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Mar 24, 2021
Brinker Intl. Q3 2021 Earnings Report
Brinker International's Q3 2021 results reflected the continued impact from the COVID-19 pandemic, with operating income increasing and comparable restaurant sales showing improvement compared to fiscal 2020.
Key Takeaways
Brinker International reported increased operating income and restaurant operating margin for the third quarter of fiscal 2021. Chili's Company sales increased slightly, while Maggiano's Company sales decreased. The company provided revenue and net income per diluted share guidance for the fourth quarter of fiscal 2021.
Operating income increased to $52.2 million compared to $41.1 million in the third quarter of fiscal 2020.
Restaurant operating margin increased to 13.9% compared to 12.8% in the third quarter of fiscal 2020.
Chili's Company sales increased to $749.0 million compared to $748.7 million in the third quarter of fiscal 2020.
Net income per diluted share was $0.73, compared to $0.81 in the third quarter of fiscal 2020, and excluding special items, net income per diluted share was $0.78 compared to $1.28 in the third quarter of fiscal 2020.
Revenue by Segment
Forward Guidance
Brinker International provided financial outlook for the fourth quarter of fiscal 2021, expecting revenues between $950 million and $1.0 billion, and net income per diluted share, excluding special items, in the range of $1.55 to $1.70.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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