Brinker Q3 adjusted EPS beats estimates, helped by Chili's growth

Brinker International

29/04/2026 11:24

Overview

US casual dining operator's fiscal Q3 revenue rose yr/yr, driven by Chili's same-store sales growth

Adjusted EPS for fiscal Q3 beat analyst expectations

Company repurchased $108 mln in stock during the quarter

Outlook

Brinker sees fiscal 2026 total revenues of $5.78 bln-$5.82 bln

Company raises fiscal 2026 non-GAAP EPS guidance to $10.60-$10.85

Brinker lowers fiscal 2026 capital expenditures forecast to $240 mln-$250 mln

Result Drivers

CHILI'S SALES GROWTH - Chili's company sales rose due to higher menu pricing, though partially offset by lower traffic

MAGGIANO'S SALES DECLINE - Maggiano's company sales fell due to lower traffic and restaurant closures, with menu pricing only partially offsetting the decline

HIGHER OPERATING COSTS - Both segments saw increased restaurant expenses as a percentage of sales, driven by unfavorable commodity costs, menu item mix, higher salaries, repairs, delivery fees and to-go supplies

Company press release: ID:nPn9gKMzJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$2.90
$2.87 (22 Analysts)
Q3 EPS
$2.87


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for Brinker International Inc is $188.00, about 45.6% above its April 28 closing price of $129.14

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)