Brinker International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 27, 2023
January 31, 2024 at 06:45 am EST
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Brinker International, Inc. reported earnings results for the second quarter and six months ended December 27, 2023. For the second quarter, the company reported sales was USD 1,063.7 million compared to USD 1,009.4 million a year ago. Revenue was USD 1,074.1 million compared to USD 1,019 million a year ago. Net income was USD 42.1 million compared to USD 27.9 million a year ago. Basic earnings per share from continuing operations was USD 0.95 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.94 compared to USD 0.62 a year ago.
For the six months, sales was USD 2,065.7 million compared to USD 1,955.5 million a year ago. Revenue was USD 2,086.6 million compared to USD 1,974.5 million a year ago. Net income was USD 49.3 million compared to net loss of USD 2.3 million a year ago. Basic earnings per share from continuing operations was USD 1.11 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
Brinker International, Inc. is a casual dining restaurant company. The Company owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands, as well as a virtual brand, Its Just Wings. The Company operates through two segments: Chiliâs and Maggianoâs. The Chiliâs segment includes the Company-owned Chiliâs restaurants, which are principally located in the United States, within the full-service casual dining segment of the industry. The Chiliâs segment also has Company-owned restaurants in Canada, and franchised locations in the United States, other countries and two United States territories. The Maggianoâs segment includes the Company-owned Maggianoâs restaurants in the United States as well as its domestic franchise business. The Company owns, operates or franchises approximately 1,600 restaurants in approximately 29 countries and two United States territories.