BRINKER INTERNATIONAL Reports 5.3% Increase in Fourth Quarter Revenue for FY2023

☀️Earnings Overview

For the fourth quarter of FY2023 ending June 30, 2023, BRINKER INTERNATIONAL ($NYSE:EAT) reported a total revenue of USD 1075.5 million, representing an increase of 5.3% from the same period in the preceding year. Concurrently, net income experienced a 34.8% surge to reach USD 54.2 million.

Analysis

GoodWhale has conducted an in-depth analysis of BRINKER INTERNATIONAL‘s wellbeing in order to provide potential investors with comprehensive information about the business. According to GoodWhale’s Risk Rating, BRINKER INTERNATIONAL is a low risk investment in terms of financial and business aspects. However, GoodWhale has detected 1 risk warnings in BRINKER INTERNATIONAL’s income sheet. Those looking to explore the issue further can register on goodwhale.com to gain full access to the details of the analysis. Overall, GoodWhale’s report on BRINKER INTERNATIONAL provides investors with a thorough understanding of the business and its risk levels. With low risk ratings and only one risk warning detected, BRINKER INTERNATIONAL is a promising investment opportunity. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Brinker International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Brinker International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Brinker International. More…

Key Ratios Snapshot

Some of the financial key ratios for Brinker International are shown below. More…

Peers

Its restaurants include Chili’s Grill & Bar and Maggiano’s Little Italy. The company operates in two segments, company-owned restaurants and franchise operations. The company-owned restaurants segment consists of Chili’s and Maggiano’s restaurants. The franchise operations segment comprises of the franchise activities related to the Chili’s and Maggiano’s brands.

– Texas Roadhouse Inc ($NASDAQ:TXRH)

Texas Roadhouse, Inc. is a national restaurant chain that offers an assortment of Tex-Mex food items. The company has a market cap of $6.62B and a ROE of 20.63%. Texas Roadhouse was founded in 1993 and has since grown to become a national chain with over 500 locations across the United States. The company is headquartered in Louisville, Kentucky.

– Darden Restaurants Inc ($NYSE:DRI)

Darden Restaurants, Inc. is an American multi-brand restaurant operator. The company owns several restaurant chains including Olive Garden, LongHorn Steakhouse, The Capital Grille, Eddie V’s, Yard House, and Bahama Breeze. As of March 23, 2021, Darden operated 2,285 restaurants.

– Bloomin Brands Inc ($NASDAQ:BLMN)

Blooming Brands Inc is a company that operates in the restaurant industry. It has a market capitalization of 2.05 billion as of 2022 and a return on equity of 49.93%. The company operates in the United States, Canada, Mexico, Puerto Rico, and the Virgin Islands. Blooming Brands Inc is a publicly traded company.

Summary

Brinker International recently reported total revenue of USD 1075.5 million for the quarter ending June 30 2023, up 5.3% from the same period last year. Net income also saw a significant increase of 34.8%, reaching USD 54.2 million. Despite this strong performance, the stock price took a dip on the day of the announcement.

Investors may want to look into Brinker’s fundamentals and long-term growth prospects before making a decision about buying or selling this stock. Analyzing the reasons behind the price drop could provide insight into whether it’s a good time to invest in Brinker International.