Brinker International Reports Massive Sales Surge

By Bobby Samwell • Wednesday, January 29 15:31 • Permanent Link

Brinker International, Inc. (NYSE: EAT) has released its financial results for the second quarter ended December 25, 2024. The company reported a significant increase in company sales, reaching $1,346.1 million compared to $1,063.7 million in the second quarter of fiscal 2024. This represents a substantial $282.4 million increase.

Additionally, the total revenues for the second quarter of fiscal 2025 were $1,358.2 million, up from $1,074.1 million in the same period of fiscal 2024, reflecting a $284.1 million increase.

The operating income for the second quarter of fiscal 2025 was reported at $156.0 million, marking a substantial surge from the $62.4 million reported in the second quarter of fiscal 2024, representing an impressive $93.6 million increase.

Furthermore, Brinker International disclosed that the company sales contributed to an operating income margin of 11.5% in the second quarter, compared to 5.8% in the same period of fiscal 2024, showing a notable increase of 5.7%. The restaurant operating margin (non-GAAP) also saw a remarkable increase to 19.1% for the second quarter, up from 13.1% in the second quarter of fiscal 2024, marking a significant 6.0% increase.

Net income for the second quarter of fiscal 2025 soared to $118.5 million, up from $42.1 million in the same period of fiscal 2024, indicating a substantial $76.4 million increase. Adjusted EBITDA (non-GAAP) for the second quarter of fiscal 2025 also witnessed a noteworthy surge, reaching $215.8 million, compared to $107.0 million in the second quarter of fiscal 2024, reflecting an increase of $108.8 million.

On a per diluted share basis, net income for the second quarter of fiscal 2025 stood at $2.61, a substantial increase from the $0.94 reported in the same period of fiscal 2024, representing a $1.67 increase. Excluding special items, the net income per diluted share (non-GAAP) reached $2.80 for the second quarter of fiscal 2025, up from $0.99 in the same period of fiscal 2024, marking an impressive $1.81 increase.

Furthermore, the comparable restaurant sales for the second quarter of fiscal 2025 also reflected notable growth, with Brinker International reporting a 27.4% increase, Chili’s achieving a 31.4% increase, and Maggiano’s experiencing a 1.8% increase when compared to the same period in fiscal 2024.

Brinker International also provided updated guidance for fiscal 2025, indicating sustained elevated sales levels consistent with the company’s recent trends. Following these announcements, the company's shares moved 15.9%, and are now trading at a price of $179.22. Check out the company's full 8-K submission here.

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