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Mar 27, 2024
Brinker Intl. Q3 2024 Earnings Report
Reported strong third quarter results driven by progress on guest and team member experience, and traffic initiatives.
Key Takeaways
Brinker International reported a strong third quarter in fiscal year 2024, with company sales increasing to $1,108.9 million compared to $1,072.9 million in the third quarter of fiscal 2023. Comparable restaurant sales increased by 3.3%, driven by Chili's and Maggiano's. Net income was $48.7 million, with a diluted net income per share of $1.08.
Company sales were $1,108.9 million, up from $1,072.9 million in Q3 2023.
Comparable restaurant sales increased 3.3%, with Chili’s at 3.5% and Maggiano’s at 1.7%.
Operating income margin increased to 6.2%, and restaurant operating margin (non-GAAP) increased to 14.2%.
Diluted net income per share, excluding special items (non-GAAP), was $1.24, compared to $1.23 in Q3 2023.
Brinker Intl.
Brinker Intl.
Brinker Intl. Revenue by Segment
Revenue by Segment
Chili's Revenue
CapyFin.comMaggiano's Revenue
CapyFin.com Forward Guidance
Brinker International updated its full year fiscal 2024 guidance, expecting net income per diluted share, excluding special items, to be in the range of $3.80 - $4.00, and total revenues to be in the range of $4.33 billion - $4.35 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income