Reports Q3 revenue $1.12B, consensus $1.12B. Reports Q3 comparable restaurant sales up 3.3% with an increase in comparable restaurant sales of 3.5% for Chili’s and 1.7% for Maggiano’s. “Our strong third quarter results were driven by the continued progress on guest experience, team member experience, and traffic driving initiatives,” said Kevin Hochman, Chief Executive Officer and President of Brinker International. “Those initiatives are allowing us to significantly outperform the industry on sales and traffic as well as continue to improve our restaurant four wall economics.”
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Read More on EAT:
- BRINKER INTERNATIONAL REPORTS THIRD QUARTER OF FISCAL 2024 RESULTS; AND UPDATES FISCAL 2024 GUIDANCE
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- Brinker price target raised to $54 from $50 at Raymond James
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- Brinker price target raised to $48 from $47 at Jefferies
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