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Mar 25, 2020
Brinker Intl. Q3 2020 Earnings Report
Announced a business update related to COVID-19, in addition to results for the third quarter of fiscal 2020.
Key Takeaways
Brinker International reported a decrease in earnings per diluted share on a GAAP basis, primarily due to reduced traffic and incremental expenses related to COVID-19, partially offset by reduced performance-based compensation expenses. Company sales increased due to the acquisition of Chili's restaurants, but comparable restaurant sales experienced significant declines due to the COVID-19 pandemic.
Earnings per diluted share decreased 38.2% to $0.81 compared to $1.31 in the third quarter of fiscal 2019.
Company sales increased 3.5% to $840.4 million compared to the third quarter of fiscal 2019.
Chili’s company-owned comparable restaurant sales decreased 5.3%.
Maggiano’s company-owned comparable restaurant sales decreased 9.9%.
Revenue by Segment
Forward Guidance
Brinker International did not provide specific forward guidance in this earnings report. They withdrew their fiscal year 2020 guidance, and do not have any further updates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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