Brinker International Inc. (EAT) stock soared 15.13% on Wednesday morning, following the company's impressive second-quarter fiscal 2025 results and raised full-year guidance.
The Dallas-based restaurant chain, which operates Chili's Grill & Bar and Maggiano's Little Italy, reported quarterly adjusted earnings of $2.80 per share, significantly beating analysts' average estimate of $1.82. Total revenues jumped 26.5% year-over-year to $1.36 billion, also exceeding expectations of $1.24 billion.
The strong performance was driven by robust comparable restaurant sales growth of 27.4% at company-owned restaurants, with Chili's leading the way at 31.4%. Chili's success was fueled by a 19.9% surge in traffic, as investments in advertising featuring industry-leading value offerings, coupled with operational improvements, drew in new and returning guests.
Bolstered by the impressive results, Brinker raised its fiscal 2025 guidance. The company now expects full-year revenues between $5.15 billion and $5.25 billion, up from its previous range of $4.70 billion to $4.75 billion. Adjusted earnings per share are projected to be $7.50 to $8.00, well above the prior estimate of $5.20 to $5.50.
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