Latest news with #Chili'sGrill&Bar
Yahoo
30-04-2025
- Business
- Yahoo
Brinker International (EAT) Tops Q3 Earnings and Revenue Estimates
Brinker International (EAT) came out with quarterly earnings of $2.66 per share, beating the Zacks Consensus Estimate of $2.48 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.26%. A quarter ago, it was expected that this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy would post earnings of $1.80 per share when it actually produced earnings of $2.80, delivering a surprise of 55.56%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Brinker International , which belongs to the Zacks Retail - Restaurants industry, posted revenues of $1.43 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.35%. This compares to year-ago revenues of $1.12 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Brinker International shares have added about 21.5% since the beginning of the year versus the S&P 500's decline of -6%. While Brinker International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Brinker International: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.12 on $1.35 billion in revenues for the coming quarter and $8.38 on $5.24 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the bottom 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, FAT Brands Inc. (FAT), has yet to report results for the quarter ended March 2025. This company is expected to post quarterly loss of $2.40 per share in its upcoming report, which represents a year-over-year change of -1.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. FAT Brands Inc.'s revenues are expected to be $145.5 million, down 4.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report FAT Brands Inc. (FAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Wall Street Journal
29-04-2025
- Business
- Wall Street Journal
Brinker Sales Momentum Continues as Chili's Value Play Resonates
Brinker International EAT -14.51%decrease; red down pointing triangle sales and profit soared in its latest quarter as Chili's Grill & Bar sales remained on a tear. The restaurant operator on Tuesday reported a 27.7% sales increase for its latest quarter, with Chili's posting a 31.6% jump in same-store sales. The Tex-Mex-inspired chain has posted a stunning sales comeback lately on the back of marketing that touts value, including a $10.99 '3 for Me' deal launched last year.
Yahoo
05-02-2025
- Business
- Yahoo
Chili's business booms over 3 for Me deal, Triple Dipper appetizer and viral cheese pull
While national restaurant chains are scaling back their locations, Chili's Grill & Bar has remained on top. The casual dining chain saw sales increase 31% last quarter at restaurants open for at least a year. This marked Chili's third consecutive quarter of double-digit sales growth. Why is Chili's so popular? Mainly social media, the company said. 'Our marketing team has done a great job of getting back into what we call the 'zeitgeist' or being relevant again,' Kevin Hochman, CEO of Chili's parent Brinker International told CNBC. Throughout last year, content creators took to TikTok to post their Chili's reviews, particularly for the "Triple Dipper" appetizer. The Triple Dipper lets customers pick three items from the 14 offerings. Items include fried mozzarella sticks, chicken wings, chicken crispers, sliders and Southwest eggrolls. The fried mozzarella sticks went viral because of the cheese pull, with people ordering it to see how far the melted cheese would stretch before breaking. On the social media platform X, Chili's engages with fans and promotes its "3 for Me" deal, allowing customers to order a drink, appetizer and select entree starting at $10.99. National chains: What stores and restaurants closed here in 2024 All things food: Roundups of the latest reviews, inspections, new and best restaurants Jensen Beach Address: 2988 N.W. Federal Highway Hours: 11 a.m. to 11 p.m. Sunday-Thursday; 11 a.m. to midnight Friday-Saturday Port St. Lucie Address: 2050 N.W. Courtyard Circle Hours: 11 a.m. to 11 p.m. Sunday-Thursday; 11 a.m. to midnight Friday-Saturday Stuart Address: 4205 S.E. Federal Highway Hours: 11 a.m. to 10 p.m. Sunday-Thursday; 11 a.m. to 11 p.m. Friday-Saturday Vero Beach Address: 940 U.S. Highway 1 Hours: 11 a.m. to 11 p.m. Sunday-Thursday; 11 a.m. to midnight Friday-Saturday Gianna Montesano is TCPalm's trending reporter. You can contact her at 772-409-1429, or follow her on X @gonthescene. This article originally appeared on Treasure Coast Newspapers: Chili's booms over 3 for Me, Triple Dipper and viral cheese pull
