# Brinker International (EAT) 8-K SEC filing

- Filed: Aug 12, 2026, 8:05 AM EDT
- Accession: 0000703351-26-000026
- OpenCapital page: https://www.opencapital.sh/filings/0000703351-26-000026
- Markdown URL: https://www.opencapital.sh/filings/0000703351-26-000026.md
- Official SEC filing index: https://www.sec.gov/Archives/edgar/data/703351/000070335126000026/0000703351-26-000026-index.htm

## Filing documents

- [8-K (eat-20260810.htm)](https://www.sec.gov/Archives/edgar/data/703351/000070335126000026/eat-20260810.htm)
- [EX-99.1 (fy26q4ex991-earningsrelease.htm)](https://www.sec.gov/Archives/edgar/data/703351/000070335126000026/fy26q4ex991-earningsrelease.htm)

---

## 8-K

SEC source: [eat-20260810.htm](https://www.sec.gov/Archives/edgar/data/703351/000070335126000026/eat-20260810.htm)

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

### WASHINGTON D.C. 20549

FORM 8-K

Current Report

### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

### Date of Report (Date of earliest event reported): August 10, 2026

### BRINKER INTERNATIONAL, INC.

### (Exact name of registrant as specified in its charter)

|  |  |  |
| --- | --- | --- |
| DE | 1-10275 | 75-1914582 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 3000 Olympus Blvd |  |  |
| TX |  | 75019 |
| (Address of principal executive offices) |  | (Zip Code) |
|  | 980-9917 |  |
| (Registrant’s telephone number, including area code) |  |  |

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of exchange on which registered

Common Stock, $0.10 par value EAT NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

SECTION 2 – FINANCIAL INFORMATION

## Item 2.02. Results of Operations and Financial Conditions.

The information contained under this Item 2.02 in this Current Report on Form 8-K, including the Exhibit attached hereto, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

On August 12, 2026, Brinker International, Inc. (the “Company”) issued a Press Release announcing its fourth quarter of fiscal 2026 results and guidance for fiscal 2027. A copy of the Press Release is attached hereto as Exhibit 99.1.

SECTION 8 - OTHER EVENTS

## Item 8.01. Other Events.

On August 10, 2026, the Board of Directors of the Company authorized the repurchase of up to an additional $718.0 million in shares of the Company’s common stock under the Company’s share repurchase program (the “Repurchase Program”), allowing for a total available authority of $750.0 million under the Repurchase Program. The Repurchase Program does not obligate the Company to acquire any particular amount of common stock. The authorization under the Repurchase Program has an open-ended term, but it may be suspended, modified or discontinued at any time.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

## Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

[99.1](fy26q4ex991-earningsrelease.htm) Press Release dated August 12, 2026.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BRINKER INTERNATIONAL, INC.,   a Delaware corporation

Dated: August 12, 2026 By: /S/ KEVIN D. HOCHMAN

Kevin D. Hochman,

President and Chief Executive Officer

of Brinker International, Inc. and President

of Chili’s Grill & Bar and Maggiano's Little Italy

(Principal Executive Officer)

---

## EX-99.1

SEC source: [fy26q4ex991-earningsrelease.htm](https://www.sec.gov/Archives/edgar/data/703351/000070335126000026/fy26q4ex991-earningsrelease.htm)

Exhibit 99.1

### BRINKER INTERNATIONAL REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2026 RESULTS AND PROVIDES FISCAL 2027 GUIDANCE

DALLAS (August 12, 2026) – Brinker International, Inc. (NYSE: EAT) today announced its financial results for the fourth quarter and fiscal year ended June 24, 2026 and provided guidance for fiscal 2027.

### Fourth Quarter and Full Year Fiscal 2026 Financial Highlights

“Q4 2026 completes five consecutive years of Chili’s same-store sales growth, delivering an unprecedented 71% cumulative increase over that time,” said Kevin Hochman, President and CEO of Brinker International. “Our strong brand relevance, industry-leading value proposition, streamlined operations, and significant restaurant investments have created a competitive moat that positions Chili's to deliver sustainable, profitable growth.”

