Q3 26 EPS
$2.90
BEAT +1.30%
Est. $2.86
Q3 26 Revenue
$1.47B
MISS 0.25%
Est. $1.47B
vs S&P Since Q3 26
+34.3%
BEATING MARKET
EAT +38.9% vs S&P +4.6%
Market Reaction
Did EAT Beat Earnings? Q3 2026 Results
Brinker International delivered a modest earnings beat in its fiscal third quarter of 2026, posting adjusted EPS of $2.90 against a consensus estimate of $2.86, a 1.30% beat that extended the company's streak of topping EPS expectations to four conse… Read more Brinker International delivered a modest earnings beat in its fiscal third quarter of 2026, posting adjusted EPS of $2.90 against a consensus estimate of $2.86, a 1.30% beat that extended the company's streak of topping EPS expectations to four consecutive quarters. Revenue came in at $1.47 billion, essentially in line with estimates though a narrow 0.25% miss, representing 3.2% growth from the year-ago period. The headline driver behind the quarter was Chili's, which logged its 20th consecutive quarter of comparable restaurant sales growth at 4.0%, even as a sharp intra-quarter divergence told a more nuanced story; January comps were held to just 0.6% by Winter Storm Fern and a holiday calendar shift, while February and March both rebounded to 5.9%. Maggiano's remained a drag, with comparable sales falling 4.6% and restaurant operating margins compressing to 9.6% from 14.3%. With Raymond James reiterating a Buy rating and a $195.00 price target, investor attention now turns to updated full-year guidance, which narrows the revenue range to $5.78 billion to $5.82 billion and raises the low end of non-GAAP EPS guidance to $10.60 to $10.85.
Key Takeaways
- • Chili's 20th consecutive quarter of same-store sales growth at 4.0%, lapping a 31.6% comp
- • February and March Chili's comps both at 5.9% with positive traffic
- • Disciplined strategy focused on food, service, and atmosphere fundamentals
- • Menu innovation, everyday value proposition, and attention-capturing media and advertising
- • Menu pricing of 4.6% at Chili's offset by 1.2% traffic decline and 0.6% favorable mix
- • January Chili's comps of only 0.6% due to Winter Storm Fern and one fewer operating day
- • Maggiano's comparable restaurant sales declined 4.6% driven by lower traffic
- • Higher commodity costs, unfavorable menu item mix, and increased delivery fees pressured restaurant margins
EAT Forward Guidance & Outlook
Brinker updated its full-year fiscal 2026 guidance: total revenues are now expected to be $5.78 billion to $5.82 billion (narrowed from $5.76 billion to $5.83 billion). Non-GAAP EPS guidance was raised at the low end to $10.60–$10.85 (from $10.45–$10.85). Capital expenditures were lowered to $240.0 million–$250.0 million (from $250.0 million–$260.0 million). Diluted weighted average shares are expected to be 44.7 million to 45.0 million. Full-year projected new restaurant openings are 33–36.
EAT YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
EAT Revenue by Segment
With YoY comparisons, source: SEC Filings
“Chili's delivered its 20th consecutive quarter of same-store sales growth, up 4%, lapping a 31% increase a year ago.”
— Kevin Hochman, Q3 2026 Earnings Press Release
EAT Earnings Trends
EAT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EAT EPS Trend
Earnings per share: estimate vs actual
EAT Revenue Trend
Quarterly revenue: estimate vs actual
EAT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $2.86 | $2.90 | +1.30% | $1.47B | -0.25% |
| Q2 26 BEAT | $2.63 | $2.87 | +9.24% | $1.45B | +2.78% |
| Q1 26 BEAT | $1.77 | $1.93 | +8.79% | $1.35B | +1.28% |
| Q4 25 BEAT FY | $2.47 | $2.49 | +0.76% | $1.46B | +10.91% |
| FY Full Year | $8.87 | $8.90 | +0.35% | $5.38B | +0.37% |
| Q3 25 BEAT | $2.57 | $2.66 | +3.59% | $1.43B | +2.67% |