Brinker Intl Inc Stock Price, News & Analysis

Brinker International's virtual brand, It's Just Wings, announced a partnership with YOKE to launch a brand ambassador program featuring 125 top college football players. This initiative aims to target young consumers at the intersection of food, gaming, and sports. The athletes will promote It's Just Wings on social media and at their universities. The partnership marks a strategic move as the brand anticipates increased visibility during the football season, with plans for two events via the YOKE gaming app. Special promotions include free delivery on orders over $10 until Oct. 31.

Brinker International, Inc. (NYSE: EAT) has acquired 23 Chili's Grill & Bar restaurants from franchisee Chesapeake Foods, Inc., funded through its credit facility. This strategic acquisition aims to bolster Brinker’s growth strategy and enhance its presence in the Mid-Atlantic region. The company anticipates that the transaction will be accretive to earnings per share (EPS) and cash flow in fiscal year 2022. Joe Taylor, Brinker’s CFO, highlighted the long-standing partnership with Chesapeake and the value of ownership in driving performance.

Brinker International, Inc. (NYSE: EAT) announced its in-person investor day will be on October 20, 2021, instead of the previously scheduled September 15. The event, taking place at Brinker’s Dallas headquarters from 9 a.m. CT to 12:30 p.m. CT, will provide insights into the company’s long-term strategic growth opportunities and operational updates. A live audio webcast will be available for remote attendees, with a replay accessible until November 3, 2021.

Brinker International (EAT) reported strong financial results for Q4 FY2021, ending June 30, 2021. Company sales reached $990.9 million, significantly up from $553.1 million in Q4 FY2020. For FY2021, total sales increased to $3.279 billion from $3.005 billion. Operating income surged to $100.6 million, a notable recovery from the previous year's loss. Net income per diluted share increased to $1.58 from a loss of $1.20. Despite the positive results, the company issued cautious guidance for FY2022 due to uncertainties from the ongoing pandemic.

Brinker International, Inc. (NYSE: EAT) will host its fourth quarter fiscal 2021 earnings conference call on Aug. 18, 2021, at 10 a.m. ET, following the earnings announcement prior to market opening. The call will provide insights into the company's financial performance and may include additional business updates. As of March 21, 2021, Brinker operated 1,657 restaurants, primarily under the Chili's Grill & Bar and Maggiano's Little Italy brands, showcasing significant operational scale in the casual dining sector.

Chili's Grill & Bar is hosting a summer giveaway called #ChilisGirlSummer, offering 25 exclusive starter packs and a grand prize all-expense paid trip to Miami for two. The starter pack includes items like a neon bathing suit, cowboy hat, gold-plated necklace, and a $25 Chili's gift card. Participants can enter by visiting chilisgirlsummer.com by August 6. This campaign aims to engage guests and promote brand interaction, celebrating an authentic summer vibe.

Brinker International (NYSE: EAT) announced the retirement of board member George R. Mrkonic effective November 17, 2021. Mrkonic has served on the board since September 2003, including roles as vice-chairman and chairman of the Compensation Committee. His contributions highlighted his global leadership experience and expertise in retail. CEO Wyman Roberts and chairman Joseph M. DePinto expressed gratitude for his insights and strategic input that supported Brinker's growth in the casual dining sector. Brinker operates 1,657 restaurants under Chili's and Maggiano's brands.

Chili's Grill & Bar has launched its new Chicken Sandwich, available for a limited time until June 30. This hand-breaded sandwich features a toasted brioche bun, juicy chicken breast, fresh toppings, and a unique Secret Sauce, all part of the special 3 for $10 menu for My Chili's Rewards members. The company emphasizes the quality and taste, having tested the sandwich for over a year. Customers can order it in-restaurant, To-Go, or via delivery. This promotion highlights Chili's commitment to providing high-quality dining experiences at an unbeatable value.

Brinker International (NYSE: EAT) reported its fiscal Q3 2021 results, showing signs of recovery as dining rooms reopened. Key highlights included a 27% increase in operating income to $52.2 million, and Chili's sales reaching $749 million, slightly up from $748.7 million in Q3 2020. However, net income per diluted share declined to $0.73 from $0.81 year-over-year. For Q4 2021, Brinker projects revenues between $950 million and $1 billion, with diluted EPS estimated at $1.55 to $1.70. The impacts of Winter Storm Uri led to a revenue decrease of $10.5 million during the quarter.