In the fourth quarter of fiscal 2026, Company sales were $1,521.2 million compared to $1,448.9 million in the fourth quarter of fiscal 2025. Company comparable restaurant sales increased 5.0% in the fourth quarter of fiscal 2026, including 5.6% for Chili’s, as the brand drove positive traffic and continued outperformance against the casual dining industry. Chili's sustained strong performance reflects disciplined execution across the business. Continued investments in food quality, service, atmosphere, menu innovation, everyday value, and high-impact marketing reinforced the strength of the brand and attracted new guests, reinforcing the Company's confidence in its ability to deliver sustainable long-term growth. Chili’s momentum accelerated in July with the sustained success of the Big Crispy chicken sandwich and other brand initiatives. Net income per diluted share and Net income per diluted share, excluding special items, non-GAAP, increased 30.0% and 23.3%, respectively, for the fourth quarter of fiscal 2026 compared to the fourth quarter of fiscal 2025.

During fiscal 2026, the Company utilized operational cash flow to repurchase $400.0 million of the Company’s common stock. Effective August 10, 2026, our Board of Directors authorized a total of $750.0 million under our existing share repurchase program.

**Financial results for the fourth quarter and full year of fiscal 2026 and fiscal 2025 were as follows (in millions, except per share amounts and percentages):**

| Line item | Fourth Quarter / 2026 | Fourth Quarter / 2025 | Fourth Quarter / Variance | Fiscal Year / 2026 | Fiscal Year / 2025 | Fiscal Year / Variance |
| --- | --- | --- | --- | --- | --- | --- |
| Company sales | $1,521.2 | $1,448.9 | $72.3 | $5,750.9 | $5,335.3 | $415.6 |
| Total revenues | $1,535.8 | $1,461.9 | $73.9 | $5,807.4 | $5,384.2 | $423.2 |
| Operating income | $167.0 | $142.7 | $24.3 | $619.9 | $512.0 | $107.9 |
| Operating income as a % of Total revenues | 10.9% | 9.8% | 1.1% | 10.7% | 9.5% | 1.2% |
| Restaurant operating margin, non-GAAP(1) | $273.4 | $258.2 | $15.2 | $1,026.4 | $933.5 | $92.9 |
| Restaurant operating margin as a % of Company sales, non-GAAP(1) | 18.0% | 17.8% | 0.2% | 17.8% | 17.5% | 0.3% |
| Net income | $131.1 | $107.0 | $24.1 | $487.0 | $383.1 | $103.9 |
| Adjusted EBITDA, non-GAAP(1) | $227.6 | $212.4 | $15.2 | $847.2 | $760.4 | $86.8 |
| Net income per diluted share | $2.99 | $2.30 | $0.69 | $10.87 | $8.32 | $2.55 |
| Net income per diluted share, excluding special items, non-GAAP(1) | $3.07 | $2.49 | $0.58 | $10.74 | $8.90 | $1.84 |

Comparable Restaurant Sales(2)

| Line item | Q4:26 vs 25 | FY:26 vs 25 |
| --- | --- | --- |
| Brinker | 5.0% | 8.1% |
| Chili’s | 5.6% | 9.2% |
| Maggiano’s | (2.5)% | (3.9)% |

(1) See Non-GAAP Information and Reconciliations section below for more details.

(2) Comparable Restaurant Sales include restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed for 14 days or more are excluded from comparable restaurant sales. Percentage amounts are calculated based on the comparable periods year-over-year.

Subsequent to the end of the fiscal year, on July 16, 2026, the Company redeemed the outstanding $350.0 million 8.25% notes, and the payoff was funded with borrowings from the revolving credit facility. During the fourth quarter of fiscal 2026, the Company executed an agreement with a franchisee for the acquisition of 12 Chili’s restaurants located in Alabama and Mississippi, including the real estate for six of the locations, and the transaction is expected to close on August 27, 2026.

### Full Year Fiscal 2027 Guidance

We are providing the following select financial guidance for fiscal 2027 which includes a 53rd operating week in the fourth quarter. We estimate the impact of the additional operating week to be an increase of approximately 2.0% in Total revenues and $0.70 in Net income per diluted share, excluding special items, non-GAAP:

|  |  |
| --- | --- |
| Total revenues | $6.15 billion - $6.27 billion |
| Net income per diluted share, excluding special items, non-GAAP | $12.60 - $13.40 |
| Capital expenditures | $265.0 million - $285.0 million |
| Diluted weighted average shares | 42.0 million - 43.0 million |

The risks outlined in the Forward-Looking Statements paragraph of this press release, among other risks, could cause actual results to differ materially from forecasted results. We are unable to reliably forecast special items without unreasonable effort. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.

