Tearsheet

Brinker International (EAT)

Market Price (5/27/2026): $139.71 | Market Cap: $6.0 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Brinker International (EAT)

Market Price (5/27/2026): $139.71
Market Cap: $6.0 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 8.4%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%

Low stock price volatility
Vol 12M is 47%

Megatrend and thematic drivers
Megatrends include E-commerce & DTC Adoption. Themes include Direct-to-Consumer Brands (Staples), and Supply Chain Digitization.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%

Key risks
EAT key risks include the vulnerability of its traditional sit-down restaurant model to [1] intense competition from fast-casual concepts and [2] shifting consumer preferences toward digital ordering and delivery.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 8.4%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 12%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
3	Low stock price volatility Vol 12M is 47%
4	Megatrend and thematic drivers Megatrends include E-commerce & DTC Adoption. Themes include Direct-to-Consumer Brands (Staples), and Supply Chain Digitization.
5	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
6	Key risks EAT key risks include the vulnerability of its traditional sit-down restaurant model to [1] intense competition from fast-casual concepts and [2] shifting consumer preferences toward digital ordering and delivery.

Valuation, Metrics & Events

	5/27/26	2025	2024	2023	2022
Share Price CYE	$139.71	$143.52	$132.29	$43.18	$31.91
Market Cap CYE ($ Bil)	6.0	6.3	5.9	1.9	1.4
Total Debt ($ Bil)	1.7	1.8	1.9	2.1	2.3
Total Cash ($ Bil)	0.1	0.0	0.0	0.0	0.0
Enterprise Value ($ Bil)	7.7	8.1	7.8	4.0	3.7
Valuation Ratios
P/S TTM	1.1	1.1	1.2	0.4	0.4
P/EBIT TTM	10.1	10.8	16.5	9.1	12.0
P/E TTM	13.0	13.9	22.3	12.4	18.8
P/FCF TTM	12.0	13.9	17.4	12.0	34.0
Sector Ratios
P/S TTM (Sector)	0.8	0.9	0.9	0.9	0.8
P/EBIT TTM (Sector)	8.4	8.0	8.2	7.5	5.7
P/E TTM (Sector)	11.7	11.6	11.0	10.3	7.7
P/FCF TTM (Sector)	9.7	10.9	11.6	9.3	6.0

	5/27/26	2025	2024
Share Price CYE	$139.71	$143.52	$132.29
Market Cap CYE ($ Bil)	6.0	6.3	5.9
Total Debt ($ Bil)	1.7	1.8	1.9
Total Cash ($ Bil)	0.1	0.0	0.0
Enterprise Value ($ Bil)	7.7	8.1	7.8
Valuation Ratios
P/S TTM	1.1	1.1	1.2
P/EBIT TTM	10.1	10.8	16.5
P/E TTM	13.0	13.9	22.3
P/FCF TTM	12.0	13.9	17.4
Sector Ratios
P/S TTM (Sector)	0.8	0.9	0.9
P/EBIT TTM (Sector)	8.4	8.0	8.2
P/E TTM (Sector)	11.7	11.6	11.0
P/FCF TTM (Sector)	9.7	10.9	11.6

	EAT	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	5.7
Rev Chg Q	3.2%	8.7%
Rev Chg LTM	11.8%	7.4%
Rev Chg 3Y Avg	12.2%	5.8%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.6
CFO LTM ($ Bil)	0.8
Net Inc LTM ($ Bil)	0.5
Op Mgn LTM	10.7%	18.4%
CFO/Rev LTM	13.2%	21.1%
Net Inc Mgn	8.1%	13.0%
VALUATION	LOW
P/S	1.1	3.2
P/CFO	8.0	15.2
P/FCF	12.0	19.6
P/E	13.0	23.9
STABILITY	FAIR
Debt/Equity	0.29	0.22
Cash/Assets	0.02	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Total Restaurants	1672	11052025	Link
Company-Wide Same-Store Sales Growth	18.8%	10292025	Link
Chili's Same-Store Sales Growth	21.4%	10292025	Link
Maggiano's Same-Store Sales Decline	-6.4%	10292025	Link
Chili's Guest Traffic Growth	13%	10292025	Link
Chili's Average Annual Net Sales per Company-Owned Restaurant	$4.5 million	8152025	Link
Chili's Average Revenue per Meal per Guest	$21.90	8152025	Link
Maggiano's Average Annual Sales per Restaurant	$9.5 million	8232023	Link
Maggiano's Average Revenue per Meal per Guest	$32.28	8232023	Link
Chili's Food and Non-Alcoholic Beverage Sales Percentage	90.7%	8152025	Link
Maggiano's Banquet Facilities Sales Percentage	14.5%	8232023	Link

Upcoming
8/12/2026	Earnings Release	Rev: $1.0 Bil (E) EPS: $3.08 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Brinker International (EAT) stock has lost about 10% since 1/31/2026 because of the following key factors:

1. Maggiano's Underperformance and Overall Traffic Decline.

Maggiano's comparable restaurant sales declined by 4.6% in the third quarter of fiscal 2026 due to lower traffic and reduced banquet service charges, which negatively impacted overall company sales. While Chili's achieved its 20th consecutive quarter of same-store sales growth, its traffic turned negative by 1.2% in Q3 FY2026, a slowdown compared to the positive 2.7% traffic experienced in Q2, partially attributed to weather challenges in January.

2. Rising Operating Costs and Margin Compression.

Brinker International faced persistent inflationary pressures, particularly higher food and beverage costs and increased restaurant expenses, including hourly labor and manager salaries. This led to a 50 basis point decrease in restaurant operating margins, from 18.9% in the prior year to 18.4% in Q3 FY2026. The company's Q3 FY2026 guidance factored in ongoing low single-digit wage and commodity inflation, signaling continued pressure on profitability.

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Stock Movement Drivers

Fundamental Drivers

The -11.4% change in EAT stock from 1/31/2026 to 5/26/2026 was primarily driven by a -14.7% change in the company's P/E Multiple.

(LTM values as of)	1312026	5262026	Change
Stock Price ($)	157.72	139.68	-11.4%
Change Contribution By:
Total Revenues ($ Mil)	5,688	5,734	0.8%
Net Income Margin (%)	8.0%	8.1%	1.1%
P/E Multiple	15.3	13.0	-14.7%
Shares Outstanding (Mil)	44	43	1.9%
Cumulative Contribution			-11.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/26/2026

	Return	Correlation
EAT	-11.4%
Market (SPY)	8.8%	39.2%
Sector (XLY)	-1.2%	36.7%

Fundamental Drivers

The 28.5% change in EAT stock from 10/31/2025 to 5/26/2026 was primarily driven by a 19.2% change in the company's P/E Multiple.

