Brinker reports Q2 EPS $2.80

Reports Q2 revenue $1.36B, consensus $1.25B. Comparable restaurant sales increased 27.4%, with an increase in comparable restaurant sales of 31.4% for Chili’s and 1.8% for Maggiano’s. “Improving fundamentals continues to drive a better guest experience and sustained business results,” said President and CEO Kevin Hochman. “Chili’s sales comps accelerated to +31%, driven both by new guests trying Chili’s and return guests coming more frequently despite a more competitive promotional environment. These results would indicate we are building a much stronger business for the long term.”