Brinker International shares are up about 3% in Tuesday trading as the market continues to price in the company’s fiscal Q3 2026 results (ended March 25, 2026) and the accompanying increase to its FY2026 earnings outlook released on April 29. The guidance update kept attention on improving fundamentals at Chili’s and a steady comp-sales streak, reinforcing expectations for continued earnings power into the back half of the fiscal year.

Alongside the quarter, Brinker updated FY2026 guidance, lifting its non-GAAP net income per diluted share (excluding special items) range to $10.60–$10.85 from the prior $10.45–$10.85, while framing total revenue at $5.78–$5.82 billion. While the revenue range change was modest, the higher floor on expected EPS is being treated as the key read-through for operating leverage and margin durability as the company continues investing in the business.

Management emphasized that Chili’s delivered its 20th consecutive quarter of same-store sales growth, with Chili’s comparable restaurant sales up 4.0% and company comparable sales up 3.3% in the quarter. Commentary also pointed to an uneven start to the quarter due to January weather impacts, followed by stronger momentum later in the period—Chili’s comps in February and March each increased 5.9% with positive traffic—supporting the view that demand trends improved as conditions normalized.

Investors will be tracking whether Chili’s can sustain positive traffic while the company balances value messaging, menu/operations execution, and store-level investments. Any additional analyst price-target moves and outlook changes could amplify near-term volatility, but the next major debate is whether the comp-sales streak can persist as comparisons remain challenging and macro-sensitive consumer spending remains a swing factor.