(LTM values as of)	10312025	5262026	Change
Stock Price ($)	108.66	139.68	28.5%
Change Contribution By:
Total Revenues ($ Mil)	5,594	5,734	2.5%
Net Income Margin (%)	7.9%	8.1%	1.7%
P/E Multiple	10.9	13.0	19.2%
Shares Outstanding (Mil)	45	43	3.5%
Cumulative Contribution			28.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/26/2026

	Return	Correlation
EAT	28.5%
Market (SPY)	10.7%	30.4%
Sector (XLY)	-0.0%	28.4%

Fundamental Drivers

The 4.0% change in EAT stock from 4/30/2025 to 5/26/2026 was primarily driven by a 24.2% change in the company's Net Income Margin (%).

(LTM values as of)	4302025	5262026	Change
Stock Price ($)	134.30	139.68	4.0%
Change Contribution By:
Total Revenues ($ Mil)	5,130	5,734	11.8%
Net Income Margin (%)	6.5%	8.1%	24.2%
P/E Multiple	17.9	13.0	-27.1%
Shares Outstanding (Mil)	44	43	2.8%
Cumulative Contribution			4.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/26/2026

	Return	Correlation
EAT	4.0%
Market (SPY)	36.9%	30.2%
Sector (XLY)	22.1%	31.3%

Fundamental Drivers

The 249.9% change in EAT stock from 4/30/2023 to 5/26/2026 was primarily driven by a 330.9% change in the company's Net Income Margin (%).

(LTM values as of)	4302023	5262026	Change
Stock Price ($)	39.92	139.68	249.9%
Change Contribution By:
Total Revenues ($ Mil)	3,976	5,734	44.2%
Net Income Margin (%)	1.9%	8.1%	330.9%
P/E Multiple	23.6	13.0	-44.7%
Shares Outstanding (Mil)	44	43	1.9%
Cumulative Contribution			249.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/26/2026

	Return	Correlation
EAT	249.9%
Market (SPY)	87.5%	37.0%
Sector (XLY)	65.6%	40.1%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
EAT Return	-35%	-13%	35%	206%	8%	-4%	143%
Peers Return	18%	-6%	20%	3%	-6%	13%	45%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	99%
Monthly Win Rates [3]
EAT Win Rate	42%	42%	58%	83%	33%	40%
Peers Win Rate	55%	38%	52%	50%	48%	64%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
EAT Max Drawdown	-57%	-49%	-30%	-21%	-46%	-26%
Peers Max Drawdown	-31%	-30%	-28%	-30%	-34%	-24%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: DRI, BLMN, TXRH, CAKE, DIN. See EAT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/26/2026 (YTD)

Event	EAT	S&P 500
2025 US Tariff Shock
% Loss	-20.2%	-18.8%
% Gain to Breakeven	25.4%	23.1%
Time to Breakeven	22 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-23.4%	-9.5%
% Gain to Breakeven	30.5%	10.5%
Time to Breakeven	69 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-16.3%	-6.7%
% Gain to Breakeven	19.4%	7.1%
Time to Breakeven	171 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-41.5%	-24.5%
% Gain to Breakeven	71.0%	32.4%
Time to Breakeven	194 days	427 days
2020 COVID-19 Crash
% Loss	-80.8%	-33.7%
% Gain to Breakeven	421.4%	50.9%
Time to Breakeven	162 days	140 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-25.9%	-3.7%
% Gain to Breakeven	35.0%	3.9%
Time to Breakeven	352 days	6 days

Compare to DRI, BLMN, TXRH, CAKE, DIN

In The Past

Brinker International's stock fell -20.2% during the 2025 US Tariff Shock. Such a loss loss requires a 25.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	EAT	S&P 500
2025 US Tariff Shock
% Loss	-20.2%	-18.8%
% Gain to Breakeven	25.4%	23.1%
Time to Breakeven	22 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-23.4%	-9.5%
% Gain to Breakeven	30.5%	10.5%
Time to Breakeven	69 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-41.5%	-24.5%
% Gain to Breakeven	71.0%	32.4%
Time to Breakeven	194 days	427 days
2020 COVID-19 Crash
% Loss	-80.8%	-33.7%
% Gain to Breakeven	421.4%	50.9%
Time to Breakeven	162 days	140 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-25.9%	-3.7%
% Gain to Breakeven	35.0%	3.9%
Time to Breakeven	352 days	6 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-21.6%	-12.2%
% Gain to Breakeven	27.5%	13.9%
Time to Breakeven	256 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-21.9%	-17.9%
% Gain to Breakeven	28.0%	21.8%
Time to Breakeven	103 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-28.5%	-15.4%
% Gain to Breakeven	39.8%	18.2%
Time to Breakeven	98 days	125 days
2008-2009 Global Financial Crisis
% Loss	-79.0%	-53.4%
% Gain to Breakeven	375.5%	114.4%
Time to Breakeven	139 days	1085 days

Compare to DRI, BLMN, TXRH, CAKE, DIN

In The Past

Brinker International's stock fell -20.2% during the 2025 US Tariff Shock. Such a loss loss requires a 25.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Brinker International (EAT)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Brinker International, Inc., together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name. The company was founded in 1975 and is headquartered in Dallas, Texas.

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Think of it as the Darden Restaurants (DRI) of Chili's and Maggiano's.
The company behind Chili's and Maggiano's, much like Dine Brands Global (DIN) is behind Applebee's and IHOP.

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The major products/services of Brinker International (EAT) are:

Chili's Casual Dining: Offers a diverse menu of American casual dining food and beverages in a relaxed restaurant setting.
Maggiano's Italian Dining: Provides an upscale casual dining experience featuring classic Italian-American cuisine and family-style service.
Restaurant Franchising: Licenses its Chili's and Maggiano's restaurant concepts to franchisees, allowing independent operators to develop and run their own branded locations.

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Brinker International (EAT) operates casual dining restaurants such as Chili's Grill & Bar and Maggiano's Little Italy. As such, the company primarily sells its products and services directly to individual consumers rather than to other businesses.

The major customer categories that Brinker International serves include:

Families and Social Groups: Customers dining together for leisure, celebrations, or regular meals, often seeking a comfortable atmosphere with varied menu options that appeal to different tastes and age groups. Both Chili's and Maggiano's cater well to this segment, with Maggiano's particularly known for its family-style dining options.
Individuals and Small Parties seeking Casual Dining Experiences: This category includes solo diners, couples, or small groups of friends and colleagues looking for a relaxed meal, whether for lunch during a workday or dinner in the evening. They seek convenience, a welcoming ambiance, and a diverse menu.
Diners Seeking Specific Cuisines and Ambiance: Customers who specifically choose Brinker International's brands based on the type of food they are craving. This includes those looking for American, Tex-Mex, or Southwestern-inspired dishes offered by Chili's, or classic Italian-American cuisine and an upscale-casual atmosphere provided by Maggiano's.

