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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, Inc. (NYSE: EAT) will hold its earnings conference call at 10 a.m. Eastern Time on January 27, 2021, to discuss second quarter fiscal 2021 earnings, which will be released before the market opens on the same day. The call may include additional business updates. Interested parties can access the live audio webcast through Brinker's investor relations website. Brinker operates 1,660 restaurants, primarily under the Chili's Grill & Bar brand.
Brinker International (NYSE: EAT) announced a withdrawal of financial guidance for Q2 FY2021 due to COVID-19 impacts, including dining room closures and capacity limitations. CEO Wyman Roberts highlighted strong Chili's traffic in October but acknowledged challenges with rising COVID-19 cases. As of December 9, 77% of Chili's and 69% of Maggiano's restaurants were open. Comparable restaurant sales showed significant declines, with Chili's down up to 13.8% and Maggiano's down as much as 63.9%. The company reported $646 million in total liquidity as of December 11.
Brinker International (NYSE: EAT) reported its fiscal Q1 2021 results, showing a 41% decline in net income per diluted share to $0.23, attributed to ongoing COVID-19 impacts. Total revenues fell 5.8% to $740.1 million, though off-premise sales increased. The company generated $82.8 million in net cash from operations and reduced debt by $46.6 million. For Q2 2021, Brinker expects negative comparable restaurant sales and a diluted EPS of $0.40 to $0.60, amid uncertainties surrounding the pandemic.
Brinker International, Inc. (EAT) is set to hold its earnings conference call on Oct. 28, 2020, at 10 a.m. Eastern Time, to discuss its first quarter fiscal 2021 earnings. The earnings report will be released before the market opens on the same day. Investors can access the live audio webcast through Brinker's investor relations website. The company operates 1,663 restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brands, showcasing its position as a leading player in the casual dining sector.
Chili's Grill & Bar is launching a promotion with $5 Presidente Margaritas available from October 20 to November 3. Guests can enjoy these cocktails in-restaurant or To-Go, featuring high-quality ingredients. Additionally, customers can participate in the 'Margarita Party' campaign by ordering these drinks for a chance to win exclusive merchandise and prizes, including a margarita machine and a year of free Chili's meals. This initiative aims to enhance customer engagement during a challenging time and emphasize the restaurant's commitment to creating enjoyable experiences.
Chili's Grill & Bar launches its annual Create-A-Pepper campaign from Oct. 1 to Nov. 6, benefiting St. Jude Children's Research Hospital. The campaign encourages guests to donate $1 to color a pepper, contributing to the fight against childhood cancer. Since 2002, Chili's has raised over $77 million for St. Jude, aiming to eliminate treatment costs for families. In addition, Chili's continues a multi-year commitment to raise $30 million to support the St. Jude School Program, ensuring patients stay engaged in their education during treatment.
Chili's Grill & Bar is promoting a Labor Day road trip contest where participants can win free meals for a year. Customers are encouraged to visit any location, snap photos, and share them using the hashtag #ChilisRoadTrip from September 1-7. The contest includes prizes for first, second, and third place, including a $250 and $100 gift card. Chili's also provides a map with suggested road trip routes highlighting attractions and their restaurants. The initiative aims to boost engagement during a year of disrupted summer plans.
Brinker International (NYSE: EAT) reported a challenging first quarter of fiscal 2021 amid COVID-19, with 84% of its restaurants open but operating at reduced capacity. Comparable restaurant sales fell significantly: Chili's down 10.9% overall, with a 3.8% drop for opened dining rooms, and Maggiano's down 44.6%. The company’s liquidity stood at $576.2 million. For quarter one guidance, adjusted net loss per share is projected between $0.40 to $0.25, with expected comparable sales down in the low to mid-teens. Fiscal 2020 saw significant declines in revenue and margins due to the pandemic.
Brinker International, Inc. (NYSE: EAT) is set to hold its fourth quarter fiscal 2020 earnings conference call on August 12, 2020, at 10 a.m. Eastern Time. The earnings report will be released before the market opens on the same day. Investors can access the live audio webcast through Brinker's investor relations website, with a replay available for two weeks post-event. As of March 25, 2020, Brinker operates 1,675 restaurants, including 1,622 Chili's Grill & Bar and 53 Maggiano's Little Italy locations.
Brinker International (NYSE: EAT) has appointed Frances L. Allen and Alex G. Macedo to its Board of Directors. Allen, CEO of Checkers Drive-In, brings expertise in brand strategy and operations, while Macedo, former president of Tim Hortons, has extensive experience in restaurant operations. Their appointments are expected to enhance strategic thinking at Brinker as it continues innovating at its restaurant brands, including Chili's and Maggiano's.
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