The Italian American restaurant is continuing to expand its offerings, incorporating timely flavors and ingredientsDALLAS, Nov. 12, 2024 /PRNewswire/ -- Maggiano's Little Italy is celebrating the season with new fall-inspired menu items available throughout November and a limited-time Thanksgiving Family-Style menu, available for dine-in or carryout on November 28 at all locations nationwide. New menu selections include seasonal favorites like Butternut Squash Ravioli, "Riserva" Veal Parmesan, and Pumpkin P ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, November 7th:Brinker International, Inc. (EAT) : This franchisor of casual dining restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.Brinker has a PEG ratio of 1.23 compared with 3.01 for the industry. The company possesses a Growth Score  of AThe Greenbrier Companies, Inc. (GBX) : This railroad freight car ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, November 5th:Brinker International, Inc. (EAT) : This franchisor of casual dining restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days.Brinker has a PEG ratio of 1.25 compared with 3.07 for the industry. The company possesses a Growth Score  of AThe Greenbrier Companies, Inc. (GBX) : This railroad freight c ...

Group 1 - The article discusses the goals and plans for the new year, emphasizing the importance of setting clear objectives and strategies for achievement [1] - The company, Goulart's Restaurant Stocks, specializes in analyzing restaurant stocks in the U.S. market, covering various segments such as QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] Group 2 - The founder of Goulart's Restaurant Stocks has a strong background in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership [1] - The company actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous experience includes accounting and business consulting for companies across LATAM, serving as an independent accountant and consultant [1]

Investors might want to bet on Brinker International (EAT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy, should get reflected in its stock p ...

The U.S. stock market is poised to end 2024 on a high, building on a remarkable bull run from early 2023. Despite minor setbacks, the S&P 500 has gained over 22% year to date. In a notable shift, the Federal Reserve recently enacted its first rate cut since 2020, reducing interest rates by 50 basis points, with another potential cut on the horizon. This policy pivot supports Wall Street’s continued upward momentum.While the U.S. economy’s fundamentals remain strong, this month could see added volatility due ...

