Chili's Sells So Many Margaritas, It Would Rank This Number As A Country
Portfolio Pulse from Chris Katje
Brinker International (NYSE:EAT), owner of Chili's Grill & Bar, reported a 5.8% increase in comparable sales year-over-year for Q1, with revenue of $1.012 billion. Chili's, known for its margaritas, would rank as the third-largest buyer of tequila if it were a country. The company's focus on 'core four' items, including margaritas, is part of its strategy to return to the basics of casual dining. Brinker projects FY2024 revenue of $4.27 to $4.35 billion and EPS of $3.35 to $3.65.
November 10, 2023 | 2:23 pm
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Brinker International reported strong Q1 results with a notable increase in sales, largely attributed to the popularity of Chili's margaritas. The company has a positive outlook for FY2024 with expected revenue between $4.27 and $4.35 billion and EPS of $3.35 to $3.65.
The positive earnings report and the unique highlight of Chili's margarita sales contribute to a strong brand image and could lead to increased investor confidence. The guidance for FY2024 indicates a positive trajectory for the company's financial performance, which is likely to have a favorable impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100