Brinker Q4: EPS Beat, Marginal Sales Miss, Favorable Mix & Menu Pricing, And More
Portfolio Pulse from Nabaparna Bhattacharya
Brinker International, Inc. (NYSE:EAT) reported Q4 revenues of $1.076 billion, slightly missing the consensus of $1.080 billion. However, the company's adjusted EPS of $1.39 beat the $1.32 estimate. The company benefited from favorable food and beverage costs, reasonable income taxes, menu pricing, and a favorable menu item mix. Comparable sales increased by 6.6%, with an increase in comparable restaurant sales of 6.3% for Chili's and 9.1% for Maggiano's. EAT shares are trading lower by 3.77% to $35 on the last check Wednesday.

August 16, 2023 | 1:34 pm
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Brinker International's Q4 revenues slightly missed the consensus but the EPS beat the estimate. The company's shares are trading lower.
Despite beating EPS estimates, Brinker International's slight miss on revenue consensus seems to have negatively impacted the stock price. The company's shares are trading lower, indicating that investors may have had higher expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100