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Updated · The Wall Street Journal · Apr 29Brinker International posts higher profit as Chili's drives fiscal Q3 sales growth
10 articles · Updated · The Wall Street Journal · Apr 29
- Net income rose to $127.9 million, or $2.87 per share, with total revenue reaching $1.47 billion in the quarter.
- Comparable-restaurant sales increased 3.3%, led by Chili’s 4% growth, and adjusted earnings of $2.90 per share beat analyst expectations.
- Brinker raised its fiscal-year guidance, citing Chili’s appeal to value-seeking customers amid industry-wide soft sales due to higher prices.
Chili's sales grew 4% as menu prices rose 4.3%. Is this real growth or just a reflection of inflation? Beyond value deals, what operational secrets fueled Chili's legendary turnaround while competitors like Papa Johns faltered? As Chili's thrives on value, can its struggling sister brand Maggiano's be saved, or is a sale inevitable? With GLP-1 drugs curbing appetites, how is Chili's adapting its '3 for Me' value deal for the long term? With AI saving 600 labor hours weekly, is automation the true secret weapon behind Chili's industry-leading performance?