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Kevin Hochman Chief Executive Officer and President

Kevin Hochman joined Brinker International in 2022. Prior to this, he spent from 2014 to 2022 in multiple leadership positions at Yum! Brands, where he served as U.S. KFC President for more than five years and concurrently as Pizza Hut Brand President from 2020 to 2022. During his tenure at KFC, he led a brand turnaround that resulted in eight consecutive years of same-store sales growth. Before his career in the restaurant industry, Mr. Hochman worked for 18 years at Procter & Gamble, holding various finance, brand management, and marketing roles, including North America Cosmetics Business Leader. He has been recognized on Nation's Restaurant News Power List and as Forbes' No. 2 most influential CMO in the world for his leadership in resurrecting the KFC brand.

Mika Ware Executive Vice President and Chief Financial Officer

Mika Ware began her career with Brinker International in 1988 as a Chili's host, earning her finance degree while working at the company. She has held roles of increasing responsibility within Brinker's finance and investor relations departments. Ms. Ware was appointed Senior Vice President and Chief Financial Officer, effective June 27, 2024, following almost 35 years of service at Brinker International.

Aaron White Executive Vice President, Chief Operating Officer and Chief People Officer

Aaron White serves as the Executive Vice President, Chief Operating Officer and Chief People Officer for Brinker International. Further details about his background are not available in the provided information.

George Felix Executive Vice President and Chief Marketing Officer

George Felix holds the position of Executive Vice President and Chief Marketing Officer for Brinker International, leading marketing efforts for the Chili's and Maggiano's brands. Information regarding his prior experience is limited in the provided context.

Chris Caldwell Senior Vice President and Chief Information Officer

Chris Caldwell joined Brinker International as Senior Vice President and Chief Information Officer, effective February 26, 2024. Prior to joining Brinker, he spent 27 years leading technology teams at Yum! Brands. His most recent role there was Chief Technology Officer at KFC for a decade, where he was instrumental in developing a strong technology team and robust tech platforms.

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The key risks to Brinker International (EAT) include:

Consumer Spending Sensitivity and Competition: The casual dining sector, in which Brinker International primarily operates, is highly susceptible to shifts in consumer spending habits, economic downturns, and persistent inflation. Reduced discretionary income among consumers can lead to decreased traffic and sales at its restaurants. Furthermore, the company faces significant competition from other casual dining establishments and off-premise rivals, which can divert traffic away from Brinker's dine-in focused brands like Chili's and Maggiano's. Intense low-price promotions from quick-service restaurant competitors could also negatively impact traffic gains.
Labor and Food Cost Inflation: Brinker International is significantly exposed to rising labor and food costs, which can tighten operating margins. This includes increased minimum wages, competitive labor markets making it challenging to hire and retain high-quality restaurant management and team members, and commodity inflation affecting food and beverage expenses. While some cost increases may be mitigated by pricing adjustments, sustained inflation can pressure profitability.
Maggiano's Performance and Turnaround Challenges: While Chili's has shown strong performance, the Maggiano's Little Italy brand has experienced "softness" and "declining traffic" in recent periods. The company has acknowledged challenges at Maggiano's, including issues related to past menu changes and operational adjustments that negatively impacted guest experience and sales. Although efforts are underway to stabilize and improve Maggiano's performance, successfully executing this turnaround in a competitive market remains a key risk.

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Ghost kitchens and virtual restaurant brands. These operational models focus solely on delivery and takeout services, eliminating the need for traditional dine-in facilities. This allows for significantly lower overhead costs, greater menu flexibility, and rapid market expansion, directly competing with Brinker International's established off-premise sales for both its Chili's and Maggiano's brands. The rise of these agile competitors threatens to erode market share by offering specialized or more cost-effective options that cater to the increasing consumer demand for convenient, at-home dining experiences without the full-service restaurant overhead.

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The addressable markets for Brinker International's main products and services, primarily casual dining restaurants, are significant both globally and within the United States.

Global Market

The global casual dining market was valued at approximately USD 230 billion in 2025 and is projected to expand at a compound annual growth rate (CAGR) of 6.0%, reaching USD 380 billion by 2033. Another estimate indicates the global casual dining market size was USD 333.02 billion in 2025, with an expectation to reach USD 575.5 billion by 2035, growing at a CAGR of 5.5% from 2025 to 2035.

United States Market

North America contributes 28% to the global casual dining market share. Based on a global valuation of USD 333.02 billion in 2025, the estimated addressable market for casual dining in the U.S. would be approximately USD 93.24 billion in 2025.

More broadly, the U.S. full-service restaurant market, which encompasses casual dining, is predicted to be valued at US$ 371.9 billion in 2025 and is projected to reach US$ 715.8 billion by 2032, with a CAGR of 12.7%.

AI Analysis | Feedback

Brinker International (NYSE: EAT) is expected to drive future revenue growth over the next two to three years through a combination of brand-specific strategies, operational enhancements, and targeted expansion.

Here are 3-5 expected drivers of future revenue growth:

Sustained Chili's Comparable Sales Growth through Marketing and Operational Improvements: Chili's Grill & Bar is a primary driver of Brinker's revenue growth, with strong comparable sales attributed to increased traffic, effective marketing campaigns, and operational improvements. The company's strategic initiatives, including successful marketing and investments in operations, have positioned Chili's as a leader in the casual dining sector and are expected to continue driving guest traffic and sales. For example, Chili's reported a 31.4% increase in comparable sales in Q2 2024, driven by positive traffic and pricing strategies.
Maggiano's Little Italy Turnaround Strategy: Brinker International is actively implementing a "Back to Maggiano's" strategy for its Maggiano's Little Italy brand, mirroring the successful turnaround playbook used for Chili's. This strategy focuses on simplifying operations, upgrading food quality, enhancing service, and emphasizing core menu items to revitalize the brand and drive traffic growth. This initiative aims to improve Maggiano's comparable sales and reconnect with loyal guests while attracting new diners.
Investment in Digital Capabilities and Guest Engagement: The company plans to continue investing in digital capabilities and new ordering and guest engagement platforms. These investments are aimed at enhancing the overall guest experience, streamlining operations, and driving further revenue growth through improved customer interaction and ordering efficiency.
Targeted International Expansion of Chili's Franchising: International expansion, particularly for the Chili's brand through franchising, is identified as a significant focus for future growth. These efforts involve agreements for development, initial franchise fees, and royalty fees, contributing to overall revenue expansion.
Strategic New Restaurant Openings: While focusing on existing restaurant performance, Brinker International also plans for targeted new restaurant openings. For instance, Chili's completed and opened five new restaurants in Q2 FY24, which have shown promising starts. Analysts' forecasts for future revenue growth also incorporate the targeted opening of new restaurants in the medium term.

