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Jun 29, 2022
Brinker Intl. Q4 2022 Earnings Report
Brinker International reported a decrease in company sales and operating income, impacted by inflationary headwinds and the absence of an additional operating week compared to the previous year.
Key Takeaways
Brinker International reported Q4 fiscal year 2022 results, with company sales slightly decreasing to $987.4 million compared to $990.9 million in Q4 2021. Operating income significantly decreased to $44.7 million from $100.6 million year-over-year, primarily due to higher commodity and labor costs. Net income per diluted share was $0.90, down from $1.58 in the same period last year.
Company sales were $987.4 million compared to $990.9 million in the fourth quarter of fiscal 2021.
Operating income was $44.7 million versus $100.6 million in the fourth quarter of fiscal 2021.
Net income per diluted share was $0.90 compared to $1.58 in the fourth quarter of fiscal 2021.
Adjusted EBITDA was $100.2 million compared to $144.3 million in the fourth quarter of fiscal 2021.
Revenue by Segment
Forward Guidance
Brinker International anticipates for fiscal year 2023 with uncertainties created by current macroeconomic conditions.
Positive Outlook
- Total revenues are expected to be in the range of $3.9 - $4.0 billion.
- Net income per diluted share, excluding special items, is expected to be in the range of $2.45 - $2.85.
- Capital expenditures are expected to be in the range of $155 - $165 million.
- Weighted average shares are expected to be in the range of 44 - 45 million.
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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