Brinker International (EAT) Trails as Q1 Sit-Down Dining Revenue Beats Estimates
The Q1 sit-down dining earnings season concluded with the group beating revenue estimates by 0.9% on aggregate, pushing shares up 8.2% on average. Brinker International (NYSE:EAT) recorded the weakest relative performance and full-year guidance. Brinker, parent of Chili's and Maggiano's, reported revenue of $1.47 billion, a 3.2% year-over-year increase that matched expectations. Comparable sales grew 4%, marking the 20th consecutive quarterly gain, but its stock rose only 8.6% to $140.28. In contrast, Texas Roadhouse (TXRH) posted $1.63 billion in revenue, up 12.8% YoY, and its stock advanced 14.3%. Kura Sushi (KRUS) delivered the strongest beat with revenue up 23.3% to $80.02 million, yet shares tumbled 21.7%, reflecting diverging investor reactions to growth versus valuation.