Brinker International, Inc. · NYSE:EAT
Brinker International — Q3 F24 Earnings Presentation
7 slides from Brinker International's earnings presentation, Apr 30, 2024
Slide 1: Q3 F24 – April 30, 2024
», Brinker INTERNATIONAL-~ «3S MAGGIANO’S Q3 F24 April 30, 2024
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT During these presentations, and in response to your questions, certain items may be discussed which are not based entirely on historical facts. Any such items should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1
Slide 3: Same Store Sales – F23, F24
SAME STORE SALES – F23,F24 Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F23 5.3% 3.8% 18.2% 0.6% 10.4% Q2 F23 9.7% 8.0% 21.2% 4.1% 7.3% Q3 F23 10.8% 9.6% 21.6% 5.6% 12.5% Q4 F23 6.6% 6.3% 9.1% 2.9% 5.9% FY F23 8.1% 7.0% 17.3% 3.3% 13.3% Brinker Chili’s Maggiano’s Domestic
Slide 4: Brinker Sales and Revenue
BRINKER SALES AND REVENUE * Chili’s Company Sales Maggiano’s Company Sales $988 $953 $944 $140 $147 $898 $917 $841 $869 $120 $121 $121 $106 $104 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F23 F24 F23 F24 Total Company Sales Total Revenues $1,064 $1,073 $1,065 $1,009 $1,133 $1,002 $1,074 $1,083 $1,076 $946 $1,013 $1,01
Slide 5: Decrease in Q3 Food Cost Driven by Price/Mix
DECREASE IN Q3 FOOD COST DRIVEN BY PRICE/MIX 26.8% (10 bps) (160 bps) 25.1% Source: Brinker data 5
Slide 6: Wage and Salary Increases Offset by Sales Leverage
WAGE AND SALARY INCREASES OFFSET BY SALES LEVERAGE 10 bps (100 bps) 30 bps 40 bps 33.6% 33.4% Source: Brinker data 6
Slide 7: Restaurant Exp. Increase Driven by Advertising, R&M
RESTAURANT EXP. INCREASE DRIVEN BY ADVERTISING, R&M 30 bps (50 bps) 40 bps (50 bps) 150 bps 27.4% 26.2% Source: Brinker data 7