Brinker Applying Chili's Success to Maggiano's
Brinker International (NYSE: EAT), parent company of Chili's and Maggiano's restaurant chains, held its second-quarter fiscal 2025 conference call on January 29, 2025. The company posted excellent performance with same-restaurant sales up 31% year over year at Chili's. Management attributed this success to operational improvements, strategic marketing, and an upgraded guest experience. Here are the three most important takeaways for long-term investors.
Chili's remarkable turnaround appears durable despite increased competitive pressure, with traffic, same-store sales, and restaurant margins all showing significant improvement.
Chili's delivered another positive quarter in our turnaround and significantly outperformed the industry with same-restaurant sales up 31% versus a year ago. We're pleased with our sustained momentum, the strength of the operational muscle we built and our significantly improved Chili's guest experience. ... Chili's turnaround has taken hold, and it is sustainable. Our growth continues to be well balanced, driven by the introduction of a new generation to the Chili's brand and by existing guests coming more often.
Source Fool.com
Brinker International Inc. Stock
Currently there is a rather positive sentiment for Brinker International Inc. with 12 Buy predictions and 7 Sell predictions.
However, we have a potential of -47.77% for Brinker International Inc. as the target price of 82 € is below the current price of 157.0 €.
