Latest news with #Brinker
Yahoo
20-05-2025
- Business
- Yahoo
MercyOne releases statement about split with Medical Center Anesthesiologists
DES MOINES, Iowa — On Tuesday, MercyOne released a statement about its split with Medical Center Anesthesiologists. Last week it was announced that MercyOne was parting ways with long-time anesthesia partner, Medical Center Anesthesiologists (MCA). According to an email sent to MercyOne staff obtained by WHO 13, the split stemmed from MercyOne's transition to TogetherCare/ Epic Go Live, an electronic medical record system. MCA President-Elect Dr. Vincent Brinker told WHO 13 that the MCA knew about the transition to Epic but identified issues with the system. Dr. Brinker said the MCA provided temporary solutions to the issues, but MercyOne disagreed with those solutions, and ultimately decided to part ways. Exile Brewing Company wins gold at world beer competition Now, MercyOne is releasing a statement addressing the issue. It reads: Based on recent social media and news coverage, we recognize the need to share the broader situation of the MercyOne and MCA relationship to provide more accurate context for our community. MercyOne has a long history of providing exceptional health care and we are committed to continue providing that level of care and experience to our patients. In March, Medical Center Anesthesiologists (MCA) contacted MercyOne providing 180-day termination of their contract. To keep our partnership in place, MCA required MercyOne to provide more than double our financial support, forcing us to prudently request proposals from other organizations. Additionally, MCA was unwilling to chart patient status information during surgery using downtime procedures until MercyOne transitions to new technology for approximately six weeks. Ultimately, the decisions from MCA have led MercyOne to seek a new partnership with Vituity, a physician-owned entity. 'Vituity's mission is to improve lives. We work closely with local partners to ensure continuity of care, expand access, and create positive, lasting impact in the communities we serve,' says Vituity CEO Imamu Tomlinson, MD. 'At the heart of our culture is a deep commitment to empowering clinicians — so they can provide the best possible care and find purpose and fulfillment in the work they do every day.' The goal for MercyOne during this transition is to keep MCA providers in the new model to provide the same excellent service to our patients, our colleagues, and our community. Surgical clinical quality at MercyOne Des Moines is outstanding and achieves best in class results. Vituity is committed to continuing this tradition of clinical excellence. MercyOne After May 31, the MCA will no longer provide services to MercyOne Des Moines hospital downtown and Mercy Medical Center-West Lakes in West Des Moines. Metro News: Juvenile assaulted at Walnut Creek Campus in West Des Moines MercyOne releases statement about split with Medical Center Anesthesiologists Exile Brewing Company wins gold at world beer competition Some metro trails closed because of flash flooding Des Moines churches can act as emergency homeless shelters following council approval Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Business
- Yahoo
EAT Q1 Earnings Call: Brinker International Raises Guidance After Outperforming Sales and Margin Expectations
Casual restaurant chain Brinker International (NYSE:EAT) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 27.2% year on year to $1.43 billion. The company's full-year revenue guidance of $5.34 billion at the midpoint came in 1.8% above analysts' estimates. Its non-GAAP profit of $2.66 per share was 3.5% above analysts' consensus estimates. Is now the time to buy EAT? Find out in our full research report (it's free). Revenue: $1.43 billion vs analyst estimates of $1.39 billion (27.2% year-on-year growth, 2.6% beat) Adjusted EPS: $2.66 vs analyst estimates of $2.57 (3.5% beat) Adjusted EBITDA: $220.6 million vs analyst estimates of $203.4 million (15.5% margin, 8.5% beat) The company lifted its revenue guidance for the full year to $5.34 billion at the midpoint from $5.2 billion, a 2.7% increase Management raised its full-year Adjusted EPS guidance to $8.63 at the midpoint, a 11.3% increase Operating Margin: 11%, up from 6.2% in the same quarter last year Free Cash Flow Margin: 9.3%, up from 7% in the same quarter last year Locations: 1,626 at quarter end, up from 1,618 in the same quarter last year Same-Store Sales rose 25.9% year on year (3% in the same quarter last year) Market Capitalization: $6.47 billion Brinker International's first-quarter results reflected significant momentum in its core brands, with management attributing outperformance to operational improvements and disciplined execution on menu simplification and marketing. CEO Kevin Hochman highlighted the impact of menu streamlining, improved kitchen processes, and a focus on guest experience, noting, 'Our continued focus on the fundamentals of casual dining, food, service and atmosphere is accelerating performance.' The company's initiatives, including targeted digital marketing and operational changes, drove traffic gains and enhanced restaurant-level economics. Looking ahead, management raised full-year guidance, citing confidence in sustainable traffic growth and continued margin expansion. CFO Mika Ware emphasized that investments in labor, kitchen equipment, and guest experience are expected to support ongoing profitability, while maintaining pricing discipline. Ware explained, 'We're excited by the opportunities ahead to grow the base business,' and noted that Brinker is prepared to adjust its strategy as needed to address inflation and supply chain pressures. The leadership reiterated their commitment to reinvesting in core operations while evaluating future capital allocation and potential shareholder returns. Brinker International's management credited the strong quarter to targeted initiatives across operations, marketing, and menu innovation. They identified streamlined processes and brand differentiation