NYSE$EAT

Brinker Intl. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Brinker International's Q3 2021 results reflected the continued impact from the COVID-19 pandemic, with operating income increasing and comparable restaurant sales showing improvement compared to fiscal 2020.

Brinker International reported increased operating income and restaurant operating margin for the third quarter of fiscal 2021. Chili's Company sales increased slightly, while Maggiano's Company sales decreased. The company provided revenue and net income per diluted share guidance for the fourth quarter of fiscal 2021.

  • Operating income increased to $52.2 million compared to $41.1 million in the third quarter of fiscal 2020.
  • Restaurant operating margin increased to 13.9% compared to 12.8% in the third quarter of fiscal 2020.
  • Chili's Company sales increased to $749.0 million compared to $748.7 million in the third quarter of fiscal 2020.
  • Net income per diluted share was $0.73, compared to $0.81 in the third quarter of fiscal 2020, and excluding special items, net income per diluted share was $0.78 compared to $1.28 in the third quarter of fiscal 2020.

Headline financials

Total Revenue

$828M

Previous: $860M-3.7%
EPS (adj)

$0.78

Previous: $1.28-39.1%
Restaurant operating margin

$13.90

Previous: $12.80+8.6%
Effective income tax rate

11.7%

No prior period
Capital Expenditures

-$62.4M

Previous: -$82M+23.9%
Free Cash Flow

-$28.5M

Previous: -$51.2M+44.3%
Net Income

$33.9M

Previous: $30.8M+10.1%
Operating Income

$52.2M

Previous: $41.1M+27.0%
Gross Profit

$615M

Previous: $633M-3.0%
Cash & Equivalents

$63.6M

Previous: $167M-62.0%
Total Assets

$2.31B

Previous: $2.59B-10.7%
Stock-Based Comp

$4.4M

Previous: -$700K+728.6%

Revenue & EPS history

Brinker Intl. · Revenue · Quarterly

$828M

Q3 2021-3.7%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Brinker Intl. · $828M total across 2 segments · Q3 2021

  • Chili's
    $763M+1.9%
  • Maggiano's
    $65.4M

Forward guidance

Brinker International provided financial outlook for the fourth quarter of fiscal 2021, expecting revenues between $950 million and $1.0 billion, and net income per diluted share, excluding special items, in the range of $1.55 to $1.70.

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 2021

Historical avgQ3 2021

-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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