Brinker International, Inc. announced robust financial results for the third quarter ended March 26, 2025, with company sales reaching $1,413.0 million, a substantial increase of $304.1 million from $1,108.9 million in the prior year period. Total revenues for the quarter were $1,425.1 million, up $304.8 million year-over-year.
Comparable restaurant sales for Brinker increased by 28.2%, driven by an impressive 31.6% rise at Chili's and a 0.4% increase at Maggiano's. Chili's sales growth was primarily fueled by a 20.9% traffic gain, supported by advertising highlighting value and operational improvements.
Profitability continued to improve, with operating income margin increasing to 11.0% from 6.2% in the prior year, and non-GAAP restaurant operating margin rising to 18.9% from 14.2%. Net income surged to $119.1 million from $48.7 million, resulting in diluted earnings per share of $2.56, or $2.66 excluding special items, compared to $1.08 and $1.24 respectively in the prior year.
Based on sustained elevated sales levels, Brinker International updated its full-year fiscal 2025 guidance. Annual revenues are now projected between $5.33 billion and $5.35 billion, a significant increase from the previous range of $5.15 billion to $5.25 billion.
Adjusted diluted earnings per share are expected to be between $8.50 and $8.75, a substantial raise from the prior guidance of $7.50 to $8.00. The company also repaid an additional $125.0 million in funded debt, demonstrating improved financial health.
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