Brinker International, Inc. announced strong financial results for the second quarter ended December 25, 2024, with company sales reaching $1,346.1 million, a substantial increase of $282.4 million from $1,063.7 million in the prior year period. Total revenues for the quarter were $1,358.2 million, up $284.1 million year-over-year.
Comparable restaurant sales for Brinker increased by 27.4%, driven by an impressive 31.4% rise at Chili's and a 1.8% increase at Maggiano's. Chili's sales growth was fueled by a 19.9% increase in traffic, attributed to advertising investments in value and operational improvements.
Profitability saw material improvement, with operating income margin increasing to 11.5% from 5.8% in the prior year, and non-GAAP restaurant operating margin rising to 19.1% from 13.1%. Net income surged to $118.5 million from $42.1 million, resulting in diluted earnings per share of $2.61, or $2.80 excluding special items, compared to $0.94 and $0.99 respectively in the prior year.
Based on the sustained elevated sales levels, Brinker International significantly updated its full-year fiscal 2025 guidance. Total revenues are now projected between $5.15 billion and $5.25 billion, a substantial increase from the previous range of $4.70 billion to $4.75 billion.
Adjusted diluted earnings per share are expected to be between $7.50 and $8.00, a significant raise from the prior guidance of $4.00 to $4.25. Capital expenditures are now anticipated between $265 million and $275 million, up from $200 million to $220 million, reflecting increased investment in the business.
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