Chilis owner Brinker posts higher Q1 revenue on menu price hike; raises guidance

Brinker International

28/10/2026 11:55

Overview
U.S. casual dining operator's fiscal Q1 revenue and adjusted EPS beat analyst expectations
Company repurchased $125 mln of its common stock in the quarter
Brinker raised full-year revenue and adjusted EPS guidance for fiscal 2027

Outlook
Brinker raises fiscal 2027 total revenue guidance to $6.23-$6.33 bln from $6.15-$6.27 bln
Company lifts fiscal 2027 net income per diluted share guidance, excluding special items, to $13.30-$13.90
Brinker expects 53rd week in Q4 to add about 2% to revenue and $0.70 to EPS

Result Drivers
CHILIS TRAFFIC AND PRICING - Co said Chilis sales rose due to higher guest traffic and menu price increases
BRAND INITIATIVES - Co attributed results to ongoing brand initiatives aimed at improving guest experience and market share
MAGGIANOS TRAFFIC DECLINE - Co said Maggianos sales fell due to lower guest traffic, partially offset by menu pricing

Company press release: ID:nPn1wDlPRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.48 bln
$1.46 bln (18 Analysts)
Q1 Adjusted EPS
Beat
$2.77
$2.45 (20 Analysts)
Q1 EPS
 
$2.64
 
Q1 Like-For-Like Growth
 
9.10%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 3 "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 $270.00, about 37.3% above its October 27 closing price of $196.72
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Oct 27 - Cheesecake Factory beats Q3 revenue estimates on strong traffic, menu innovations
Oct 27 - Hilton beats Q3 adjusted EPS estimates, net income rises
Oct 27 - Travel + Leisure Q3 revenue tops estimates; raises EBITDA guidance

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(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.)