for Q3 were $51.2 million, primarily maintenance spend. Fiscal 2026 CapEx guidance is $240-$250 million. The company completed four initial re-images and plans another 8-10 this fiscal year, 60-80 in fiscal 2027, and a cadence of 10% of the fleet annually from fiscal 2028. Additionally, Brinker plans to call its $350 million 8.25% bonds early in fiscal 2027 using revolver liquidity.

Margins

Restaurant operating margin was 18.4% (down 50 bps from prior year) due to higher food & beverage costs (+60 bps), restaurant expense (+50 bps, largely repair and maintenance), partially offset by labor favorability (+60 bps). Management expects margins to grow 30-40 bps year-over-year for fiscal 2026, driven by sales leverage. Food and beverage costs are expected to increase slightly in Q4 due to a beef contract, but labor leverage should offset.

Key Risks

Risks flagged include consumer check management (softness in desserts and alcohol), macro headwinds affecting consumer sentiment, weather impacts (Winter Storm Blair reduced sales by ~2.1%), and commodity inflation (mid-single digits, especially beef). The chicken sandwich launch is still early (only two weeks), so repeat purchase sustainability is unproven. Technology rollout (team member handhelds) has had glitches requiring a pause.

Generated by AI · Q3 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q4 2026 Q4 2026 2026-08-12

Chili's delivered its 21st consecutive quarter of same-store sales growth, with Q4 comps up 6% and strong momentum from new menu items and operational improvements. Fiscal 2026 saw revenue up 7.9% and adjusted EPS up 20.6%. FY27 guidance projects continued outperformance, with a 53rd week boosting results.

Q3 2026 Q3 2026 2026-04-29

Q3 saw continued strong sales and traffic growth, with Chili's outperforming the industry and launching a successful chicken sandwich platform. Margins were stable despite inflation, and guidance was raised for fiscal 2026. Share repurchases and reimage investments support future growth.

Q2 2026 Q2 2026 2026-01-28

Chili's delivered 8.6% same-store sales growth in Q2, outpacing the industry, with strong revenue and EPS gains. Guidance for fiscal 2026 was raised despite weather-related disruptions, and investments in menu innovation, reimaging, and marketing are expected to sustain momentum.

Q1 2026 Q1 2026 2025-10-29

Q1 delivered strong results with Chili's comp sales up 21.4% and traffic up 13%, while Maggiano's saw a 6.4% comp decline. Guidance is reiterated, with mid-single digit same-store sales growth expected for the rest of the year, and margins facing pressure from tariffs and Maggiano's investments.

Q4 2025 Q4 2025 2025-08-13

Chili's delivered industry-leading Q4 and FY2025 results, with double-digit same-store sales and margin expansion, while Maggiano's saw flat comps. Fiscal 2026 guidance projects continued revenue and EPS growth, positive comps each quarter, and increased investments in reimaging and new units.

📊 Analysis Methodology

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