Welcome to our dedicated page for Brinker Intl news (Ticker: EAT), a resource for investors and traders seeking the latest updates and insights on Brinker Intl stock.
Brinker International, Inc. (NYSE: EAT) is a globally recognized leader in the casual dining restaurant industry. Headquartered in Dallas, Texas, Brinker operates more than 1,600 restaurants across 31 countries and two territories, making it one of the world's most influential casual dining companies. Established in 1975, Brinker owns and franchises two major brands: Chili's® Grill & Bar and Maggiano's Little Italy®.
Chili's® Grill & Bar is renowned for its vibrant atmosphere and signature menu items, including slow-smoked baby back ribs, craft burgers, and sizzling fajitas. With a commitment to fresh, high-quality ingredients, Chili's offers a delightful dining experience for families and friends. The brand also engages in various community give-back initiatives, raising over $100 million for St. Jude Children's Research Hospital through guest donations.
Maggiano's Little Italy® specializes in Italian-American cuisine, offering both classic and contemporary dishes. With a focus on large group dining and carryout options, Maggiano's is the perfect venue for family gatherings and holiday celebrations. The restaurant offers a diverse menu featuring appetizers, entrees like Beef Tenderloin Medallions, and desserts that cater to varied palates.
Brinker's commitment to customer satisfaction and operational excellence is evident in its recent financial performance. For the second quarter of fiscal 2024, Brinker reported a 51.6% increase in net income per diluted share compared to the previous year. The company's strategy to simplify operations and enhance guest experiences has driven a 5.2% increase in comparable restaurant sales.
Innovation is at the core of Brinker's growth strategy. Recently, Chili's introduced the Espresso Martini with a unique twist, replacing traditional vodka with reposado tequila. Additionally, Chili's has partnered with NASCAR's Spire Motorsports to sponsor the No. 7 Chevrolet Camaro ZL1, driven by Corey LaJoie, further showcasing its innovative marketing approach.
Brinker's dedication to team member satisfaction is also noteworthy, with an impressive 87% retention rate at its Restaurant Support Center. This commitment to its people earned Brinker a spot as one of the best places to work in Dallas in 2016.
With a focus on continuous improvement, Brinker recently promoted Jeremy Linker to Senior Vice President of Brand Finance. Linker has been instrumental in shaping the company's pricing strategies and ensuring operational efficiency.
For investors and stakeholders, Brinker's robust financial health, strategic partnerships, and innovative marketing efforts present a promising outlook. The company's forward-thinking approach and dedication to quality make it a standout in the casual dining industry.
Brinker International (NYSE: EAT) has appointed Timothy (TJ) Johnson to its Board of Directors. Johnson brings over 30 years of experience with consumer-facing, global retail brands and more than a decade as a public company CFO. He currently serves as Chief Financial and Chief Administrative Officer at Victoria's Secret & Co since 2021, with planned retirement in June 2025.
Johnson's previous roles include CFO and Chief Administrative Officer at Big Lots, and corporate finance positions at Brands after starting his career at Coopers & Lybrand. He has served on The Aaron's Company board and qualifies as a financial expert with significant experience in financial planning, strategy development, accounting, investor relations, capital allocation, M&A, and risk management.
Chili's partners with Lifetime to create 'I'll be Home for National Margarita Day,' a 15-minute television event starring Maria Menounos and Taye Diggs, premiering February 19, 2025, at 10pm ET. The story follows former love interests reuniting at Chili's while trying to save their town's National Margarita Day traditions from a developer's plans.
As the leading seller of margaritas among U.S. restaurant brands, with over 25 million margaritas sold in 2024, Chili's is celebrating National Margarita Day (February 22) with special promotions, including a $5 Tequila Trifecta at participating locations and a $6 StrawEddy Margarita available throughout February. The company is also launching themed merchandise, including t-shirts and sweaters available on their website.
Chili's Grill & Bar announces its new 'Ride the 'Dente'™ campaign for the 2025 NASCAR season, extending its partnership with Spire Motorsports. The campaign celebrates Chili's rebranded Presidente Margarita®, a signature drink since 1994, featuring reposado tequila, brandy, and orange liqueur.
The partnership includes a full-length country music video featuring the Spire Motorsports No. 7 Chili's Ride the 'Dente Chevy, which will be showcased on FOX during Daytona races. Justin Haley and crew chief Rodney Childers will make their points racing debut in the specially designed vehicle during Daytona Speedweeks, culminating in the 67th Daytona 500.
