Brinker International, Inc. · NYSE:EAT
Brinker International — Q1 FY2024 Earnings Presentation
7 slides from Brinker International's earnings presentation, Nov 1, 2023
Slide 1: Q1 F24
<, Brinker INTERNATIONAL «3S MAGGIANO’S Q1 F24 November 1, 2023
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 $953 $944 $140 $898 $841 $869 $120 $121 $106 $104 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F23 F24 F23 F24 Total Company Sales Total Revenues $1,073 $1,065 $1,009 $1,083 $1,076 $1,002 $1,013 $1,019 $946 $956 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F23 F24 F2
Slide 5: Menu Price, COS, Mix Contribute to Significant Decrease in Q1 Food Cost
MENU PRICE, COS, MIX CONTRIBUTE TO SIGNIFICANT DECREASE IN Q1 FOOD COST 30.7% (100 bps) (390 bps) 25.8% Source: Brinker data 5
Slide 6: Sales Leverage Impact Drives Labor Slightly Lower
SALES LEVERAGE IMPACT DRIVES LABOR SLIGHTLY LOWER 20 bps (20 bps) 50 bps (180 bps) 120 bps 34.9% 34.8% Source: Brinker data 6
Slide 7: Restaurant Exp. Increase Driven by Advertising, R&M
RESTAURANT EXP. INCREASE DRIVEN BY ADVERTISING, R&M 20 bps (120 bps) 40 bps 50 bps 200 bps (130 bps) 29.0% 28.4% Source: Brinker data 7
Brinker International — Q1 FY2024 Earnings Presentation on 6ix