Brinker International Reports Strong Q3 Earnings, Chili's Achieves 20th Consecutive Quarter of Sales Growth
Brinker Raises Outlook As Chili's Extends Blazing 20-Quarter Streak
Benzinga
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Brinker International Inc. reported third-quarter earnings of $2.90 per share, exceeding analyst expectations. Revenue reached $1.470 billion, with Chili's achieving a 20-quarter streak of same-store sales growth, despite challenges earlier in the year. The company raised its fiscal 2026 EPS guidance to between $10.60 and $10.85.
- 01Brinker International's adjusted earnings surpassed expectations at $2.90 per share.
- 02Chili's achieved a 20-quarter streak of same-store sales growth, increasing by 4% this quarter.
- 03The company raised its fiscal 2026 adjusted EPS guidance to $10.60-$10.85.
- 04Revenue for the quarter was $1.470 billion, aligning closely with analyst estimates.
- 05Brinker repurchased $108 million in shares during the quarter.
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Brinker International Inc. (NYSE:EAT) reported strong third-quarter results, with adjusted earnings of $2.90 per share, surpassing the analyst consensus of $2.87. Revenue for the quarter was $1.470 billion, slightly below the expected $1.474 billion. Comparable restaurant sales grew by 3.3%, with Chili's contributing a 4% increase, marking its 20th consecutive quarter of same-store sales growth. CEO Kevin Hochman noted that demand remained robust, recovering quickly from weather-related disruptions earlier in the year. Operating income rose to $166.6 million, with an operating margin of 11.3%. The company also announced an increase in its fiscal 2026 adjusted EPS guidance to a range of $10.60 to $10.85, up from the previous estimate of $10.45 to $10.85. Additionally, Brinker updated its revenue forecast for fiscal 2026 to between $5.78 billion and $5.82 billion. During the quarter, Brinker utilized operating cash flow to reduce debt and repurchased $108 million in shares.
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