10-K · August 19, 2026
Brinker delivered a strong fiscal 2026, with revenue up to $5,807.4 million, operating margin expanding to 10.7%, diluted EPS rising to $10.87 and operating cash flow reaching $789.4 million. Performance was heavily…
Earnings analysis · 10-Q
EAT earnings analysis
Filed October 28, 2026 · Our reading of the company's report
The latest report
Brinker reported $1,475.6 million of revenue and $2.64 of GAAP diluted EPS, with revenue up approximately 9.3% and operating margin expanding 150 basis points year over year to 10.2%. Chili's comparable sales increased…
Read full summary
Brinker reported $1,475.6 million of revenue and $2.64 of GAAP diluted EPS, with revenue up approximately 9.3% and operating margin expanding 150 basis points year over year to 10.2%. Chili's comparable sales increased 10.1% and free cash flow rose to $105.7 million from $62 million, although both free cash flow and operating margin declined sequentially from $159 million and 10.9%, respectively. The raised fiscal 2027 outlook, including $6.23 billion-$6.33 billion of revenue and $13.30-$13.90 of adjusted EPS, supports a bullish assessment despite $375.0 million of revolving debt, interest-rate exposure, and continued weakness at Maggiano's.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.64
- Operating margin
- 10.2%
- Segment
- Chili's comparable sales increased 10.1%; the segment was the primary driver of growth.
- Segment
- Maggiano's traffic remained weak, although the filing does not provide a quantified segment revenue change.
What stood out
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Revenue beat and grew year over year
Revenue was $1,475.6 million, up from $1,350 million in the prior-year quarter, an increase of approximately 9.3%, and exceeded the $1,454.8 million consensus estimate by approximately $20.8 million.
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EPS exceeded consensus
GAAP diluted EPS was $2.64 versus $2.17 in the prior-year quarter, while adjusted EPS was $2.77 versus the $2.45 estimate, a 13.1% beat.
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Operating margin expanded year over year
Operating margin expanded to 10.2% from 8.7% a year earlier, a 150-basis-point improvement, although it declined from 10.9% in the immediately preceding quarter.
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Chili's drove operating momentum
Chili's comparable sales increased 10.1%, supporting the reported revenue growth and margin expansion; Maggiano's continued to experience weak traffic.
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Cash generation improved year over year
Free cash flow was $105.7 million, up from $62 million in the prior-year quarter, but down from $159 million in the immediately preceding quarter.
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Fiscal 2027 outlook was raised
Fiscal 2027 revenue guidance was raised to $6.23 billion-$6.33 billion from $6.15 billion-$6.27 billion, while adjusted EPS guidance increased to $13.30-$13.90 from $12.60-$13.40.
What to watch
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Debt and interest-rate exposure
The revolving credit facility had $375.0 million outstanding as of September 23, 2026, with interest charged at SOFR plus an applicable margin, leaving earnings exposed to elevated interest rates and refinancing costs.
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Commodity inflation may pressure margins
Management identifies commodity-price volatility from disease, weather, tariffs, and geopolitical unrest as a risk; the filing states that a lag in passing through higher costs could negatively affect short-term results, although no dollar impact was quantified.
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Aggressive share repurchases
The company repurchased 0.782 million shares at an average price of $211.20 during the quarter and subsequently repurchased another 0.3 million shares for $65.0 million, increasing capital-allocation and liquidity exposure while debt remained outstanding.
Management's outlook
Fiscal 2027 total revenue guidance was raised to $6.23 billion-$6.33 billion from $6.15 billion-$6.27 billion, and non-GAAP diluted EPS guidance was raised to $13.30-$13.90 from $12.60-$13.40. Management expects the 53rd operating week to add approximately 2.0% to revenue and $0.70 to EPS. Capital expenditures remain expected at $265.0 million-$285.0 million.
Earlier filings 4
10-Q · April 29, 2026
Brinker International (EAT) reported Q3 2026 results with revenues of $1.47 billion, a slight miss against estimates of $1.48 billion, while EPS came in at $2.90, exceeding expectations of $2.86. Segment performance…
10-Q · January 28, 2026
Brinker reported a solid quarter with revenues of $1,452.2M and diluted EPS of $2.86, beating prior-year quarter results and the consensus. Operating income improved to $168.4M (11.6% operating margin) while operating…
10-Q · April 29, 2025
Brinker reported strong year-over-year improvement: total revenues of $1,425.1 million and diluted EPS of $2.56 for the thirteen weeks ended March 26, 2025, both well ahead of the prior year. Operating income expanded…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.