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Share Repurchases

Annual share repurchases increased significantly from $5 million in fiscal year 2023 to $90.2 million in fiscal year 2025.
Approximately $235 million in shares were repurchased in the first two quarters of fiscal year 2026, with $100 million occurring in the second quarter alone.
The Board of Directors authorized an additional $350 million in share repurchases, contributing to a total share repurchase authorization of approximately $3.9 billion.

Share Issuance

Weighted average shares were expected to be in the range of 45-47 million for fiscal year 2025 and 45-46 million for fiscal year 2024.
The number of shares outstanding at the end of 2025 was 44 million, reflecting a slight increase of 0.88% from 2024 to 2025.
There is no readily available information on significant dollar amounts of new share issuances for capital-raising purposes during the period.

Outbound Investments

No information is available on strategic investments made by Brinker International in other companies.
The company focuses on expansion through the development of its Chili's and Maggiano's restaurant brands, including through franchising.
For fiscal years 2024-2025, Brinker International planned to open 22-29 restaurants.

Capital Expenditures

Capital expenditures have shown a consistent increase over the last five fiscal years, rising from $94 million in 2021 to $265.3 million in 2025.
For fiscal year 2026, capital expenditures are expected to be in the range of $250-260 million, supporting business growth and upgrading existing restaurants.
Key areas of capital expenditure include accelerated investments in kitchen equipment, capital maintenance, technology improvements, and annual remodels of approximately 10% of the restaurant fleet.

Interactive Breakdown

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CMG (16.0%)

Chipotle Mexican Grill

DRI (11.8%)

Darden Restaurants

Higher CFO/Rev LTM (Value for EAT: 13.2%)

MCD (38.4%)

McDonald's

YUM (23.8%)

Yum Brands

QSR (19.0%)

Restaurant Brands International

CMG (18.2%)

Chipotle Mexican Grill

DRI (13.6%)

Darden Restaurants

Higher FCF/Rev LTM (Value for EAT: 8.8%)

MCD (25.6%)

McDonald's

YUM (19.4%)

Yum Brands

QSR (16.3%)

Restaurant Brands International

DPZ (13.1%)

Domino's Pizza

CMG (12.4%)

Chipotle Mexican Grill

Higher Total Yield (Value for EAT: 7.7%)

WEN (18.2%)

Wendy's

PZZA (8.3%)

Papa John's International

YUMC (8.1%)

Yum China

QSR (8.0%)

Restaurant Brands International

DPZ (8.0%)

Domino's Pizza

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for EAT: 12.2% | 1.1x)

CPNG (18.3% | 0.8x)

Coupang

ARMK (12.6% | 0.7x)

Aramark

NCLH (19.1% | 0.8x)

Norwegian Cruise Line

ANF (12.6% | 0.6x)

Abercrombie & Fitch

FUN (22.2% | 0.7x)

Six Flags Entertainment

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EAT: 12.2% | 9.9x)

CCL (23.1% | 8.1x)

Carnival Corporation

LVS (44.9% | 9.8x)

Las Vegas Sands

WYNN (23.2% | 8.2x)

Wynn Resorts

NCLH (19.1% | 4.9x)

Norwegian Cruise Line

CHDN (13.9% | 7.8x)

Churchill Downs

Higher Rev Chg LTM (Value for EAT: 11.8%)

MELI (39.1%)

MercadoLibre

DASH (31.0%)

DoorDash

BKNG (15.0%)

Booking

AMZN (14.2%)

Amazon.com

ABNB (12.6%)

Airbnb

Higher Rev Chg 3Y Avg (Value for EAT: 12.2%)

MELI (38.9%)

MercadoLibre

RCL (20.5%)

Royal Caribbean

BKNG (15.2%)

Booking

ABNB (13.3%)

Airbnb

AMZN (12.3%)

Amazon.com

Higher Op Mgn LTM (Value for EAT: 10.7%)

MCD (46.0%)

McDonald's

BKNG (34.3%)

Booking

HD (12.7%)

Home Depot

TJX (11.9%)

TJX Companies

AMZN (11.5%)

Amazon.com

Higher CFO/Rev LTM (Value for EAT: 13.2%)

MELI (41.9%)

MercadoLibre

MCD (38.4%)

McDonald's

BKNG (33.7%)

Booking

AMZN (20.0%)

Amazon.com

TSLA (16.9%)

Tesla

Higher FCF/Rev LTM (Value for EAT: 8.8%)

MELI (37.3%)

MercadoLibre

BKNG (32.6%)

Booking

MCD (25.6%)

McDonald's

MAR (10.6%)

Marriott International

LOW (8.9%)

Lowe's Companies

Higher Total Yield (Value for EAT: 7.7%)

DHI (8.8%)

D.R. Horton

CCL (8.4%)

Carnival Corporation

LVS (8.1%)

Las Vegas Sands

QSR (8.0%)

Restaurant Brands International

LOW (7.8%)

Lowe's Companies

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for EAT: 12.2% | 1.1x)

MCK (13.4% | 0.2x)

McKesson

CI (15.2% | 0.3x)

Cigna

HUM (12.8% | 0.3x)

Humana

SMCI (72.8% | 0.7x)

Super Micro Computer

SW (58.2% | 0.7x)

Smurfit WestRock

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EAT: 12.2% | 9.9x)

NEM (30.0% | 9.0x)

Newmont

B (21.8% | 7.2x)

Barrick Mining

OKE (21.3% | 9.5x)

ONEOK

AU (40.8% | 9.3x)

Anglogold Ashanti

IBKR (28.2% | 4.0x)

Interactive Brokers

Higher Rev Chg LTM (Value for EAT: 11.8%)

NVDA (70.7%)

NVIDIA

AVGO (25.2%)

Broadcom

MSFT (17.9%)

Microsoft

GOOGL (17.5%)

Alphabet

AAPL (12.8%)

Apple

Higher Rev Chg 3Y Avg (Value for EAT: 12.2%)

NVDA (121.7%)

NVIDIA

AVGO (26.2%)

Broadcom

META (22.4%)

Meta Platforms

MSFT (15.3%)

Microsoft

GOOGL (14.1%)

Alphabet

Higher Op Mgn LTM (Value for EAT: 10.7%)

NVDA (64.0%)

NVIDIA

MSFT (46.8%)

Microsoft

AVGO (41.5%)

Broadcom

GOOGL (32.7%)

Alphabet

AAPL (32.6%)

Apple

Higher CFO/Rev LTM (Value for EAT: 13.2%)

MSFT (53.5%)

Microsoft

NVDA (49.6%)

NVIDIA

AVGO (43.5%)

Broadcom

GOOGL (41.3%)

Alphabet

AAPL (31.1%)

Apple

Higher FCF/Rev LTM (Value for EAT: 8.8%)

NVDA (47.0%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.6%)

Apple

MSFT (22.9%)

Microsoft

GOOGL (15.2%)

Alphabet

Higher Total Yield (Value for EAT: 7.7%)

VZ (14.2%)

Verizon Communications

WFC (11.4%)

