NYSE$EAT
Brinker Intl. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported positive top line growth and effective P&L management, resulting in double digit adjusted EPS growth.
Brinker International reported an increase in total revenues by 9.9% to $869.3 million and an increase in company sales by 11.3% to $847.5 million. The adjusted EPS increased by 13.5% to $1.01.
- GAAP earnings per diluted share decreased 12.0% to $0.73.
- Earnings per diluted share, excluding special items, increased 13.5% to $1.01.
- Company sales increased 11.3% to $847.5 million.
- Total revenues increased 9.9% to $869.3 million.
Headline financials
Revenue & EPS history
Brinker Intl. · Revenue · Quarterly
$869M
Revenue by segment
Brinker Intl. · $848M total across 2 segments · Q2 2020
- Chili's$728M+13.7%85.9%
- Maggiano's$119M-1.5%14.1%
Forward guidance
Brinker now increases our financial outlook with the following guidance changes based on year-to-date performance and estimates for the remainder of fiscal 2020:
Tailwinds
- Earnings per diluted share, excluding special items, is estimated to be in the range of $4.25 to $4.45
- Revenues are expected to be up approximately 9.0% to 10.0% primarily due to the acquisition of the 116 Chili’s restaurants
- Comparable restaurant sales at company-owned restaurants are expected to be up 1.75% to 2.50%
- General and administrative expense is expected to remain flat
- Effective income tax rate, excluding the impact of special items, is expected to be approximately 10.5% to 11.5%
Headwinds
- Restaurant operating margin is expected to be flat to fiscal 2019
- Capital expenditures are expected to be $140.0 million to $150.0 million
- 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 2020, 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 Q2 2020
-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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