Shares of Brinker International (EAT) soared to an all-time high Wednesday when the restaurant chain operator beat profit and sales estimates and boosted its guidance as diners flocked to its Chili's locations.
The company, which also runs Maggiano's Little Italy, posted second-quarter fiscal 2025 adjusted earnings per share (EPS) of $2.80, with revenue jumping nearly 27% to $1.35 billion. Analysts surveyed by Visible Alpha were looking for $1.78 and $1.24 billion, respectively.
Comparable restaurant sales soared 27%, driven higher by a 31% gain at Chili's. Brinker noted Chili's sales growth came from a 20% rise in traffic, "generated by investments in advertising behind industry leading value that brought guests in and operational improvements that brought guests back."
Maggiano's Little Italy comparable restaurant sales were 1.8% higher.
CEO Kevin Hochman credited the strong performance to the company's improving fundamentals, which continue "to drive a better guest experience and sustained business results."
Brinker now sees full-year adjusted EPS of $7.50 to $8.00 and revenue of $5.15 billion to $5.25 billion. Previously, it estimated adjusted EPS of $5.20 to $5.50 and revenue of $4.70 billion to $4.75 billion.
Brinker International shares soared more than 15% to $178.79 after earlier hitting a record $180.00. They have more than quadrupled over the past year.
TradingView
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。