==Brinker (EAT) reported earnings on Wed 14 Aug 24 (b/o)

 

Brinker misses by $0.13, beats on revs; guides FY25 EPS below consensus, revs above consensus

• Reports Q4 (Jun) earnings of $1.61 per share, excluding non-recurring items, $0.13 worse than the FactSet Consensus of $1.74; revenues rose 12.3% year/year to $1.21 bln vs the $1.17 bln FactSet Consensus. 
• Comparable restaurant sales increased 13.5%, with an increase in comparable restaurant sales of 14.8% for Chili's and 2.5% for Maggiano's. 
• The comparable restaurant sales increase at Chili's was primarily due to increased menu pricing and higher traffic. The launch of the "Big Smasher" burger and the strength of Chili's advertising highlighting value drove traffic during the fourth quarter. 
• Additionally, the Chili's traffic increase of 5.9% includes a negative impact of approximately 2.3% from our strategic decision to de-emphasize virtual brands. Higher Company sales resulted in operating income margin increasing to 6.1% and restaurant operating margin (non-GAAP) increasing to 15.2% for the fourth quarter. Co issues mixed guidance for FY25, sees EPS of $4.35-4.75, excluding non-recurring items, vs. $4.80 FactSet Consensus; sees FY25 revs of $4.55-4.62 bln vs. $4.53 bln FactSet Consensus.