EAT

EX-99.1

2 fy27q1ex991-earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

BRINKER INTERNATIONAL REPORTS FIRST QUARTER FISCAL 2027 RESULTS AND UPDATES FISCAL 2027 GUIDANCE

DALLAS (October 28, 2026) – Brinker International, Inc. (NYSE: EAT) today announced its financial results for the first quarter ended September 23, 2026 and updated guidance for fiscal 2027.

First Quarter Fiscal 2027 Financial Highlights

“Chili’s delivered its 22nd consecutive quarter of same-store sales growth, up +10%, lapping a +21% from last year and a +14% from 2024 for a 3 year cumulative comp of +52%,” said Kevin Hochman, President and CEO of Brinker International. “The Chili’s flywheel of sustainable growth and market share gains keeps spinning, with industry leading value, world class marketing, and continued investments in operations that both attract new guests and keep regular guests coming back.”

In the first quarter of fiscal 2027, Company sales were $1,461.2 million compared to $1,335.4 million in the first quarter of fiscal 2026. Company comparable restaurant sales increased 9.1% in the first quarter of fiscal 2027, including 10.1% for Chili’s, as the brand drove positive traffic and continued outperformance against the casual dining industry. Our first quarter results reflect the continued success of our ongoing brand initiatives to improve the guest experience, further strengthened by the highly successful launch of our Big Crispy® chicken sandwich.

Net cash provided by operating activities was $169.1 million in the first quarter of fiscal 2027, compared to $120.8 million in the first quarter of fiscal 2026, driven primarily by an increase in operating income. Free cash flow, non-GAAP was $105.7 million in the first quarter of fiscal 2027, compared to $62.2 million in the first quarter of fiscal 2026. During the first quarter of fiscal 2027, the Company utilized operational cash flow to repurchase $125.0 million of the Company’s common stock and lowered its cost of capital by redeeming the outstanding $350.0 million 8.25% notes using funding from the revolving credit facility.

Financial results for the first quarter of fiscal 2027 and fiscal 2026 were as follows (in millions, except per share amounts and percentages):

First Quarter

20272026Variance

Company sales $1,461.2 $1,335.4 $125.8

Total revenues$1,475.6 $1,349.2 $126.4

Operating income$151.0 $117.9 $33.1

Operating income as a % of Total revenues10.2 %8.7 %1.5 %

Restaurant operating margin, non-GAAP(1) $258.0 $215.8 $42.2

Restaurant operating margin as a % of Company sales, non-GAAP(1) 17.7 %16.2 %1.5 %

Net income$113.3 $99.5 $13.8

Adjusted EBITDA, non-GAAP(1) $209.1 $172.4 $36.7

Net income per diluted share $2.64 $2.17 $0.47

Net income per diluted share, excluding special items, non-GAAP(1) $2.77 $1.93 $0.84

Net cash provided by operating activities, GAAP$169.1 $120.8 $48.3

Free cash flow, non-GAAP(1) $105.7 $62.2 $43.5

1

Comparable Restaurant Sales(2)

Q1:27 vs 26

Brinker9.1 %

Chili’s10.1 %

Maggiano’s(3.4)%

(1)See Non-GAAP Information and Reconciliations section below for more details.

(2)Comparable Restaurant Sales include restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed for 14 days or more are excluded from comparable restaurant sales. Percentage amounts are calculated based on the comparable periods year-over-year.

Updates to Full Year Fiscal 2027 Guidance

We are providing certain updated financial guidance for fiscal 2027, which includes a 53rd operating week in the fourth quarter. We estimate the impact of the additional operating week to be an increase of approximately 2.0% in Total revenues and $0.70 in Net income per diluted share, excluding special items, non-GAAP:

Updated Fiscal 2027 Guidance

Previous Fiscal 2027 Guidance

Total revenues$6.23 - $6.33 billion$6.15 - $6.27 billion

Net income per diluted share, excluding special items, non-GAAP$13.30 - $13.90$12.60 - $13.40

Previous Fiscal 2027 Guidance remains the same for the following:

Capital expenditures$265.0 - $285.0 million

Diluted weighted average shares42.0 - 43.0 million

The risks outlined in the Forward-Looking Statements paragraph of this press release, among other risks, could cause actual results to differ materially from forecasted results. We are unable to reliably forecast special items without unreasonable effort. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.

2

First Quarter of Fiscal 2027 Operating Performance

Segment Performance

The table below presents selected financial information (in millions, except as noted) related to our segments’ operational performance for the thirteen week periods ended September 23, 2026 and September 24, 2025:

Chili’sMaggiano’s

First QuarterVarianceFirst QuarterVariance

2027202620272026

Company sales $1,366.5 $1,236.2 $130.3 $94.7 $99.2 $(4.5)

Franchise revenues 14.2 13.5 0.7 0.2 0.3 (0.1)

Total

EX-99.1

2 fy26q4ex991-earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

BRINKER INTERNATIONAL REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2026 RESULTS AND PROVIDES FISCAL 2027 GUIDANCE

DALLAS (August 12, 2026) – Brinker International, Inc. (NYSE: EAT) today announced its financial results for the fourth quarter and fiscal year ended June 24, 2026 and provided guidance for fiscal 2027.

