Brinker International Inc.
Brinker International Reports Q3 FY2024 Results and Updates Fiscal 2024 Guidance
Summary
Brinker International, Inc. reported a 3.3% increase in comparable restaurant sales for the third quarter of fiscal 2024, driven by favorable menu pricing. The company's total revenue for the quarter was $1,120.3 million, and net income was $48.7 million. Brinker also updated its fiscal 2024 guidance, expecting net income per diluted share (excluding special items) to be between $3.80 and $4.00, with total revenues expected to be between $4.33 billion and $4.35 billion.
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About Brinker International Inc.
Brinker International Inc. is a prominent player in the casual dining restaurant sector, owning and operating well-known brands such as Chili's Grill & Bar and Maggiano's Little Italy. Based in Dallas, Texas, Brinker focuses on delivering a variety of dining experiences ranging from Southwestern-inspired American classics at Chili's to Italian-American cuisine at Maggiano's. This diversity allows the company to appeal to a wide clientele, effectively balancing its market presence. Brinker International’s primary function is to manage and provide quality dining experiences through its chain of restaurants, emphasizing customer satisfaction and operational efficiency. As a major operator within the hospitality and dining industry, Brinker plays a significant role in shaping consumer dining preferences while contributing to economic activity through significant employment and supply chain networks. Its presence in the casual dining segment highlights the importance of service excellence and brand differentiation within the competitive food service market.
Official SEC Documents
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