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Dec 23, 2020
Brinker Intl. Q2 2021 Earnings Report
Announced second quarter of fiscal 2021 results, negatively impacted by the ongoing COVID-19 pandemic with total revenues declined due to capacity limitations and personal safety preferences, partially offset by increased off-premise sales.
Key Takeaways
Brinker International reported a decrease in net income per diluted share on a GAAP basis, a decline in total revenues due to COVID-19 impacts, and a decrease in operating income. Increased off-premise sales partially offset the revenue decline. Approximately 82% of Chili’s and 69% of Maggiano’s restaurants were operating with open dining rooms as of January 20, 2021.
Net income per diluted share decreased 64.4% to $0.26 compared to $0.73 in the second quarter of fiscal 2020.
Net income per diluted share, excluding special items, decreased 65.3% to $0.35 compared to $1.01 in the second quarter of fiscal 2020.
Total revenues decreased 12.5% to $760.7 million compared to $869.3 million in the second quarter of fiscal 2020.
As of January 20, 2021, approximately 82% of Chili’s and 69% of Maggiano’s restaurants were operating with open dining rooms
Forward Guidance
Management will provide further details of the quarter and business updates on a live conference call on January 27, 2021.
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