as primary factors in both recent performance and the positive outlook for the rest of the year. Menu and Kitchen Simplification: Leadership emphasized the removal of low-performing menu items and sauces, allowing kitchen staff to operate more efficiently and focus on delivering consistent quality. This included adjustments to fry station workflows and new kitchen display features to reduce ticket times. Marketing and Brand Positioning: The company's marketing strategy centered on value-driven campaigns, including the launch of the Big QP burger and pop-culture promotions like the Chili's Scranton branch, which generated substantial brand impressions and reinforced Chili's value proposition in a crowded market. Operational Investments: Investments in labor, staff training, and new kitchen equipment, such as TurboChef ovens, were highlighted as supporting elevated guest volumes and driving improved restaurant operating margins. Management also stressed the importance of making team member roles more manageable to reduce turnover and maintain service quality. Maggiano's Turnaround Efforts: The Maggiano's brand followed a similar playbook, focusing on menu upgrades, reducing discounting, and simplifying operations. Management acknowledged near-term traffic volatility but expects these changes to drive long-term brand loyalty and profitability. Competitive Environment and Value: Management noted increasing promotional intensity across the industry but maintained that Brinker's focus on guest experience and perceived value differentiated its brands, enabling them to gain market share despite macroeconomic headwinds and heightened competition. Management's outlook for the next several quarters centers on sustaining traffic gains through continued operational enhancements and menu innovation, while navigating inflationary pressures and a competitive value environment. Focus on Menu Upgrades: Planned launches in ribs, appetizers, and other core items are expected to attract customers and improve pricing power, with management expressing optimism about the potential to expand sales from underpenetrated menu categories. Operational Productivity Investments: Ongoing investments in kitchen technology and staff training are intended to support higher guest volumes and improve four-wall economics, with anticipated productivity gains as teams adapt to increased traffic. Managing Cost Headwinds: Management highlighted the need to monitor commodity inflation, wage pressures, and potential tariffs, noting that a largely domestic supply chain and disciplined pricing strategy should help mitigate cost volatility. Flexibility in pricing and supply chain adjustments remain key priorities. David Palmer (Evercore ISI): Asked about the sustainability of same-store sales growth as comps become more challenging. CEO Kevin Hochman stressed ongoing improvements in food, service, and atmosphere as the foundation for future growth, stating, 'If we're better this year versus last year, we have confidence we'll continue to grow the comp.' Dennis Geiger (UBS): Inquired about shifts in drivers behind recent momentum, particularly regarding value platforms and marketing. CFO Mika Ware noted continued strong traffic and said momentum has not slowed, even as certain product mix benefits are expected to moderate. Chris O'Cull (Stifel): Sought clarification on capital expenditure increases and the rationale. Ware attributed the step-up to accelerated investments in new ovens and asset maintenance to sustain elevated sales levels, emphasizing the focus on maintaining updated restaurant assets. Christine Cho (Goldman Sachs): Questioned the impact of tariffs and inflation on food costs and pricing flexibility. Ware explained that over 80% of the supply chain is domestic and that current pricing strategies can absorb modest tariff impacts without significant margin risk. Jon Tower (Citi): Asked about the sources of Chili's traffic growth and whether it reflects new guests or increased frequency. Ware responded that the growth comes from all guest segments, including both new and returning customers, attributing it to enhanced guest experience and operational improvements. In tracking Brinker International's execution, our analysts will focus on (1) the success of upcoming menu innovations, especially the revamped ribs and appetizer offerings; (2) evidence that operational investments continue to support higher guest volumes without eroding margins; and (3) Maggiano's progress in driving sustainable traffic and profitability through its turnaround strategy. We will also monitor how the company manages industry-wide cost pressures and whether marketing initiatives sustain consumer engagement. Brinker International currently trades at a forward P/E ratio of 15.7×. Is the company at an inflection point that warrants a buy or sell? Find out in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
BRINKER INTERNATIONAL PROMOTES AARON WHITE TO EVP, BRINKER CHIEF OPERATING OFFICER AND CHIEF PEOPLE OFFICER
White continues her legacy of impact with an expanded role to lead operations DALLAS, May 12, 2025 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) today announced the promotion of longtime Brinker leader Aaron White to Executive Vice President, Chief Operating Officer and Chief People Officer for the company's restaurant brands, Chili's® Grill & Bar and Maggiano's Little Italy®. In this expanded role, she will oversee both Operations strategy and PeopleWorks across the Restaurant Support Center, Chili's and Maggiano's, with her leadership team focused on driving the company's next level of operational improvements to improve the team member and guest experience. White began her Brinker career 29 years ago as a Chili's server and bartender and has most recently served as Executive Vice President and Chief People Officer. Aaron has a track record of significant results in her almost three decades in Operations and PeopleWorks roles. Prior to her role as Brinker CPO, she was Chili's Co-Chief Operating Officer, supporting the