Brinker International, Inc. Q1 2027 Earnings Recap

Brinker’s shares rose 12.2% after earnings, as Chili’s delivered 10% same-store sales growth and management projected a mid-single-digit comp for Q2 despite tough comparisons. Traffic-led gains and continued momentum in the Big Crispy Chicken sandwich were central positives.

Key Takeaways

• Chili’s same-store sales increased 10%, including 6% traffic growth, and outperformed the casual dining industry by 720 basis points.
• The comp followed increases of 21% and 14% in the year-ago and two-years-ago quarters, respectively; management cited a 52% three-year cumulative comp.
• Management expects Chili’s to deliver a positive, mid-single-digit comp in Q2, citing repeat guests and commercial and operational plans.
• The Big Crispy Chicken sandwich held at 55 sold per restaurant per day, matching Q4; its $10.99 price includes a complete meal.
• Maggiano’s banquet sales rose 11% year over year after changes to staffing and banquet operations.