Brinker Targets Double-Digit EPS Growth Through 2029, Plans 30 New Chili's Yearly
EAT has more than doubled off its 52-week low of $100.3 on light trading volume (0.2× avg).
Summary
Brinker unveiled long-term targets at its investor day: double-digit annual adjusted EPS growth through fiscal 2029, 4-6% annual revenue growth, 30 new restaurants per year, and 3-5% annual share repurchases. This follows strong Q4 results and a $750M buyback authorization announced in August. The guidance signals sustained momentum at Chili's, which has been gaining share in casual dining. Management is doubling down on value pricing and hospitality to drive repeat visits. The 3-5% buyback commitment adds a meaningful capital return component on top of the existing authorization.
At the time of this announcement, EAT was trading at $206.68 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $100.30 to $254.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.