Companies /Consumer Cyclical

Brinker International Inc

NYSE: EAT Restaurants
$233.22
▼ $7.71 (−3.20%) today
Markets closed · 12:30am ET

Q3 2026 Earnings

Reported Apr 29, 2026, 8:04am ET · SEC source
$2.90
Beat +1.30%
EPS · est. $2.86
$1.5B
Miss −0.25%
Revenue · est. $1.5B
−10.7%
Trailing market
EAT vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−5%0+5%+10%Apr 29Apr 30report 8:04am ETearnings+0.8%+9.0%
−5%0+5%+10%Apr 29Apr 30earnings+0.8%+9.0%
EAT +9.0%S&P 500 +0.8%
−5%0+5%+10%Apr 29Apr 30report 8:04am ETearnings+1.2%+9.0%
−5%0+5%+10%Apr 29Apr 30earnings+1.2%+9.0%
EAT +9.0%NASDAQ +1.2%
−5%0+5%Apr 28May 7report 8:04am ETearnings+3.1%+0.6%
−5%0+5%Apr 28May 7earnings+3.1%+0.6%
EAT +0.6%S&P 500 +3.1%
−5%0+5%Apr 28May 7report 8:04am ETearnings+5.8%+0.6%
−5%0+5%Apr 28May 7earnings+5.8%+0.6%
EAT +0.6%NASDAQ +5.8%
+14.45%
Day of report
+3.00%
Next session
−0.47%
One week
−4.09%
30 days

S&P 500 over the same 30 days: +6.60%.

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 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

“Chili's delivered its 20th consecutive quarter of same-store sales growth, up 4%, lapping a 31% increase a year ago.”

Brinker International CEO, on the earnings call

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 · SEC filings Q3 2025 Q3 2026
$0$500.0M$1.0B$1.5B$1.4B$1.5BRevenue$156.9M$166.6MOperating Income$119.1M$127.9MNet Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income

EAT Revenue by Segment

Chili's$1.4B+4.5%
Maggiano's$107.6M−11.1%

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