Wells Fargo

BAC (8.4%)

Bank of America

PEP (8.3%)

PepsiCo

RY (7.9%)

Royal Bank of Canada

Best Bets in Consumer Discretionary

What You Pay

P/EBIT (Value for EAT: 10.1x)

ABNB (30.6x)

Airbnb

DUOL (31.8x)

Duolingo

BKNG (14.2x)

Booking

PRDO (9.0x)

Perdoceo Education

LOPE (13.2x)

Grand Canyon Education

MCRI (15.3x)

Monarch Casino & Resort

GRMN (23.3x)

Garmin

DECK (11.8x)

Deckers Outdoor

ALSN (11.3x)

Allison Transmission

HRB (5.3x)

H&R Block

P/E (Value for EAT: 13.0x)

ABNB (31.5x)

Airbnb

DUOL (11.8x)

Duolingo

BKNG (21.0x)

Booking

PRDO (12.4x)

Perdoceo Education

LOPE (18.8x)

Grand Canyon Education

MCRI (19.3x)

Monarch Casino & Resort

GRMN (26.5x)

Garmin

DECK (15.4x)

Deckers Outdoor

ALSN (17.4x)

Allison Transmission

HRB (6.7x)

H&R Block

What You Get

Rev Chg 3Y Avg (Value for EAT: 12.2%)

ABNB (13.3%)

Airbnb

DUOL (39.6%)

Duolingo

BKNG (15.2%)

Booking

PRDO (6.8%)

Perdoceo Education

LOPE (7.1%)

Grand Canyon Education

MCRI (4.6%)

Monarch Casino & Resort

GRMN (15.6%)

Garmin

DECK (14.7%)

Deckers Outdoor

ALSN (8.9%)

Allison Transmission

HRB (3.9%)

H&R Block

Rev Chg LTM (Value for EAT: 11.8%)

ABNB (12.6%)

Airbnb

DUOL (35.5%)

Duolingo

BKNG (15.0%)

Booking

PRDO (17.7%)

Perdoceo Education

LOPE (7.4%)

Grand Canyon Education

MCRI (5.8%)

Monarch Casino & Resort

GRMN (15.7%)

Garmin

DECK (9.8%)

Deckers Outdoor

ALSN (14.0%)

Allison Transmission

HRB (5.4%)

H&R Block

Rev Chg Q (Value for EAT: 3.2%)

ABNB (17.9%)

Airbnb

DUOL (26.5%)

Duolingo

BKNG (16.2%)

Booking

PRDO (4.1%)

Perdoceo Education

LOPE (6.7%)

Grand Canyon Education

MCRI (8.9%)

Monarch Casino & Resort

GRMN (14.2%)

Garmin

DECK (9.6%)

Deckers Outdoor

ALSN (83.6%)

Allison Transmission

HRB (5.3%)

H&R Block

FCF/Rev 3Y Avg (Value for EAT: 6.6%)

ABNB (38.7%)

Airbnb

DUOL (35.0%)

Duolingo

BKNG (32.9%)

Booking

PRDO (23.9%)

Perdoceo Education

LOPE (22.6%)

Grand Canyon Education

MCRI (21.4%)

Monarch Casino & Resort

GRMN (21.0%)

Garmin

DECK (20.4%)

Deckers Outdoor

ALSN (19.4%)

Allison Transmission

HRB (18.6%)

H&R Block

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Brinker International Earnings Notes	12/26/2025
2	Is 21.3% Fall In Brinker International (EAT) Stock A Buying Opportunity?	11/04/2025
3	Can Brinker International Stock Hold Up When Markets Turn?	10/17/2025
4	Is The 20.4% Decline In Brinker International (EAT) Stock A Dip Buying Opportunity?	10/07/2025
5	Is The 20.8% Decline In Brinker International (EAT) Stock A Dip Buying Opportunity?	10/01/2025
6	Brinker International vs Newmont: Which Is A Better Investment?	08/18/2025
7	Does Brinker International Stock Lead the Pack?	08/13/2025
8	ARTICLES
9	Brinker International Stock To $165?	05/14/2026
10	Brinker International Stock To $134?	11/04/2025
11	EAT Plunges 20%, Should You Consider Buying The Dip?	10/07/2025
12	Should You Buy The Dip After EAT Stock Plunged 21%?	10/01/2025

	Title
0	DASHBOARDS
1	Brinker International Earnings Notes
2	Is 21.3% Fall In Brinker International (EAT) Stock A Buying Opportunity?
3	Can Brinker International Stock Hold Up When Markets Turn?
4	Is The 20.4% Decline In Brinker International (EAT) Stock A Dip Buying Opportunity?
5	Is The 20.8% Decline In Brinker International (EAT) Stock A Dip Buying Opportunity?
6	Brinker International vs Newmont: Which Is A Better Investment?
7	Does Brinker International Stock Lead the Pack?
8	ARTICLES
9	Brinker International Stock To $165?
10	Brinker International Stock To $134?
11	EAT Plunges 20%, Should You Consider Buying The Dip?
12	Should You Buy The Dip After EAT Stock Plunged 21%?

Trade Ideas

Select ideas related to EAT.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FUN_4302026_Short_Squeeze	04302026	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	0.0%	0.0%	0.0%
MGM_4242026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	04242026	MGM	MGM Resorts International	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-1.5%	-1.5%	-1.5%
WEN_4242026_Short_Squeeze	04242026	WEN	Wendy's	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-2.5%	-2.5%	-5.3%
WHR_4102026_Short_Squeeze	04102026	WHR	Whirlpool	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-0.8%	-0.8%	-4.8%
SKY_4022026_Dip_Buyer_FCFYield	04022026	SKY	Champion Homes	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.1%	3.1%	-1.2%
EAT_11302021_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11302021	EAT	Brinker International	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	-12.3%	-3.3%	-36.3%

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CRDO	Credo Technology	40.4	41.8%	54.0%
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EMBC	Embecta	0.2	-64.0%	-71.6%
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ERAS	Erasca	3.3	-46.5%	209.1%
PSIX	Power Solutions International	1.0	-44.2%	-24.8%
BTGO	BitGo	0.7	-44.2%	-67.7%
GTM	ZoomInfo Technologies	1.1	-42.9%	-65.6%

Peer Comparisons

Peers to compare with:

Financials

	EAT	DRI	BLMN	TXRH	CAKE	DIN	Median
Name	Brinker .	Darden R.	Bloomin .	Texas Ro.	Cheeseca.	Dine Bra.
Mkt Price	139.68	203.83	7.92	182.20	64.63	30.38	102.16
Mkt Cap	6.0	23.4	0.7	12.0	3.0	0.4	4.5
Rev LTM	5,734	12,764	3,966	6,064	3,803	890	4,850
Op Inc LTM	611	1,509	118	499	259	138	379
FCF LTM	504	994	119	355	171	36	263
FCF 3Y Avg	347	992	93	337	117	79	227
CFO LTM	758	1,735	279	751	319	80	535
CFO 3Y Avg	576	1,667	308	706	273	107	442

