Brinker International: Reports Q3 Of Fiscal 2021 Results

Dallas / TX . (bi) Brinker International Inc., a recognized leader in casual dining, announced results for the third quarter of fiscal 2021 ended March 24, 2021, and provided a financial update for the fourth quarter of fiscal 2021. «I am very pleased with the ongoing growth of our business as our guests are able to return in greater numbers to Chili’s and Maggiano’s dining rooms,» said Wyman Roberts, CEO and President. «This reopening trend, supported by investment in our digital platforms and virtual brands, now has us meaningfully outperforming our F19 sales and traffic results.»

The third quarter of fiscal 2021 results reflect the continued impact from the Covid-19 pandemic. At the end of the third quarter, substantially all of our Company-owned restaurant dining rooms or patios were open in some capacity in accordance with state and local mandates.

  • Operating income in the third quarter of fiscal 2021 increased to USD 52.2 million as compared to USD 41.1 million in the third quarter of fiscal 2020.
  • Restaurant operating margin in the third quarter of fiscal 2021 increased to 13.9 percent in the third quarter of fiscal 2021 compared to 12.8 percent in the third quarter of fiscal 2020.
  • Chili’s Company sales in the third quarter of fiscal 2021 increased to USD 749.0 million in the third quarter of fiscal 2021 as compared to USD 748.7 million in the third quarter of fiscal 2020.
  • Net income per diluted share, on a GAAP basis, in the third quarter of fiscal 2021 was USD 0.73 compared to USD 0.81 in the third quarter of fiscal 2020, and excluding special items Net income per diluted share in the third quarter of fiscal 2021 was USD 0.78 compared to USD 1.28 in the third quarter of fiscal 2020.
  • Net cash provided by operating activities in the thirty-nine week period ended March 24, 2021 was USD 268.6 million, and capital expenditures totaled USD 62.4 million resulting in free cash flow of USD 206.2 million.
  • The estimated impact of Winter Storm «Uri» during the third quarter of fiscal 2021 was a decrease in Company sales of USD 10.5 million, comparable restaurant sales of 1.2 percent, and Net income per diluted share, excluding special items, of USD 0.06.

For additional information please read the Company’s PDF file below (123 KB):

20210428-BRINKER-Q3-2021
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