Brinker Guides FY27 Above Consensus as Chili's Momentum Drives 7.5% Stock Surge
EAT has more than doubled off its 52-week low of $100.3.
Summary
Brinker delivered a strong Q4 with company sales of $1.52B, up 5% year-over-year, and comparable restaurant sales growth of 5%, in line with Wall Street estimates. Chili's same-restaurant sales increased 5.6%, marking five consecutive years of growth, while Maggiano's slipped 2.5%. Adjusted earnings of $3.07 a share were just below the $3.09 analysts expected, but the company guided fiscal 2027 adjusted earnings of $12.60 to $13.40 a share on revenue of $6.15 billion to $6.27 billion, above consensus of $12.57 a share on $6.15 billion. Shares surged 7.5% to $237.91 in Wednesday trading, near the 52-week high of $242.775. This follows the 8-K filed earlier today confirming the strong Q4 and the $718M buyback authorization. The stock's reaction reflects confidence in Chili's sustained traffic and margin expansion, offsetting Maggiano's slower turnaround.
At the time of this announcement, EAT was trading at $241.17 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $100.30 to $242.78. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.