Growth & Margins

	EAT	DRI	BLMN	TXRH	CAKE	DIN	Median
Name	Brinker .	Darden R.	Bloomin .	Texas Ro.	Cheeseca.	Dine Bra.
Rev Chg LTM	11.8%	8.5%	0.9%	10.3%	5.1%	8.4%	8.5%
Rev Chg 3Y Avg	12.2%	7.3%	-1.2%	13.0%	4.1%	0.1%	5.7%
Rev Chg Q	3.2%	5.9%	1.0%	12.8%	5.6%	4.8%	5.2%
QoQ Delta Rev Chg LTM	0.8%	1.5%	0.3%	3.2%	1.4%	1.2%	1.3%
Op Inc Chg LTM	23.1%	6.4%	-34.7%	-6.3%	10.2%	-14.8%	0.1%
Op Inc Chg 3Y Avg	58.2%	9.3%	-28.4%	15.1%	35.1%	-7.8%	12.2%
Op Mgn LTM	10.7%	11.8%	3.0%	8.2%	6.8%	15.5%	9.4%
Op Mgn 3Y Avg	8.7%	11.9%	4.8%	8.7%	6.2%	19.0%	8.7%
QoQ Delta Op Mgn LTM	-0.0%	-0.0%	0.2%	-0.1%	-0.1%	-0.9%	-0.1%
CFO/Rev LTM	13.2%	13.6%	7.0%	12.4%	8.4%	9.0%	10.7%
CFO/Rev 3Y Avg	11.1%	14.0%	7.8%	13.0%	7.5%	12.7%	11.9%
FCF/Rev LTM	8.8%	7.8%	3.0%	5.8%	4.5%	4.0%	5.2%
FCF/Rev 3Y Avg	6.6%	8.4%	2.3%	6.2%	3.2%	9.5%	6.4%

Valuation

	EAT	DRI	BLMN	TXRH	CAKE	DIN	Median
Name	Brinker .	Darden R.	Bloomin .	Texas Ro.	Cheeseca.	Dine Bra.
Mkt Cap	6.0	23.4	0.7	12.0	3.0	0.4	4.5
P/S	1.1	1.8	0.2	2.0	0.8	0.4	0.9
P/Op Inc	9.9	15.5	5.7	24.1	11.6	2.7	10.8
P/EBIT	10.1	16.3	17.3	24.1	15.7	3.6	16.0
P/E	13.0	21.2	31.1	28.9	18.2	22.9	22.1
P/CFO	8.0	13.5	2.4	16.0	9.4	4.6	8.7
Total Yield	7.7%	7.6%	7.0%	4.2%	7.3%	11.2%	7.5%
Dividend Yield	0.0%	2.9%	3.8%	0.8%	1.8%	6.9%	2.4%
FCF Yield 3Y Avg	6.9%	4.5%	11.4%	3.1%	5.2%	17.1%	6.0%
D/E	0.3	0.3	2.9	0.1	0.7	4.3	0.5
Net D/E	0.3	0.3	2.8	0.1	0.6	4.0	0.5

Returns

	EAT	DRI	BLMN	TXRH	CAKE	DIN	Median
Name	Brinker .	Darden R.	Bloomin .	Texas Ro.	Cheeseca.	Dine Bra.
1M Rtn	0.7%	1.4%	29.2%	14.0%	5.2%	7.3%	6.3%
3M Rtn	-1.0%	-4.0%	34.9%	1.3%	1.4%	-0.2%	0.5%
6M Rtn	-6.7%	15.4%	14.8%	4.7%	38.8%	1.7%	9.8%
12M Rtn	-9.6%	3.0%	7.3%	-2.6%	25.4%	38.6%	5.1%
3Y Rtn	259.1%	39.3%	-63.9%	73.0%	113.5%	-43.2%	56.2%
1M Excs Rtn	-4.2%	-3.6%	24.3%	9.1%	0.3%	2.4%	1.3%
3M Excs Rtn	-10.2%	-13.1%	25.8%	-7.9%	-7.7%	-9.3%	-8.6%
6M Excs Rtn	-5.1%	7.3%	18.8%	-4.5%	36.3%	3.1%	5.2%
12M Excs Rtn	-35.0%	-25.7%	-23.8%	-30.6%	-2.8%	13.9%	-24.7%
3Y Excs Rtn	165.1%	-40.5%	-144.9%	-13.9%	21.2%	-127.1%	-27.2%

Comparison Analyses

	Title
0	Does Brinker International Stock Lead the Pack?
1	Brinker International vs. Bloomin Brands: With Return Forecast Of 15%, Bloomin Brands Is A Better Bet
2	EAT Could Deliver 27% Returns And Outperform BJRI
3	EAT Could Deliver 27% Returns And Outperform DIN
4	EAT Could Deliver 27% Returns And Outperform CBRL
5	Brinker vs. CoStar Group: With Return Forecast Of 77%, CoStar Group Is A Better Bet
6	Brinker vs. Cardinal Health: With Return Forecast Of 14%, Cardinal Health Is A Better Bet
7	Brinker vs. Monolithic Power Systems: With Return Forecast Of 46%, Monolithic Power Systems Is A Better Bet
8	Brinker vs. Fortinet: Similar Revenue, But Fortinet Is A Better Bet
9	Brinker vs. Marvell Technology Group: Similar Revenue, But Marvell Technology Group Is A Better Bet

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 6/25	LTM	2025	2024	2023	2022	2021	2020
Period End	3/25/2026	6/25/2025	6/26/2024	6/28/2023	6/29/2022	6/30/2021	6/24/2020
Filing Date	4/29/2026	8/15/2025	8/21/2024	8/23/2023	8/26/2022	8/26/2021	8/24/2020
Key Financials
Total Revenue	5,734	5,384	4,415	4,133	3,804	3,338	3,078
EBITDA	818	720	401	314	326	352	227
Operating Income	611	554	273	177	191	218	110
Net Income	463	383	155	103	118	132	24
EPS	10.52	8.60	3.49	2.33	2.62	2.89	0.64
Growth Rates
Total Revenue Growth	11.8%	21.9%	6.8%	8.7%	14.0%	8.4%	-4.3%
EBITDA Growth	28.4%	79.6%	27.5%	-3.5%	-7.4%	55.0%	-40.5%
Operating Income Growth	23.1%	103.0%	54.0%	-7.1%	-12.6%	98.5%	-51.4%
Net Income Growth	38.8%	146.7%	51.4%	-12.8%	-10.6%	439.3%	-84.2%
Margins
EBITDA Margin	14.3%	13.4%	9.1%	7.6%	8.6%	10.5%	7.4%
Operating Income Margin	10.7%	10.3%	6.2%	4.3%	5.0%	6.5%	3.6%
Net Income Margin	8.1%	7.1%	3.5%	2.5%	3.1%	3.9%	0.8%
Cash & Debt
Total Cash	57	19	65	15	14	24	44
Total Debt	1,748	1,694	1,999	2,161	2,273	2,044	2,400
Net Debt / (Cash)	1,691	1,675	1,934	2,146	2,260	2,020	2,356
Cash Flows
Net Cash from Operations	758	679	422	256	252	370	245
Free Cash from Operations	504	414	223	71	102	276	140
Returns to Shareholders
Dividends	0	-0	0	1	1	2	57
Share Repurchases	347	90	26	5	101	4	32

