NYSE$EAT

Brinker Intl. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced a business update related to COVID-19, in addition to results for the third quarter of fiscal 2020.

Brinker International reported a decrease in earnings per diluted share on a GAAP basis, primarily due to reduced traffic and incremental expenses related to COVID-19, partially offset by reduced performance-based compensation expenses. Company sales increased due to the acquisition of Chili's restaurants, but comparable restaurant sales experienced significant declines due to the COVID-19 pandemic.

  • Earnings per diluted share decreased 38.2% to $0.81 compared to $1.31 in the third quarter of fiscal 2019.
  • Company sales increased 3.5% to $840.4 million compared to the third quarter of fiscal 2019.
  • Chili’s company-owned comparable restaurant sales decreased 5.3%.
  • Maggiano’s company-owned comparable restaurant sales decreased 9.9%.

Headline financials

Total Revenue

$860M

Previous: $839M+2.5%
EPS (adj)

$1.28

Previous: $1.26+1.6%
Restaurant operating margin

$12.80

Previous: $14.30-10.5%
Company-owned comp sales

-5.9%

Previous: 2.6%-326.9%
Capital Expenditures

-$82M

Previous: -$128M+35.9%
Free Cash Flow

-$51.2M

Previous: -$78.2M+34.5%
Net Income

$30.8M

Previous: $49.8M-38.2%
Operating Income

$41.1M

Previous: $70.2M-41.5%
Gross Profit

$633M

Previous: $623M+1.7%
Cash & Equivalents

$167M

Previous: $12.2M+1270.5%
Total Assets

$2.59B

Previous: $1.26B+104.5%
Stock-Based Comp

-$700K

Previous: $5.8M-112.1%

Revenue & EPS history

Brinker Intl. · Revenue · Quarterly

$860M

Q3 2020+2.5%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Brinker Intl. · $749M total across 1 segment · Q3 2020

  • Chili's
    $749M

Forward guidance

Brinker International did not provide specific forward guidance in this earnings report. They withdrew their fiscal year 2020 guidance, and do not have any further updates.

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 Q3 2020

Historical avgQ3 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

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%

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