Companies /Consumer Cyclical

Brinker International Inc

NYSE: EAT Restaurants
$234.88
▼ $6.05 (−2.51%) today
Markets open · 2:57pm ET

Q2 2026 Earnings

Reported Jan 28, 2026, 8:01am ET · SEC source
$2.87
Beat +9.24%
EPS · est. $2.63
$1.5B
Beat +2.78%
Revenue · est. $1.4B
−7.8%
Trailing market
EAT vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0Jan 28Jan 29report 8:01am ETearnings−0.8%−2.8%
−6%−3%0Jan 28Jan 29earnings−0.8%−2.8%
EAT −2.8%S&P 500 −0.8%
−6%−3%0Jan 28Jan 29report 8:01am ETearnings−1.6%−2.8%
−6%−3%0Jan 28Jan 29earnings−1.6%−2.8%
EAT −2.8%NASDAQ −1.6%
−6%−3%0Jan 27Feb 5report 8:01am ETearnings−2.4%−1.6%
−6%−3%0Jan 27Feb 5earnings−2.4%−1.6%
EAT −1.6%S&P 500 −2.4%
−6%−3%0Jan 27Feb 5report 8:01am ETearnings−5.6%−1.6%
−6%−3%0Jan 27Feb 5earnings−5.6%−1.6%
EAT −1.6%NASDAQ −5.6%
−0.41%
Day of report
+2.55%
Next session
+3.46%
One week
−9.08%
30 days

S&P 500 over the same 30 days: −1.30%.

Did EAT Beat Earnings? Q2 2026 Results

Brinker International turned in a notably strong second quarter of fiscal 2026, with the Chili's parent beating Wall Street on both the top and bottom lines as its flagship brand continued to demonstrate remarkable momentum. Non-GAAP earnings per share came in at $2.87, clearing the $2.63 consensus estimate by 9.24%, while revenue of $1.45 billion topped expectations by 2.78% and rose 6.9% year over year. The primary engine behind the outperformance was Chili's, which posted its 19th consecutive quarter of same-store sales growth at 8.6%, extending a two-year comparable sales stack of 43% built on menu innovation, competitive pricing, and advertising that drew new guests while improved operations kept them coming back. Maggiano's remained a soft spot, with comparable sales declining 2.4%, though management's revitalization effort is underway. Buoyed by the Chili's trajectory, Brinker raised its full-year fiscal 2026 guidance to $5.76 billion to $5.83 billion in revenue and non-GAAP EPS of $10.45 to $10.85, even after absorbing an estimated $20 million revenue hit from Winter Storm Fern, a revision that has analysts broadly bullish on the stock's outlook.

Key Takeaways
  • Chili's comparable restaurant sales increased 8.6% driven by menu pricing, higher traffic, and favorable sales mix
  • 19 consecutive quarters of same-store sales growth at Chili's
  • Two-year comparable sales growth stack of +43% at Chili's
  • Traffic impact of 2.7% at Chili's and 1.4% company-wide
  • Price impact of 4.4% at Chili's and 4.6% company-owned
  • Favorable mix-shift impact of 1.5% at Chili's
  • Restaurant operating margin improved to 19.1% from 18.7% at Chili's
  • Chili's franchisee sales grew to approximately $271.9 million from $232.3 million

“Chili's delivered another strong quarter with industry-leading growth of +9%, rolling the industry-leading growth from last year for a 2-year comp sales growth of +43%.”

Brinker International CEO, on the earnings call

Forward Guidance & Outlook

Brinker raised its full-year fiscal 2026 guidance to reflect a stronger sales and profit outlook for Chili's. Updated guidance includes total revenues of $5.76 billion to $5.83 billion (up from $5.60 billion to $5.70 billion), non-GAAP EPS of $10.45 to $10.85 (up from $9.90 to $10.50), and capital expenditures of $250.0 million to $260.0 million (down from $270.0 million to $290.0 million). Weighted average diluted shares are expected at 44.7 million to 45.2 million. The upward revision includes the negative impact of Winter Storm Fern, estimated at approximately $20.0 million in reduced revenues and $0.15 decrease in non-GAAP EPS. The company projects 32-38 total new restaurant openings for fiscal 2026.

EAT YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$400.0M$800.0M$1.2B$1.4B$1.5BRevenue$156.0M$168.4MOperating Income$118.5M$128.5MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

EAT Revenue by Segment

Chili's$1.3B
Maggiano's$134.9M

Figures from SEC filings and company reports. Not investment advice.