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Sep 24
Brinker Intl. Q1 2026 Earnings Report
Brinker International reported strong first-quarter fiscal 2026 results, driven by exceptional performance at Chili's, while Maggiano's experienced traffic declines.
Key Takeaways
Brinker International delivered robust financial results for the first quarter of fiscal 2026, with total revenues increasing by 18.5% to $1.349 billion and net income surging by 158% to $99.5 million. This growth was primarily fueled by Chili's, which saw a 21.4% increase in comparable restaurant sales, significantly outperforming the overall market. Maggiano's, however, faced challenges with a 6.4% decline in comparable restaurant sales.
Total revenues for Q1 fiscal 2026 reached $1.349 billion, an 18.5% increase from the previous year.
Net income for the quarter was $99.5 million, a substantial 158% increase year-over-year.
Chili's demonstrated exceptional performance with a 21.4% increase in comparable restaurant sales, driven by higher traffic, favorable sales mix, and menu pricing.
Maggiano's experienced a 6.4% decrease in comparable restaurant sales due to lower traffic, despite menu pricing adjustments.
Brinker Intl.
Brinker Intl.
Brinker Intl. Revenue by Segment
Brinker Intl. Revenue by Geographic Location
Revenue by Segment
Chili's Revenue
CapyFin.comMaggiano's Revenue
CapyFin.comRevenue by Geographic Location
Unspecified Revenue
CapyFin.com Forward Guidance
Brinker International is reiterating its full-year fiscal 2026 guidance, expecting total revenues between $5.60 billion and $5.70 billion, and non-GAAP diluted EPS between $9.90 and $10.50. Capital expenditures are projected to be in the range of $270.0 million to $290.0 million.
Positive Outlook
- Reiterated strong total revenue guidance for fiscal 2026, indicating continued growth.
- Reiterated non-GAAP diluted EPS guidance suggests confidence in profitability.
- Chili's strong Q1 performance provides a solid foundation for the rest of the fiscal year.
- Investments in food, service, and atmosphere are expected to sustain growth.
- Initiatives for Maggiano's, such as the 'Back to Maggiano's' strategy, aim to improve future performance.
Challenges Ahead
- Maggiano's experienced traffic declines in Q1, which could impact overall performance.
- The company faces a 'tough macro environment' as noted by the CEO.
- High sales comparisons in Q2 and Q3 present a challenge for continued growth.
- Inability to reliably forecast special items makes GAAP EPS guidance difficult.
- Various risks, including economic conditions, competition, and consumer preferences, could cause actual results to differ from forecasts.