Brinker Reports Q1 Fiscal 2027 Results, Updates Full-Year Guidance

Brinker International, Inc. issued its financial results for the first quarter ended September 23, 2026, and provided updated guidance for fiscal 2027. For the quarter, Company sales totaled $1,461.2 million, a $125.8 million increase compared to the prior year period. Total revenues were reported at $1,475.6 million, up $126.4 million year-over-year.

Comparable restaurant sales for the company increased by 9.1% in the first quarter of fiscal 2027. Chili’s, the company’s flagship brand, drove this growth with a 10.1% increase in comparable sales, marking the brand’s 22nd consecutive quarter of growth. Chili’s Company sales reached $1,366.5 million, up $130.3 million from the prior year. Conversely, Maggiano’s Little Italy experienced a 3.4% decrease in comparable sales, with Company sales falling to $99.2 million.

On the income statement, the company reported operating income of $151.0 million, an increase of $33.1 million compared to the prior year. Net income was $113.3 million, or $2.64 per diluted share, compared to $99.5 million, or $2.17 per diluted share, in the prior year. The company also reported non-GAAP restaurant operating margin of $258.0 million, or 17.7% of Company sales.

In terms of cash flow, net cash provided by operating activities was $169.1 million, and non-GAAP free cash flow was $105.7 million. During the quarter, the company utilized operational cash flow to repurchase $125.0 million of its common stock and redeemed $350.0 million of 8.25% notes.

Brinker updated its fiscal 2027 guidance, which includes a 53rd operating week in the fourth quarter. The company now estimates total revenues between $6.23 billion and $6.33 billion, up from the previous range of $6.15 billion to $6.27 billion. Net income per diluted share, excluding special items, is now expected to be between $13.30 and $13.90, compared to the prior forecast of $12.60 to $13.40. The company maintains its previous guidance for capital expenditures of $265.0 million to $285.0 million and diluted weighted average shares of 42.0 million to 43.0 million.