NYSE$EAT
Brinker Intl. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported an increase in company sales and favorable food and beverage costs, driving improved financial results.
Brinker International reported a strong start to fiscal year 2024, with increased company sales and favorable food and beverage costs driving improved financial results. Net income per diluted share was $0.16, compared to a net loss per diluted share of $0.69 in the same quarter last year. Comparable restaurant sales increased by 5.8%, with Chili's and Maggiano's showing positive growth.
- Net income per diluted share was $0.16, a significant improvement from the net loss per diluted share of $0.69 in Q1 2023.
- Net income per diluted share, excluding special items (non-GAAP), was $0.28, compared to a net loss per diluted share, excluding special items (non-GAAP), of $0.57 in Q1 2023.
- Comparable restaurant sales increased by 5.8%, driven by a 6.1% increase at Chili's and a 2.6% increase at Maggiano's.
- Operating income margin increased to 2.4%, and restaurant operating margin (non-GAAP) increased to 10.4%.
Headline financials
Revenue & EPS history
Brinker Intl. · Revenue · Quarterly
$1.01B
Revenue by segment
Brinker Intl. · $1.01B total across 2 segments · Q1 2024
- Chili's$908M+8.0%89.7%
- Maggiano's$104M-1.0%10.3%
Forward guidance
Brinker International updated its full year fiscal 2024 guidance, expecting net income per diluted share, excluding special items, non-GAAP, to be in the range of $3.35 - $3.65. The company reiterated its guidance for total revenues to be in the range of $4.27 billion - $4.35 billion, weighted average shares to be in the range of 45 million - 46 million, and capital expenditures to be in the range of $175 million - $195 million.
Tailwinds
- Net income per diluted share, excluding special items, non-GAAP, is expected to be in the range of $3.35 - $3.65.
- Total revenues are expected to be in the range of $4.27 billion - $4.35 billion.
- Weighted average shares are expected to be in the range of 45 million - 46 million.
- Capital expenditures are expected to be in the range of $175 million - $195 million.
Headwinds
- Potential changes in macroeconomic conditions could cause actual results to differ materially from those projected.
- The company is unable to reliably forecast special items without unreasonable effort.
- Risks related to general economic conditions, including inflation.
- Disruptions on the business including consumer demand, costs, product mix, strategic initiatives, partners’ supply chains and operations.
- Impact of competition and changes in consumer preferences.
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 2024
-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
| Quarter | Report date | Reaction (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% | — | — |
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