Brinker's mixed earnings reveal Chili's growth and Maggiano's struggles amid inflation
Brinker International, the parent company of Chili's and Maggiano's, has released its latest financial results. The report shows mixed performance across its brands, with Chili's seeing strong growth while Maggiano's faced a decline. Meanwhile, the company has raised its annual earnings forecast despite ongoing inflation concerns.
Brinker's second fiscal quarter revealed contrasting trends between its two main chains. Chili's reported an 8.6% rise in comparable sales, indicating solid customer demand. In contrast, Maggiano's experienced a 2.4% drop in comparable sales during the same period.
The company also adjusted its full-year outlook, now expecting adjusted earnings per share of between $10.45 and $10.85. Total revenue is projected to reach up to $5.83 billion. However, Winter Storm Fern cut into profits, reducing earnings per share by an estimated $0.15.
On the investment side, Hillsdale Investment Management boosted its stake in Brinker by roughly 55%, bringing its holdings to 53,200 shares. At the same time, corporate insiders sold shares worth about $15.7 million over the past quarter. The stock itself fell by 2.72% to $146.52, staying within its 52-week range of $100 to $187.
Texas Roadhouse, a competitor, warned of a 7% increase in commodity inflation for the current year. Brinker's next financial update, due on May 5, 2026, will clarify whether the upgraded annual targets remain realistic under these pressures.
Brinker's updated forecast reflects confidence in its performance, though inflation and weather disruptions pose challenges. The next financial report will provide further insight into whether the company can maintain its growth trajectory. Investors and analysts will be watching closely for signs of stability in a volatile market.
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