Reports Q3 revenue $1.12B, consensus $1.12B. Reports Q3 comparable restaurant sales up 3.3% with an increase in comparable restaurant sales of 3.5% for Chili’s and 1.7% for Maggiano’s. “Our strong third quarter results were driven by the continued progress on guest experience, team member experience, and traffic driving initiatives,” said Kevin Hochman, Chief Executive Officer and President of Brinker International. “Those initiatives are allowing us to significantly outperform the industry on sales and traffic as well as continue to improve our restaurant four wall economics.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EAT:
- BRINKER INTERNATIONAL REPORTS THIRD QUARTER OF FISCAL 2024 RESULTS; AND UPDATES FISCAL 2024 GUIDANCE
- EAT Earnings this Week: How Will it Perform?
- Brinker price target raised to $54 from $50 at Raymond James
- Brinker price target raised to $50 from $48 at Evercore ISI
- Brinker price target raised to $48 from $47 at Jefferies