Brinker International Reports Strong Q1 Fiscal 2027 Results and Raises Full-Year Guidance
Brinker International (EAT) delivered a robust first quarter for fiscal 2027, characterized by significant revenue growth and improved profitability. Total revenues rose 9.4% to $1.476 billion, while adjusted diluted EPS surged 44% to $2.77. The performance was largely driven by Chili's, which saw a 10.1% increase in same-store sales fueled by a 6.4% rise in guest traffic. In response to the strong start, management raised its full-year fiscal 2027 guidance for both revenue and adjusted EPS. While Maggiano's experienced a decline in same-store sales due to lower traffic, the company is leveraging operational efficiencies and productivity gains to expand restaurant operating margins. Brinker continues to invest in its 'reimage program' and strategic debt redemption to optimize its capital structure.
Tickers: $EAT
Topics: eps increase guidance raise revenue growth same-store sales stock buyback