Brinker International, Inc. (NYSE:EAT) on Wednesday reported mixed fiscal fourth-quarter results and issued a stronger-than-expected fiscal 2027 outlook.
Brinker reported adjusted earnings of $3.07 per share, narrowly missing the $3.09 analyst estimate. Total revenue rose to $1.536 billion from $1.462 billion a year earlier, edging past the $1.534 billion estimate.
For fiscal 2027, Brinker expects adjusted earnings of $12.60 to $13.40 per share, above the $12.52 analyst estimate.
The company forecast revenue of $6.15 billion to $6.27 billion, compared with the $6.145 billion estimate. The outlook includes a 53rd operating week, which Brinker expects to add about 2% to revenue and 70 cents to adjusted earnings per share.
“Q4 2026 completes five consecutive years of Chili’s same-store sales growth, delivering an unprecedented 71% cumulative increase over that time,” said Kevin Hochman, President and CEO of Brinker International. “Our strong brand relevance, industry-leading value proposition, streamlined operations, and significant restaurant investments have created a competitive moat that positions Chili’s to deliver sustainable, profitable growth.”
Brinker shares gained 11.1% to close at $245.89 on Wednesday.
These analysts made changes to their price targets on Brinker following earnings announcement.
- Stephens & Co. analyst Jim Salera maintained the stock with an Overweight rating and raised the price target from $220 to $300.
- Mizuho analyst Nick Setyan maintained the stock with an Outperform rating and raised the price target from $175 to $275.
Considering buying EAT stock? Here’s what analysts think:
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