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Chilis owner Brinker posts higher Q1 revenue on menu price hike; raises guidance

By Reuters News


Overview

  • U.S. casual dining operator's fiscal Q1 revenue and adjusted EPS beat analyst expectations

  • Company repurchased $125 mln of its common stock in the quarter

  • Brinker raised full-year revenue and adjusted EPS guidance for fiscal 2027


Outlook

  • Brinker raises fiscal 2027 total revenue guidance to $6.23-$6.33 bln from $6.15-$6.27 bln

  • Company lifts fiscal 2027 net income per diluted share guidance, excluding special items, to $13.30-$13.90

  • Brinker expects 53rd week in Q4 to add about 2% to revenue and $0.70 to EPS


Result Drivers

  • CHILIS TRAFFIC AND PRICING - Co said Chilis sales rose due to higher guest traffic and menu price increases

  • BRAND INITIATIVES - Co attributed results to ongoing brand initiatives aimed at improving guest experience and market share

  • MAGGIANOS TRAFFIC DECLINE - Co said Maggianos sales fell due to lower guest traffic, partially offset by menu pricing


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$1.48 bln

$1.46 bln (18 Analysts)

Q1 Adjusted EPS

Beat

$2.77

$2.45 (20 Analysts)

Q1 EPS

$2.64

Q1 Like-For-Like Growth

9.10%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy"

  • Wall Street's median 12-month price target for Brinker International Inc is $270.00, about 37.3% above its October 27 closing price of $196.72

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Oct 27 - Cheesecake Factory beats Q3 revenue estimates on strong traffic, menu innovations

  • Oct 27 - Hilton beats Q3 adjusted EPS estimates, net income rises

  • Oct 27 - Travel + Leisure Q3 revenue tops estimates; raises EBITDA guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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