$ Mil \| FY: 6/25	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	3/25/2026	12/24/2025	9/24/2025	6/25/2025	3/26/2025	12/25/2024	9/25/2024	6/26/2024	3/27/2024	12/27/2023	9/27/2023	6/28/2023
Filing Date	4/29/2026	1/28/2026	10/29/2025	8/15/2025	4/29/2025	1/29/2025	10/30/2024	8/21/2024	4/30/2024	1/31/2024	11/1/2023	8/23/2023
Key Financials Quarterly
Total Revenue	1,470	1,452	1,349	1,462	1,425	1,358	1,139	1,208	1,120	1,074	1,012	1,076
Ebitda	222	223	172	201	212	204	103	118	113	104	66	102
Operating Income	169	169	119	154	166	168	65	97	80	66	30	72
Net Income	128	128	100	107	119	118	38	57	49	42	7	54
EPS	2.96	2.92	2.23	2.41	2.68	2.67	0.86	1.28	1.10	0.95	0.16	1.22
Key Financials TTM
Total Revenue TTM	5,734	5,688	5,594	5,384	5,130	4,826	4,542	4,415	4,282	4,245	4,190	4,133
Ebitda TTM	818	808	788	720	637	538	438	401	384	379	358	314
Operating Income TTM	611	608	607	554	496	410	308	273	248	239	222	177
Net Income TTM	463	454	444	383	333	263	187	155	152	154	140	103
Growth Rates Quarterly
Total Revenue Growth	3.2%	6.9%	18.5%	21.0%	27.2%	26.5%	12.5%	12.3%	3.4%	5.4%	6.0%	5.3%
EBITDA Growth	4.8%	9.5%	66.9%	70.2%	87.8%	96.6%	55.7%	16.2%	5.0%	25.4%	193.8%	17.3%
Operating Income Growth	1.7%	0.5%	81.9%	59.6%	107.9%	155.9%	114.1%	34.1%	13.2%	33.5%	306.1%	22.6%
Net Income Growth	7.4%	8.4%	158.4%	86.7%	144.6%	181.5%	434.7%	5.7%	-3.9%	50.9%	123.8%	34.8%
Margins Quarterly
EBITDA Margin	15.1%	15.4%	12.7%	13.7%	14.9%	15.0%	9.0%	9.8%	10.1%	9.7%	6.5%	9.4%
Operating Income Margin	11.5%	11.6%	8.8%	10.6%	11.6%	12.4%	5.7%	8.0%	7.1%	6.1%	3.0%	6.7%
Net Income Margin	8.7%	8.8%	7.4%	7.3%	8.4%	8.7%	3.4%	4.7%	4.3%	3.9%	0.7%	5.0%
Cash & Debt
Total Cash	57	15	34	19	18	15	16	65	16	23	14	15
Total Debt	1,748	1,763	1,821	1,694	1,719	1,855	2,009	1,999	2,032	2,092	2,152	2,161
Net Debt / (Cash)	1,691	1,748	1,787	1,675	1,701	1,840	1,993	1,934	2,016	2,070	2,138	2,146
Cash Flows Quarterly
FCF from Operations	232	219	121	186	212	218	63	142	130	91	59	56
Cash Flows TTM
FCF from Operations TTM	758	738	737	679	634	553	426	422	336	339	291	256
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	108	100	134	4	1	10	75	0	0	0	25	3
Return on Invested Capital (ROIC) Quarterly
ROIC	32.6%	31.4%	24.6%	29.9%	32.3%	30.6%	11.9%	19.8%	14.3%	11.7%	5.7%	13.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	30.2%	29.2%	28.7%	27.5%	25.2%	19.8%	14.4%	13.3%	12.3%	11.5%	10.4%	8.3%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Chili's	3,919	3,646	3,380	3,060	2,732
Maggiano's	496	487	424	278	347
Corporate	0	0	0
Total	4,415	4,133	3,804	3,338	3,078

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
Chili's	329	222	241	312	167
Maggiano's	58	54	41	6	13
Corporate	-157	-132	-122
Other				-119	-117
Total	230	144	160	199	63

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Chili's	2,158	2,080	2,117	1,912	1,967
Maggiano's	259	244	224	223	228
Corporate	176	163	144
Other				140	160
Total	2,593	2,487	2,484	2,275	2,356

Price Behavior

Price Behavior

Market Price	$139.68
Market Cap ($ Bil)	6.0
First Trading Date	07/28/1989
Distance from 52W High	-24.1%
	50 Days	200 Days
DMA Price	$143.69	$143.48
DMA Trend	down	down
Distance from DMA	-2.8%	-2.6%
	3M	1YR
Volatility	60.1%	46.4%
Downside Capture	94.32	91.90
Upside Capture	58.79	50.85
Correlation (SPY)	36.6%	27.7%

EAT Betas & Captures as of 4/30/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.66	1.42	1.46	1.20	1.08	1.11
Up Beta	2.15	2.46	2.43	1.91	2.14	1.35
Down Beta	12.35	3.79	2.91	0.92	0.85	1.15
Up Capture	53%	10%	33%	122%	44%	125%
Bmk +ve Days	15	22	31	66	141	428
Stock +ve Days	13	23	33	67	125	393
Down Capture	684%	87%	113%	92%	87%	93%
Bmk -ve Days	4	18	30	56	108	321
Stock -ve Days	9	20	31	58	126	358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with EAT
EAT	-1.8%	46.8%	0.10	-
Sector ETF (XLY)	13.3%	18.2%	0.55	27.7%
Equity (SPY)	30.3%	12.0%	1.91	27.4%
Gold (GLD)	36.8%	26.8%	1.14	8.4%
Commodities (DBC)	41.2%	18.7%	1.71	-18.9%
Real Estate (VNQ)	16.3%	13.1%	0.89	15.7%
Bitcoin (BTCUSD)	-32.5%	41.9%	-0.83	9.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with EAT
EAT	18.4%	49.1%	0.52	-
Sector ETF (XLY)	8.0%	23.7%	0.29	49.4%
Equity (SPY)	14.3%	17.0%	0.66	45.0%
Gold (GLD)	18.8%	18.0%	0.85	5.9%
Commodities (DBC)	10.1%	19.4%	0.41	3.5%
Real Estate (VNQ)	3.9%	18.8%	0.11	35.0%
Bitcoin (BTCUSD)	12.0%	55.3%	0.42	20.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with EAT
EAT	14.0%	55.0%	0.46	-
Sector ETF (XLY)	12.9%	22.0%	0.54	50.5%
Equity (SPY)	15.6%	17.9%	0.75	46.3%
Gold (GLD)	13.0%	16.0%	0.67	3.7%
Commodities (DBC)	7.5%	17.9%	0.34	15.9%
Real Estate (VNQ)	5.4%	20.7%	0.23	42.9%
Bitcoin (BTCUSD)	66.8%	66.9%	1.06	16.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	5.5 Mil
Short Interest: % Change Since 4152026	7.3%
Average Daily Volume	1.7 Mil
Days-to-Cover Short Interest	3.2 days
Basic Shares Quantity	43.2 Mil
Short % of Basic Shares	12.7%