brand's eastern U.S. locations. Aaron's teams have delivered huge results in the company's turnaround through simplification, redesigning work processes to be more efficient, and reawakening the ChiliHead culture that has been a key to Chili's success for the brand's 50 years. "Aaron has earned deep respect across the organization for her ability to strategize, get things done, bring people together, and elevate our culture. She's the kind of leader who both delivers results and does it in the right way that is both sustainable and culture-building," said Brinker CEO and President Kevin Hochman. "As we look toward our future growth and continue our simplification journey in our restaurants, Aaron will lead her team with deep expertise to ensure our operators' jobs are easier, more fun, and more rewarding and the Guest experience remains top of mind." In April 2025, she was named to the Nation's Restaurant News Power List: Women in Foodservice for her significant role in shaping the company's culture and driving organizational change. White will continue reporting to Brinker CEO and President Kevin Hochman. About Brinker International Brinker International, Inc. (NYSE: EAT) is one of the world's leading casual dining restaurant companies and proud home to two beloved brands: Chili's® Grill & Bar and Maggiano's Little Italy®. Since opening our first Chili's in Dallas in 1975, we've grown to own, operate or franchise more than 1,600 restaurants across 29 countries and two U.S. territories – serving bold flavors, handcrafted drinks, and genuine hospitality along the way. At Brinker, our purpose is simple: to make everyone feel special – whether you're catching up over sizzling fajitas, enjoying Italian favorites with family, grabbing takeout for a cozy night in, or a team member creating a memorable moment for a guest. Learn more about our brands, our culture, and our people at View original content to download multimedia: SOURCE Brinker International Payroll Company, L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Why Brinker International Stock Plummeted by Almost 17% This Week
The company posted some encouraging numbers in its latest earnings report. This wasn't good enough to calm investors who were nervous about the restaurant sector's immediate future, however. Brinker International (NYSE: EAT), the operator of popular restaurant chains, wasn't all that popular with investors over the past few days. Its stock price took a tumble of nearly 17% over the course of the week, according to data compiled by S&P Global Market Intelligence, due mostly to a quarterly earnings report the market didn't find very appetizing. Several analyst price target cuts added to the bearishness. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » For its fiscal third quarter of 2025, Brinker, which owns the Chili's and Maggiano's Little Italy restaurant chains and franchises, booked revenue of just under $1.43 billion. That was a beefy 27% increase year over year, and it also topped the average analyst estimate of $1.37 billion. The story was similar on Brinker's bottom line, as the company's generally accepted accounting principles (GAAP) net income more than doubled across the one-year stretch to $119 million. On a non-GAAP (adjusted), per-share basis, that profitability increased to $2.66 from $1.24. The consensus pundit projection was $2.49. It seems that these days, investors are worried about the effect of the current trade war on the U.S. economy. Typically, nonessential spending like restaurant meals is among the first household budget item to be sacrificed when tightening expenses. Given that, it wasn't altogether shocking that some analysts tracking Brinker stock are at least slightly less bullish than they were previously on its future. Pundits at Wells Fargo and Barclays both cut their price targets on the restaurateur. The former's John Parke reduced his to $150 per share from $165, while the latter's Jeffrey Bernstein cut his down to $155 from $165. Tellingly, both maintained their equivalents of hold recommendations on the shares. I'd be more optimistic about Brinker than either investors at large or the two analysts. The company has proven that it can post impressive growth numbers -- no mean feat in the challenging restaurant industry. If any such company is going to survive and thrive in an economic downturn, it's Brinker. Before you buy stock in Brinker International, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Brinker International wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $611,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $684,068!* Now, it's worth noting Stock Advisor's total average return is 889% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Wells Fargo is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy. Why Brinker International Stock Plummeted by Almost 17% This Week was originally published by The Motley Fool
NBC Sports
28-04-2025
- Sport
- NBC Sports
Titans "probably not" exercising Traylon Burks option for 2026
The deadline for teams to exercise their fifth-year options on the contracts of 2022 first-round picks is in a couple of days and the Titans don't have a difficult one to make. Wide receiver Traylon Burks was the team's first-round pick that year and the team has undergone serious changes since that point. They have a different head coach, they've changed General Managers twice and Chad Brinker has become the team's president of football operations. That kind of tumult speaks to how rough the last few years have been for the Titans and Burks has struggled along with the team. He's played 27 of a possible 51 games since being drafted and he has 53 catches for 699 yards and a touchdown, which is why Brinker said at a Monday press conference that the team is set to pass on Burks's $15.493 million option. 'We're still discussing all that, but, yeah, probably not,' Brinker said. Burks tore his ACL during the 2024 season and Brinker said 'Treylon's rehabbing, he's working, he's trying to get back' when asked about his status on Monday.