Fourth Quarter and Full Year Fiscal 2026 Financial Highlights

“Q4 2026 completes five consecutive years of Chili’s same-store sales growth, delivering an unprecedented 71% cumulative increase over that time,” said Kevin Hochman, President and CEO of Brinker International. “Our strong brand relevance, industry-leading value proposition, streamlined operations, and significant restaurant investments have created a competitive moat that positions Chili's to deliver sustainable, profitable growth.”

In the fourth quarter of fiscal 2026, Company sales were $1,521.2 million compared to $1,448.9 million in the fourth quarter of fiscal 2025. Company comparable restaurant sales increased 5.0% in the fourth quarter of fiscal 2026, including 5.6% for Chili’s, as the brand drove positive traffic and continued outperformance against the casual dining industry. Chili's sustained strong performance reflects disciplined execution across the business. Continued investments in food quality, service, atmosphere, menu innovation, everyday value, and high-impact marketing reinforced the strength of the brand and attracted new guests, reinforcing the Company's confidence in its ability to deliver sustainable long-term growth. Chili’s momentum accelerated in July with the sustained success of the Big Crispy chicken sandwich and other brand initiatives. Net income per diluted share and Net income per diluted share, excluding special items, non-GAAP, increased 30.0% and 23.3%, respectively, for the fourth quarter of fiscal 2026 compared to the fourth quarter of fiscal 2025.

During fiscal 2026, the Company utilized operational cash flow to repurchase $400.0 million of the Company’s common stock. Effective August 10, 2026, our Board of Directors authorized a total of $750.0 million under our existing share repurchase program.

Financial results for the fourth quarter and full year of fiscal 2026 and fiscal 2025 were as follows (in millions, except per share amounts and percentages):

Fourth QuarterFiscal Year

20262025Variance20262025Variance

Company sales $1,521.2 $1,448.9 $72.3 $5,750.9 $5,335.3 $415.6

Total revenues$1,535.8 $1,461.9 $73.9 $5,807.4 $5,384.2 $423.2

Operating income$167.0 $142.7 $24.3 $619.9 $512.0 $107.9

Operating income as a % of Total revenues10.9 %9.8 %1.1 %10.7 %9.5 %1.2 %

Restaurant operating margin, non-GAAP(1) $273.4 $258.2 $15.2 $1,026.4 $933.5 $92.9

Restaurant operating margin as a % of Company sales, non-GAAP(1) 18.0 %17.8 %0.2 %17.8 %17.5 %0.3 %

Net income$131.1 $107.0 $24.1 $487.0 $383.1 $103.9

Adjusted EBITDA, non-GAAP(1) $227.6 $212.4 $15.2 $847.2 $760.4 $86.8

Net income per diluted share $2.99 $2.30 $0.69 $10.87 $8.32 $2.55

Net income per diluted share, excluding special items, non-GAAP(1) $3.07 $2.49 $0.58 $10.74 $8.90 $1.84

1

Comparable Restaurant Sales(2)

Q4:26 vs 25FY:26 vs 25

Brinker5.0 %8.1 %

Chili’s5.6 %9.2 %

Maggiano’s(2.5)%(3.9)%

(1)See Non-GAAP Information and Reconciliations section below for more details.

(2)Comparable Restaurant Sales include restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed for 14 days or more are excluded from comparable restaurant sales. Percentage amounts are calculated based on the comparable periods year-over-year.

Subsequent to the end of the fiscal year, on July 16, 2026, the Company redeemed the outstanding $350.0 million 8.25% notes, and the payoff was funded with borrowings from the revolving credit facility. During the fourth quarter of fiscal 2026, the Company executed an agreement with a franchisee for the acquisition of 12 Chili’s restaurants located in Alabama and Mississippi, including the real estate for six of the locations, and the transaction is expected to close on August 27, 2026.

Full Year Fiscal 2027 Guidance

We are providing the following select financial guidance for fiscal 2027 which includes a 53rd operating week in the fourth quarter. We estimate the impact of the additional operating week to be an increase of approximately 2.0% in Total revenues and $0.70 in Net income per diluted share, excluding special items, non-GAAP:

Total revenues $6.15 billion - $6.27 billion

Net income per diluted share, excluding special items, non-GAAP$12.60 - $13.40

Capital expenditures$265.0 million - $285.0 million

Diluted weighted average shares 42.0 million - 43.0 million

The risks outlined in the Forward-Looking Statements paragraph of this press release, among other risks, could cause actual results to differ materially from forecasted results. We are unable to reliably forecast special items wi

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784333389.cc9390db

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.