NYSE$EAT
Brinker Intl. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Brinker's fourth quarter was a positive finish to a successful fiscal year, with the company posting one of its most profitable quarters in recent history.
Brinker International reported a strong fourth quarter for fiscal year 2021, with increased company sales, operating income, and net income per diluted share compared to the previous year. The company's multi-channel sales strategy and traffic-driven share gains contributed to outperformance of pre-pandemic sales and margin results.
- Brinker International's Company sales in the fourth quarter of fiscal 2021 increased to $990.9 million as compared to $553.1 million in the fourth quarter of fiscal 2020.
- Operating income in the fourth quarter of fiscal 2021 increased to $100.6 million as compared to the Operating loss of $53.2 million in the fourth quarter of fiscal 2020.
- Net income per diluted share, on a GAAP basis, in the fourth quarter of fiscal 2021 increased to $1.58 as compared to a Net loss per diluted share, on a GAAP basis, of $1.20 in the fourth quarter of fiscal 2020.
- In August 2021, the Company’s Board of Directors reinstated the share repurchase program, allowing for a total available authority of $300 million.
Headline financials
Revenue & EPS history
Brinker Intl. · Revenue · Quarterly
$1.01B
Revenue by segment
Brinker Intl. · $1.01B total across 2 segments · Q4 2021
- Chili's$914M+72.9%90.6%
- Maggiano's$94.6M+173.4%9.4%
Forward guidance
Due to the uncertainties created by the ongoing COVID-19 pandemic and the increasing impact of the Delta variant, forecasting business performance is not currently reliable and as a result, Brinker is providing a limited financial outlook for fiscal 2022.
Headwinds
- Commodity and labor inflation is expected to be in the mid-single digits.
- Excluding the impact of special items, the effective income tax rate is expected to be in the range of 14% to 15%.
- Capital expenditures are expected to be $155.0 million to $165.0 million.
- Diluted weighted average shares outstanding are expected to be in the range of 45.0 million to 47.0 million.
- We are unable to reliably forecast special items such as restaurant impairments, restaurant closures, reorganization charges and legal settlements without unreasonable effort.
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 Q4 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
| 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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