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Sep 23, 2020
Brinker Intl. Q1 2021 Earnings Report
Reported positive earnings and focused on organic growth through It's Just Wings, P&L management, and debt reduction.
Key Takeaways
Brinker International reported a decrease in total revenues due to capacity limitations and safety preferences, offset by increased off-premise sales and the acquisition of Chili's restaurants. However, the company returned to positive earnings in Q1.
Net income per diluted share decreased 41.0% to $0.23.
Net income per diluted share, excluding special items, decreased 31.7% to $0.28.
Net cash provided by operating activities was $82.8 million, with capital expenditures of $13.6 million, resulting in free cash flow of $69.2 million.
Net repayments of $46.6 million were made on the revolving credit facility, resulting in total available liquidity of $632.5 million.
Brinker Intl.
Brinker Intl.
Brinker Intl. Revenue by Segment
Revenue by Segment
Chili's Revenue
CapyFin.com Forward Guidance
Brinker International provided financial outlook for the second quarter of fiscal 2021.