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Brinker International Inc (NYSE: EAT), parent company of Chili's® and Maggiano's Little Italy®, maintains this dedicated news hub for investors and industry observers. Access official press releases, financial updates, and strategic announcements from one of casual dining's most established operators.
This resource provides timely updates on earnings reports, leadership developments, and operational milestones. Track menu innovations, franchise expansions, and corporate initiatives that shape Brinker's position in the competitive restaurant sector. All content is sourced directly from company filings and authorized communications.
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Brinker International, Inc. (EAT) reported second-quarter fiscal 2021 results affected by COVID-19, with total revenues declining 12.5% to $760.7 million from $869.3 million in Q2 2020. Net income per diluted share dropped 64.4% to $0.26. Company sales fell 12% to $746.2 million, impacted by capacity limitations and altered consumer behavior. Off-premise sales partially offset declines. Cash flow from operations was $130 million, with liquidity at $657.8 million. Approximately 82% of Chili's and 69% of Maggiano's locations were operational as of January 20, 2021.
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.
