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Jun 24, 2020
Brinker Intl. Q4 2020 Earnings Report
Provided business update related to the first quarter of fiscal 2021 and announced results for the fourth quarter and fiscal year 2020.
Key Takeaways
Brinker International reported a decrease in total revenues by 32.5% and a net loss of $49.2 million for the fourth quarter of fiscal year 2020, impacted by the COVID-19 pandemic, which was partially offset by the acquisition of 116 Chili’s restaurants and increased off-premise sales.
Comparable restaurant sales were negatively impacted by the COVID-19 pandemic.
The company continued strategic focus on value, off-premise, digital and scale.
Brinker successfully navigated through the pandemic.
It's Just Wings™ launched nationally in 1,050 Company-owned restaurants on June 23, 2020.
Revenue by Segment
Forward Guidance
Brinker International provided financial guidance for the first quarter of fiscal 2021, including adjusted net loss per diluted share, comparable restaurant sales, and operating cash flow.
Positive Outlook
- Adjusted net loss per diluted share is expected to be in the range of $0.40 to $0.25
- Operating cash flow is expected to be positive
- Weighted average diluted shares is expected to be 45.0 million to 46.0 million
- Comparable restaurant sales are expected to be down low to mid-teens
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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