Chilis owner Brinker posts higher Q1 revenue on menu price hike; raises guidance
EAT•Brinker reported fiscal Q1 revenue of $1.48 billion and adjusted EPS of $2.77, beating analyst estimates of $1.46 billion and $2.45. It raised fiscal 2027 revenue guidance to $6.23 billion-$6.33 billion and adjusted EPS guidance to $13.30-$13.90.
1. Quarterly results
Brinker’s fiscal Q1 revenue was $1.48 billion, compared with analyst estimates of $1.46 billion, while adjusted EPS was $2.77 versus an estimate of $2.45. EPS was $2.64, and like-for-like growth was 9.1%. The company repurchased $125 million of common stock during the quarter.
2. Higher guidance
Brinker raised its fiscal 2027 revenue guidance to $6.23 billion-$6.33 billion from $6.15 billion-$6.27 billion. It lifted adjusted EPS guidance, excluding special items, to $13.30-$13.90. Brinker expects the 53rd week in Q4 to add about 2% to revenue and $0.70 to EPS.
3. Sales drivers
The company said higher guest traffic and menu price increases lifted Chilis sales. It attributed results to brand initiatives aimed at improving the guest experience and market share. Maggianos sales fell on lower guest traffic, partly offset by menu pricing.