Returns Analyses

	Title
0	Can Brinker International Stock Hold Up When Markets Turn?
1	Brinker International Stock Return Comparison
2	Brinker International Total Shareholder Return (TSR): -64.3% in 2022 and -15.8% 3-yr returns (below peer average)
3	Brinker International (EAT) Stock Return: AI Predicts EAT Average and Excess Return After a Fall or Rise

SEC Filings

Expand for More

Report Date	Filing Date	Filing
03/31/2026	04/29/2026	10-Q
12/31/2025	01/28/2026	10-Q
09/30/2025	10/29/2025	10-Q
06/30/2025	08/15/2025	10-K
03/31/2025	04/29/2025	10-Q
12/31/2024	01/29/2025	10-Q
09/30/2024	10/30/2024	10-Q
06/30/2024	08/21/2024	10-K
03/31/2024	04/30/2024	10-Q
12/31/2023	01/31/2024	10-Q
09/30/2023	11/01/2023	10-Q
06/30/2023	08/23/2023	10-K
03/31/2023	05/03/2023	10-Q
12/31/2022	02/01/2023	10-Q
09/30/2022	11/02/2022	10-Q
06/30/2022	08/26/2022	10-K

Recent Forward Guidance [BETA]

Latest: Q3 2026 Earnings Reported 4/29/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Total revenues	5.78 Bil	5.80 Bil	5.82 Bil	0.1%		Raised	Guidance: 5.79 Bil for 2026
2026 Net income per diluted share, excluding special items, non-GAAP	10.6	10.7	10.8	0.7%		Raised	Guidance: 10.7 for 2026
2026 Capital expenditures	240.00 Mil	245.00 Mil	250.00 Mil	-3.9%		Lowered	Guidance: 255.00 Mil for 2026
2026 Diluted weighted average shares	44.70 Mil	44.85 Mil	45.00 Mil	-0.2%		Lowered	Guidance: 44.95 Mil for 2026

Prior: Q2 2026 Earnings Reported 1/28/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Total revenues	5.76 Bil	5.79 Bil	5.83 Bil	2.6%		Raised	Guidance: 5.65 Bil for 2026
2026 Net income per diluted share, excluding special items, non-GAAP	10.4	10.7	10.8	4.4%		Raised	Guidance: 10.2 for 2026
2026 Capital expenditures	250.00 Mil	255.00 Mil	260.00 Mil	-8.9%		Lowered	Guidance: 280.00 Mil for 2026
2026 Weighted average shares	44.70 Mil	44.95 Mil	45.20 Mil	-1.2%		Lowered	Guidance: 45.50 Mil for 2026

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Allen, Frances L		Direct	Sell	5182026	135.78	1,000	135,780	2,523,879	Form
2	Katzman, James C		Direct	Sell	5152026	128.11	547	70,076	3,697,511	Form
3	Katzman, James C		Direct	Sell	2122026	164.19	447	73,393	4,760,525	Form
4	Comings, Douglas N	SVP & COO, Chili's	Direct	Sell	2102026	171.48	1,300	222,924	1,899,484	Form
5	Fuller, Daniel S	SVP, Chief Legal Officer	Direct	Sell	2102026	167.64	4,042	677,601	6,720,185	Form

EAT Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing EAT?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What EAT Makes & Who Pays

TTM figures based on

EAT Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Brinker International (EAT)

Market Price (5/27/2026): $139.71 | Market Cap: $6.0 BilSector: Consumer Discretionary | Industry: Restaurants

Brinker International (EAT)

Market Price (5/27/2026): $139.71Market Cap: $6.0 BilSector: Consumer DiscretionaryIndustry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About Brinker International (EAT)

Global Market

United States Market

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. Brinker International (EAT)

INDUSTRY: Restaurants

Higher Rev Chg 3Y Avg | Lower P/S (Values for EAT: 12.2% | 1.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EAT: 12.2% | 9.9x)

Higher Rev Chg LTM (Value for EAT: 11.8%)

Higher Rev Chg 3Y Avg (Value for EAT: 12.2%)

Higher Op Mgn LTM (Value for EAT: 10.7%)

Higher CFO/Rev LTM (Value for EAT: 13.2%)

Higher FCF/Rev LTM (Value for EAT: 8.8%)

Higher Total Yield (Value for EAT: 7.7%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for EAT: 12.2% | 1.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EAT: 12.2% | 9.9x)

Higher Rev Chg LTM (Value for EAT: 11.8%)

Higher Rev Chg 3Y Avg (Value for EAT: 12.2%)

Higher Op Mgn LTM (Value for EAT: 10.7%)

Higher CFO/Rev LTM (Value for EAT: 13.2%)

Higher FCF/Rev LTM (Value for EAT: 8.8%)

Higher Total Yield (Value for EAT: 7.7%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for EAT: 12.2% | 1.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EAT: 12.2% | 9.9x)

Higher Rev Chg LTM (Value for EAT: 11.8%)

Higher Rev Chg 3Y Avg (Value for EAT: 12.2%)

Higher Op Mgn LTM (Value for EAT: 10.7%)

Higher CFO/Rev LTM (Value for EAT: 13.2%)

Higher FCF/Rev LTM (Value for EAT: 8.8%)

Higher Total Yield (Value for EAT: 7.7%)

Best Bets in Consumer Discretionary

P/EBIT (Value for EAT: 10.1x)

P/E (Value for EAT: 13.0x)

Rev Chg 3Y Avg (Value for EAT: 12.2%)

Rev Chg LTM (Value for EAT: 11.8%)

Rev Chg Q (Value for EAT: 3.2%)

FCF/Rev 3Y Avg (Value for EAT: 6.6%)

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Market Price (5/27/2026): $139.71 | Market Cap: $6.0 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (5/27/2026): $139.71
Market Cap: $6.0 Bil
Sector: Consumer Discretionary
Industry: Restaurants