NYSE$EAT

Brinker Intl. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Brinker International's financial performance increased with higher company sales and net income per diluted share, driven by strong brand performance and strategic acquisitions.

Brinker International reported increased Company sales and operating income for the first quarter of fiscal year 2022. Company sales rose to $859.6 million, and operating income increased to $25.6 million. Net income per diluted share also increased to $0.28.

  • Brinker International's Company sales increased to $859.6 million compared to $728.2 million in the first quarter of fiscal 2021.
  • Chili's Company sales increased to $773.3 million compared to $675.0 million in the first quarter of fiscal 2021.
  • Maggiano’s Company sales increased to $86.3 million compared to $53.2 million in the first quarter of fiscal 2021.
  • Net income per diluted share increased to $0.28 as compared to $0.23 in the first quarter of fiscal 2021.

Headline financials

Total Revenue

$876M

Previous: $740M+18.4%
EPS (adj)

$0.34

Previous: $0.28+21.4%
Restaurant operating margin

$10.40

Previous: $84.2M-100.0%
Capital Expenditures

-$37.3M

Previous: -$13.6M-174.3%
Free Cash Flow

-$24.1M

Previous: -$2.9M-731.0%
Net Income

$13.2M

Previous: $10.7M+23.4%
Operating Income

$25.6M

Previous: $24.4M+4.9%
Gross Profit

$642M

Previous: $547M+17.5%
Cash & Equivalents

$31.2M

Previous: $58.8M-46.9%
Total Assets

$2.34B

Previous: $2.34B+0.2%
Stock-Based Comp

$4.3M

Previous: $3.9M+10.3%

Revenue & EPS history

Brinker Intl. · Revenue · Quarterly

$876M

Q1 2022+18.4%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Brinker Intl. · $1.01B total across 2 segments · Q1 2024

  • Chili's
    $908M+8.0%
  • Maggiano's
    $104M-1.0%

Forward guidance

The Company reaffirms the fiscal 2022 guidance released on August 18, 2021 and provides the following additional guidance for full year fiscal 2022 as follows:

Tailwinds

  • Total revenues are expected to be approximately $3.75 billion to $3.85 billion.
  • Net income per diluted share, excluding special items, is expected to be in the range of $3.50 and $3.80.

Headwinds

  • Due to the uncertainties created by the ongoing COVID-19 pandemic and the resulting labor and supply chain disruptions, forecasting business performance is not currently reliable.
  • These uncertainties, as well as other risks and uncertainties, could cause actual results to differ materially from those projected.
  • We are unable to reliably forecast special items such as restaurant impairments, restaurant closures, reorganization charges and legal settlements without unreasonable effort.
  • As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.
  • If special items are reported during fiscal 2022, reconciliations to the appropriate GAAP measures will be provided.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+4.3%

Avg return

30 days after

37%

25 / 67 earnings

Positive

+21.6%

Q3 2020

Best reaction

-14.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.9%+8.5%+9.5%
Q2 2026-0.5%+3.1%-5.8%
Q1 2026-7.3%-15.5%+23.8%
Q3 2025-14.8%-17.2%+4.9%
Q2 2025+16.3%+22.3%+6.6%
Q1 2025+5.9%+11.3%+36.3%
Q4 2024-4.7%-3.3%-0.0%
Q3 2024+10.7%+10.7%+40.6%
Q2 2024+13.1%+8.5%+13.6%
Q1 2024-0.2%+3.2%+10.7%
Q4 2023-8.6%-7.5%-13.6%
Q3 2023-3.2%-8.2%-0.9%
Q2 2023+2.6%+2.3%-2.0%
Q1 2023-9.3%-10.9%-1.0%
Q4 2022-5.7%-14.3%-15.9%
Q3 2022-12.3%-20.6%-24.2%
Q2 2022+7.2%+12.2%+6.0%
Q1 2022+2.3%+4.7%-15.7%
Q4 2021-0.5%+2.9%-1.6%
Q3 2021+8.5%-0.7%-6.4%
Q2 2021-4.3%-2.5%+9.6%
Q1 2021+3.0%+2.6%+21.3%
Q4 2020+21.6%+23.3%+44.5%
Q3 2020+21.6%+4.4%+37.7%
Q2 2020-0.2%-6.5%-21.6%
Q1 2020-1.4%+2.2%-0.7%
Q4 2019-6.9%-3.5%+5.9%
Q3 2019-4.2%-0.5%-11.7%
Q2 2019-11.3%-12.8%-3.5%
Q1 2019-0.6%+4.0%+22.6%
Q4 2018-1.6%+0.3%+6.4%
Q3 2018+6.5%+1.5%+0.3%
Q2 2018-3.2%-3.8%-8.0%
Q1 2018+4.1%+8.7%+17.3%
Q4 2017+3.1%+3.1%-10.9%
Q3 2017-0.5%-2.8%-11.7%
Q2 2017-7.1%-4.7%-9.8%
Q1 2017-8.4%-7.8%+5.9%
Q4 2016+15.2%+16.0%+8.3%
Q3 2016-6.1%
Q2 2016+1.0%
Q1 2016-7.3%
Q4 2015-5.2%
Q3 2015-3.5%
Q2 2015-2.7%
Q1 2015-5.9%
Q4 2014+2.5%
Q3 2014-4.2%
Q2 2014+7.6%
Q1 2014-0.2%
Q4 2013+8.9%
Q3 2013-3.0%
Q2 2013-2.2%
Q1 2013-10.0%
Q4 2012+2.8%
Q3 2012-1.0%
Q2 2012+0.7%
Q1 2012-3.8%
Q2 2010+1.9%
Q4 2009+1.9%
Q4 2011+1.9%
Q3 2011-0.4%
Q3 2010-0.4%
Q2 2011-1.2%
Q4 2010-1.7%
Q1 2011-1.7%
Q1 2010-1.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro