Brinker gains after lifting annual forecast, upbeat results
EAT•Brinker International shares rose 5.7% premarket after the company raised its FY27 adjusted EPS forecast to $13.30-$13.90 and revenue outlook to $6.23 billion-$6.33 billion. First-quarter revenue of $1.48 billion and adjusted EPS of $2.77 beat analysts’ estimates.
1. Higher forecast
Brinker International raised its FY27 adjusted EPS forecast to $13.30-$13.90, from $12.60-$13.40, and its revenue outlook to $6.23 billion-$6.33 billion, from $6.15 billion-$6.27 billion.
2. Quarterly results
The company reported first-quarter revenue of $1.48 billion and adjusted EPS of $2.77, beating analysts’ estimates of $1.46 billion and $2.45. CEO Kevin Hochman said results were driven by value, marketing and continued investments that attract new and returning guests.
