Chili's is experiencing a successful turnaround, achieving 24% growth in comparable restaurant sales, surpassing analyst expectations. The chain's parent company, Brinker International, reported a revenue of $1.46 billion for the fiscal fourth quarter. Brinker increased its earnings per share guidance, reflecting positive momentum. Efforts to simplify the menu and upgrade key items, notably ribs, have driven customer satisfaction and sales. The company's stock responded favorably, indicating market confidence in Chili's ongoing comeback and future prospects.
Chili's is officially back, baby back, as comparable restaurant sales grew 24%, exceeding analysts' expectations of 22%, and propelled Brinker's overall revenue to $1.46 billion.
Chili's ongoing comeback has been driven by efforts to simplify the menu, focusing on core items while upgrading key dishes like margaritas and ribs.
Customers are raving about the look, the size, and the taste of the ribs, indicating that we have a winning product with our new ribs.
Brinker International boosted its adjusted earnings per share guidance to $9.90 - $10.50, surpassing analysts' estimates, signaling a strong coming year.
Collection
[
|
...
]