Brinker Q4 Comps Up 5%, FY26 EPS Jumps 30%; $750M Buyback Authorized
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 5.0% (Chili's +5.6%, Maggiano's -2.5%). Net income per diluted share surged 30% to $2.99, and adjusted EPS of $3.07 beat the prior year's $2.49. Full-year FY2026 EPS reached $10.87, a 31% increase. The company announced a new $750M share repurchase authorization, adding to the $400M already bought back in FY2026, and redeemed $350M of 8.25% notes in July. It will acquire 12 Chili's restaurants from a franchisee, closing August 27. Fiscal 2027 guidance includes revenue of $6.15B-$6.27B and adjusted EPS of $12.60-$13.40.
Updates
· SEC 8-K — The 8-K states the board authorized an additional $718.0 million buyback on August 10, bringing total available authority to $750.0 million.
At the time of this announcement, EAT was trading at $217.30 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $100.30 to $232.47. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.