Brinker International Reports Q4 Fiscal 2026 Earnings and Provides Fiscal 2027 Guidance
Brinker International (EAT) reported strong fourth-quarter fiscal 2026 results, with total revenues reaching $1.53 billion, a 5.1% increase driven by same-store sales growth and menu pricing at its Chili's brand. Non-GAAP earnings per share rose to $3.07 from $2.49 in the prior year period. However, Maggiano’s segment saw negative same-store sales of -2.5%, attributed primarily to declining traffic. The company raised fiscal 2027 revenue guidance to between $6.15 billion and $6.27 billion, factoring in a projected 2% contribution from an extra operating week due to the calendar structure. Adjusted EPS for fiscal 2027 is expected to range from $12.60 to $13.40 per share. Brinker also announced plans to redeem $350 million of its outstanding bonds and acquire 12 Chili’s locations in Alabama and Mississippi. Despite overall growth, management noted challenges at Maggiano's, including slower-than-expected turnaround progress due to traffic declines and core guest losses.
Tickers: $EAT
Topics: guidance margin-improvement revenue same-store-sales