NYSE$EAT

Brinker Intl. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Brinker International reported solid third quarter results driven by strong brands and value proposition, while navigating commodity and labor challenges.

Brinker International's Company sales increased to $960.6 million compared to $813.7 million in the third quarter of fiscal 2021. Net income per diluted share increased to $0.81 as compared to $0.73 in the third quarter of fiscal 2021.

  • Brinker International’s Company sales in the third quarter of fiscal 2022 increased to $960.6 million as compared to $813.7 million in the third quarter of fiscal 2021.
  • Chili’s Company sales in the third quarter of fiscal 2022 increased to $863.3 million as compared to $749.0 million in the third quarter of fiscal 2021.
  • Maggiano’s Company sales in the third quarter of fiscal 2022 increased to $97.3 million as compared to $64.7 million in the third quarter of fiscal 2021.
  • Net income per diluted share, on a GAAP basis, in the third quarter of fiscal 2022 increased to $0.81 as compared to $0.73 in the third quarter of fiscal 2021.

Headline financials

Total Revenue

$980M

Previous: $828M+18.3%
EPS (adj)

$0.92

Previous: $0.78+17.9%
Restaurant operating margin

$12.20

Previous: $13.90-12.2%
Capital Expenditures

-$109M

Previous: -$62.4M-74.7%
Free Cash Flow

-$72.4M

Previous: -$28.5M-154.0%
Net Income

$36.6M

Previous: $33.9M+8.0%
Operating Income

$49.4M

Previous: $52.2M-5.4%
Gross Profit

$710M

Previous: $615M+15.6%
Cash & Equivalents

$12.9M

Previous: $63.6M-79.7%
Total Assets

$2.46B

Previous: $2.31B+6.5%
Stock-Based Comp

$5.3M

Previous: $4.4M+20.5%

Revenue & EPS history

Brinker Intl. · Revenue · Quarterly

$980M

Q3 2022+18.3%vs Q3 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Brinker Intl. · $961M total across 2 segments · Q3 2022

  • Chili's
    $863M+13.1%
  • Maggiano's
    $97.3M+48.8%

Forward guidance

The uncertainties created by current macroeconomic conditions and the ongoing COVID-19 pandemic could cause actual results to differ materially from those projected.

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 2022

Historical avgQ3 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%

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