Brinker International Reports Strong Q4 Earnings

Brinker International, the renowned restaurant operator based in Dallas, has reported impressive earnings for its fiscal fourth quarter. The company’s profits reached $54.2 million, or $1.19 per share, marking a significant increase from $40.2 million, or 90 cents per share, in the same quarter of the previous year.

After excluding one-time items, adjusted earnings amounted to $1.39 per share, surpassing the expectations of analysts polled by FactSet, who had predicted $1.31 per share. Additionally, Brinker International’s revenue climbed to $1.08 billion compared to $1.02 billion in the same quarter last year, as projected by FactSet analysts.

The company’s casual dining chain, Chili’s, witnessed an impressive 6.3% increase in comparable sales, taking into account store openings and closings. Similarly, Brinker International’s Italian restaurant brand, Maggiano’s, experienced a remarkable sales growth of 9.1%. Both chains benefited from higher menu prices and a favorable mix of menu items at Chili’s. However, both restaurants saw a decline in foot traffic.

These outstanding results showcase Brinker International’s ability to successfully navigate challenges and maintain a thriving business. With continued focus on their brand portfolio and strategic pricing, the company is poised for continued success in the market.