Revenue and Sales Performance - Total revenues for the thirteen week period ended September 25, 2024 were $1,139.0 million, compared to $1,012.5 million for the same period in 2023, driven by a $128.3 million increase in comparable restaurant sales and $8.4 million from new restaurant openings[83] - Comparable restaurant sales for Company-owned restaurants increased by 13.0%, with Chili's domestic leading at 14.1% and Maggiano's at 4.2%[84] - Franchise revenues increased to $1.2 million in the thirteen week period ended September 25, 2024, primarily due to higher royalties and franchise advertising revenues, with Chili's franchisees generating $225.7 million in sales and Maggiano's franchisees generating $3.2 million[83] - Chili's domestic comparable restaurant sales increased by 13.9%, driven by a 6.8% price impact and a 6.5% traffic impact, while Maggiano's saw a 4.2% increase with a 10.8% price impact but an 8.7% decline in traffic[84] - Chili's total revenues increased by 13.5% to $1,030.4 million, driven by favorable comparable restaurant sales, menu pricing, higher traffic, and favorable menu item mix[99] - Maggiano's total revenues increased by 4.0% to $108.6 million, primarily due to favorable comparable restaurant sales driven by menu pricing and favorable menu item mix[106] Cost Management and Efficiency - Food and beverage costs increased to $284.3 million, representing 25.2% of Company sales, a 0.6% favorable variance compared to the same period in 2023, driven by menu pricing partially offset by higher commodity costs[89][90] - Restaurant labor costs rose to $377.4 million, or 33.5% of Company sales, with a 1.3% favorable variance due to improved labor efficiency[89] - Restaurant labor costs were favorable by 1.3% due to 2.4% sales leverage and 0.1% lower other labor expenses, partially offset by 0.8% higher hourly labor expenses and 0.4% higher manager salaries[91] - Restaurant expenses were favorable by 1.2% due to 2.5% sales leverage and 0.3% lower delivery fees, partially offset by 1.3% higher repairs and maintenance and 0.3% higher other restaurant expenses[91] - Chili's food and beverage costs were favorable by 0.6% due to 1.8% from menu pricing, partially offset by 0.6% unfavorable commodity costs and 0.6% unfavorable menu item mix[100] Restaurant Operations and Expansion - The company operated 1,625 restaurants as of September 25, 2024, including 1,170 Company-owned and 455 franchised locations, with 14 new franchise restaurant openings during the period[71][79] - The company plans to open 29-36 new restaurants in fiscal 2025, including 9-11 Chili's domestic and 19-24 Chili's international locations[81] - Investments in digital technology and off-premise options have enhanced the dine-in experience and expanded To-Go and delivery options, with the Chili's mobile app and delivery partnerships driving convenience[75] - The "3 for Me" value platform, offering a non-alcoholic drink, appetizer, and entrée starting at $10.99, continues to be a key traffic driver in the current economic environment[74] Financial Performance and Cash Flow - Net cash provided by operating activities increased by $3.7 million to $62.8 million, driven by higher operating income, partially offset by increased payments of performance-based compensation and interest[111] - Net cash used in investing activities increased by $10.9 million to $56.5 million, primarily due to higher spend on Chili's capital maintenance and equipment[112] - Net cash used in financing activities increased by $40.5 million to $54.7 million, primarily due to $50.1 million in share repurchase activity, partially offset by $11.0 million in net borrowing activity[112] - The company repurchased 1.1 million shares of common stock for $74.8 million in the thirteen-week period ended September 25, 2024, with $117.0 million remaining under the current share repurchase program[119] Debt and Credit Facility - The company has a $900.0 million revolving credit facility with an interest rate of 6.46% as of September 25, 2024, consisting of SOFR of 4.86% plus an applicable margin and spread adjustment of 1.60%[114] - The company repaid $350.0 million of 5.000% senior notes on October 1, 2024, using available capacity under the existing revolving credit facility[116] - The company expects to remain in compliance with covenants under the $900.0 million revolving credit facility and the terms of the indentures governing its 5.000% and 8.250% notes for the remainder of fiscal 2024[115] - A hypothetical 100 basis point increase in the current interest rate on the $25.0 million outstanding under the revolving credit facility would result in an additional $0.3 million of annual interest expense[124] Liquidity and Capital Expenditures - The company believes its current cash and cash equivalents, along with cash generated from operations and availability under the revolving credit facility, will be adequate to meet capital expenditure and working capital needs for at least the next twelve months[121] - Depreciation and amortization increased by $4.4 million, with additions for new and existing restaurant assets contributing $7.5 million and retirements reducing it by $6.1 million[93] General and Administrative Expenses - General and administrative expenses increased by $9.4 million, driven by $3.2 million in performance-based compensation and $1.9 million in payroll expenses[94] Commodity Price Risk - The company faces commodity price risk due to potential fluctuations in food and other commodity prices, which could negatively affect short-term financial results if cost increases are not passed on to customers[126]

Brinker International, Inc. (NYSE:EAT) Q1 2025 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Kim Sanders – Vice President of Investor Relations Kevin Hochman – President and Chief Executive Officer Mika Ware – Chief Financial Officer Conference Call Participants Jeff Farmer – Gordon Haskett Chris O’Cull – Stifel Dennis Geiger – UBS David Palmer – Evercore ISI Brian Vaccaro – Raymond James Jeffrey Bernstein – Barclays Andrew Strelzik – BMO John Ivankoe – JP Morgan Alex Slagle – Je ...

Brinker International, Inc. (EAT) reported first-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased from the prior-year reported figure. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Following the results, the company's shares rose 6.6% in the pre-market trading session. Positive investor sentiments were witnessed as EAT provided a better-than-expected outlook for fiscal 2025. EAT's Q1 Earnings and Reve ...