Highlights

  • Fiscal 2026 total revenues were $5,807.4 million, compared with $5,384.2 million, and net income was $487.0 million, compared with $383.1 million.
  • Diluted net income per share was $10.87 for fiscal 2026, compared with $8.32 in fiscal 2025.
  • Management guided fiscal 2027 revenues of $6.15 billion to $6.27 billion and adjusted diluted EPS of $12.60 to $13.40.
  • Maggiano's comparable restaurant sales were down 3.9% in fiscal 2026, while Chili's comparable restaurant sales were up 9.2%.

Brinker International, Inc. (NYSE: EAT) shares were trading at USD 195.86 on October 27, 2026, up 4.19%, with a relative volume at time of 2.42. The restaurant company redeemed its $350.0 million 8.25% notes on July 15, 2026, increased its share repurchase authorization on August 10, 2026, and reported fiscal 2026 results and fiscal 2027 guidance on August 19, 2026.

Brinker is incorporated in Delaware and lists its principal executive offices in Dallas, Texas. It owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands, which are its two operating segments. At June 24, 2026, it had 1,163 Company-owned restaurants and 472 franchise restaurants. Its fiscal year ended June 24, 2026, and its employee base consisted of 85,003 team members.

Fiscal 2026 Results

Total revenues for the fiscal year ended June 24, 2026 were $5,807.4 million, compared with $5,384.2 million. Company sales were $5,750.9 million and franchise revenues were $56.5 million. Chili's revenues were $5,352.6 million and Maggiano's revenues were $454.8 million, compared with $501.3 million in fiscal 2025.

Operating income was $619.9 million, compared with $512.0 million. Net income was $487.0 million, or $10.87 per diluted share, compared with $383.1 million, or $8.32. Company-owned comparable restaurant sales were up 8.1%, with a 4.4% price impact, a 1.2% mix-shift impact and a 2.5% traffic impact. Chili's comparable restaurant sales were up 9.2%, and Maggiano's were down 3.9%, including a 9.3% traffic decline.

Food and beverage costs were 25.9% of Company sales, compared with 25.3%, which the company attributed to higher commodity costs and menu item mix. Restaurant labor was 31.5%, compared with 32.2%. Other gains and charges were $8.6 million, compared with $41.8 million, and included $5.7 million of restaurant-level impairment charges and $3.4 million of litigation and claims, net. Interest expenses were $40.5 million, compared with $53.1 million.

Cash Flow, Debt and Capital Allocation

Net cash provided by operating activities was $789.4 million, compared with $679.0 million. Net cash used in investing activities was $231.0 million, and net cash used in financing activities was $467.3 million. The $1.0 billion revolving credit facility matures on May 1, 2030, and had $969.9 million available at June 24, 2026, with no outstanding balance.

On July 15, 2026, Brinker redeemed all of its outstanding $350.0 million 8.25% notes at 104.125% of principal plus accrued interest, a total cash outflow of $378.9 million, funded with revolving credit facility borrowings. The company stated that it was in compliance with its covenants at June 24, 2026.

In fiscal 2026, it repurchased 2.9 million shares for $400.0 million, leaving $107.0 million of authorization at year end. After year end, it repurchased 0.4 million shares for $75.0 million, and on August 10, 2026 the board approved an increase bringing total authorized repurchases to $750.0 million. No dividends were declared in fiscal 2026 or fiscal 2025.

Acquisition and Management Commentary

On June 1, 2026, Brinker agreed to acquire 12 Chili's restaurants from a franchisee in Alabama and Mississippi, including the real estate for six locations, for approximately $27.5 million. The transaction was expected to close on August 27, 2026 and to be funded under the revolving credit facility.

On the earnings call, management said the Maggiano's turnaround has been mixed and is happening slower than planned. It said Chili's recorded its twenty-first consecutive quarter of same store sales growth.

Fiscal 2027 Guidance

On the earnings call, management guided fiscal 2027 revenues of $6.15 billion to $6.27 billion, including an estimated 2% contribution from a 53rd operating week. It guided adjusted diluted EPS of $12.60 to $13.40, including an estimated $0.70 from the additional week, weighted average shares of 42 million to 43 million and capital expenditures of $265 million to $285 million. Assumptions include a tax rate of approximately 19%, three net new Company-owned restaurant openings, and flat revenues and profits at Maggiano's. The company plans 60 to 80 restaurant reimages in fiscal 2027.