The campaign includes special events like a meet-and-greet at Chili's Ormond Beach, the Chili's 'Ride the 'Dente' 200 ARCA Menards Series event, and National Margarita Day celebrations on February 22.
Brinker International (NYSE: EAT) reported strong financial results for Q2 FY2025. Company sales reached $1,346.1 million, up from $1,063.7 million in Q2 FY2024. Comparable restaurant sales increased 27.4%, with Chili's showing impressive growth of 31.4% and Maggiano's up 1.8%.
Chili's performance was particularly notable with a 19.9% increase in traffic, driven by advertising investments and operational improvements. The company's operating income margin improved to 11.5%, while restaurant operating margin (non-GAAP) rose to 19.1%. Net income increased significantly to $118.5 million, with earnings per diluted share reaching $2.61, up from $0.94 in the previous year.
Brinker International (NYSE: EAT) has announced its upcoming second quarter fiscal 2025 earnings conference call, scheduled for Wednesday, January 29, 2025, at 10 a.m. Eastern Time. The company will release its earnings results before the market opens on the same day. The live audio webcast will be accessible through Brinker's investor relations website, with a replay available for two weeks following the event. Thomson StreetEvents subscribers will also have access to the replay.
Brinker International has appointed Mike Wesley as Vice President of Marketing for Maggiano's Little Italy. Wesley brings nearly 15 years of industry experience, joining after a 14-year tenure at Yum! Brands where he served as VP of Brand Marketing for KFC U.S. This appointment follows recent leadership additions including President Dominique Bertolone and VP of Innovation and Growth Chef Anthony Amoroso. In his new role, Wesley will focus on amplifying the Maggiano's brand and driving key marketing and promotional strategies as the restaurant chain enters its next era of Italian American dining.
Chili's is launching a -edition Triple Dipper Dream Collection, inspired by their viral menu item that garnered over 200 million TikTok views. The collection, available from November 21, includes themed bedding, eye masks, and socks, priced from $10 to $100. This launch follows the Triple Dipper's success, with sales up 70% year over year in Q1. Additionally, Chili's is introducing Honey Chipotle Mozz to their secret menu, following the successful launch of Nashville Hot Mozz earlier this year.
Maggiano's Little Italy has unveiled new fall-inspired menu items and its Thanksgiving Family-Style menu for November 2024. The seasonal additions include Butternut Squash Ravioli, 'Riserva' Veal Parmesan, and Pumpkin Praline Cheesecake, available until December 4. The restaurant has also permanently added Fettucine Bolognese to its menu following positive guest feedback. The Thanksgiving menu, available November 28, features a three-course meal with multiple entrée, pasta, and dessert options, served family-style for both dine-in and carryout. Carryout packages serving up to five people can be ordered for hot or cold preparation, with orders required by 8 p.m. the day before pickup.
Brinker International (NYSE: EAT) reported strong first quarter fiscal 2025 results, with company sales reaching $1,127.3 million, up from $1,002.0 million in Q1 2024. Comparable restaurant sales increased 13.0%, with Chili's up 14.1% and Maggiano's up 4.2%. Operating income margin improved to 5.0%, while restaurant operating margin increased to 13.5%. Net income per diluted share was $0.84. The company updated its fiscal 2025 guidance, projecting total revenues between $4.70-$4.75 billion and adjusted earnings per share of $5.20-$5.50.
Brinker International, Inc. (NYSE: EAT) has rescheduled its first quarter fiscal 2025 earnings call to Wednesday, October 30, 2024, at 9:00 am Eastern Time. This change aims to minimize conflicts with other industry earnings announcements. The company will release its Q1 FY2025 results before the U.S. financial markets open on the same day.
Investors can access the live audio webcast through Brinker's investor relations website. A replay of the conference call will be available on the website for two weeks after the event and via Thomson StreetEvents for their service subscribers.
FAQ
What is the current stock price of Brinker Intl (EAT)?
What is the market cap of Brinker Intl (EAT)?
What brands does Brinker International operate?
Where is Brinker International headquartered?
How many restaurants does Brinker International own or franchise?
What are some signature menu items at Chili's® Grill & Bar?
What is Maggiano's Little Italy® known for?
How has Brinker International performed financially recently?
What community initiatives does Chili's support?
What innovative marketing efforts has Brinker undertaken recently?
Who is the new Senior Vice President of Brand Finance at Brinker?
What sets Brinker International apart in the casual dining industry?