### Fourth Quarter of Fiscal 2026 Operating Performance

### Segment Performance

The table below presents selected financial information (in millions, except as noted) related to our segments’ operational performance for the thirteen week periods ended June 24, 2026 and June 25, 2025:

| Line item | Chili’s / Fourth Quarter / 2026 | Chili’s / Fourth Quarter / 2025 | Chili’s / Variance | Maggiano’s / Fourth Quarter | Maggiano’s / Fourth Quarter | Variance |
| --- | --- | --- | --- | --- | --- | --- |
| Company sales | $1,408.6 | $1,326.8 | $81.8 | $112.6 | $122.1 | $(9.5) |
| Franchise revenues | 14.4 | 12.8 | 1.6 | 0.2 | 0.2 | — |
| Total revenues | $1,423.0 | $1,339.6 | $83.4 | $112.8 | $122.3 | $(9.5) |
| Company restaurant expenses(1) | $1,146.7 | $1,085.4 | $61.3 | $101.0 | $105.8 | $(4.8) |
| Company restaurant expenses as a % of Company sales | 81.4% | 81.8% | (0.4)% | 89.7% | 86.7% | 3.0% |
| Operating income - GAAP | $214.2 | $177.3 | $36.9 | $1.0 | $13.4 | $(12.4) |
| Operating income (loss) as a % of Total revenues | 15.1% | 13.2% | 1.9% | 0.9% | 11.0% | (10.1)% |
| Restaurant operating margin, non-GAAP(2) | $261.9 | $241.4 | $20.5 | $11.6 | $16.3 | $(4.7) |
| Restaurant operating margin as a % of Company sales, non-GAAP(2) | 18.6% | 18.2% | 0.4% | 10.3% | 13.3% | (3.0)% |

(1) Company restaurant expenses includes Food and beverage costs, Restaurant labor and Restaurant expenses, and excludes Depreciation and amortization, General and administrative and Other (gains) and charges.

(2) See Non-GAAP Information and Reconciliations section below for more details.

Chili’s

- Chili’s Company sales increased primarily due to favorable comparable restaurant sales driven by menu pricing and higher traffic.
- Chili’s Company restaurant expenses, as a percentage of Company sales, decreased primarily due to sales leverage and lower manager bonus, partially offset by unfavorable Food and beverage costs, higher advertising, hourly labor, delivery fees and to-go supplies, manager salaries, and other restaurant expenses. Food and beverage costs were negatively impacted by higher beef costs and a temporary increase in produce costs due to a late freeze in Florida.
- Chili’s franchisees generated sales of approximately $301.2 million for the fourth quarter of fiscal 2026 compared to $262.3 million for the fourth quarter of fiscal 2025.

Maggiano’s

- Maggiano’s Company sales decreased primarily due to lower traffic and restaurant closures, partially offset by menu pricing.
- Maggiano’s Company restaurant expenses, as a percentage of Company sales, increased primarily due to sales deleverage, unfavorable Food and beverage costs, higher pre-opening costs, partially offset by lower worker’s compensation and general liability insurance, repairs and maintenance, and advertising.

Corporate

- On a GAAP basis, the effective income tax rate was 17.3% in the fourth quarter of fiscal 2026. The effective income tax rate is lower than the statutory rate of 21.0% primarily due to leverage of the FICA tip credit. Excluding the impact of special items, the effective income tax rate was an expense of 17.6% in the fourth quarter of fiscal 2026.

### Webcast Information

Investors and interested parties are invited to listen to today’s conference call, as management will provide further details of the quarter and business updates. A real-time audio webcast of the presentation can be accessed via the Events and Presentations section of the Brinker Investor Relations page. The call will be broadcast live today, August 12, 2026 at 9 a.m. CDT:

https://investors.brinker.com/events-and-presentations/ For those who are unable to listen to the live broadcast, a replay of the call will be available shortly thereafter.

Additional financial information, including statements of income which detail operations excluding special items, and comparable restaurant sales trends by brand, is also available on Brinker’s website under the Financial Information section of the Investor tab.

### Forward Calendar

- SEC Form 10-K for the year of fiscal 2026 filing on or before August 24, 2026
- Earnings release call for the first quarter of fiscal 2027 on October 28, 2026

### Non-GAAP Measures

Brinker management uses certain non-GAAP measures in analyzing operating performance and believes that the presentation of these measures in this release provides investors with information that is beneficial to gaining an understanding of the Company’s financial results. Non-GAAP disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP measures are included in the tables below.

### About Brinker

Brinker International, Inc. is one of the world’s leading casual dining restaurant companies and home of Chili’s® Grill & Bar, and Maggiano’s Little Italy.® Founded in 1975 in Dallas, Texas, we’ve ventured far from home, but stayed true to our roots. Brinker owns, operates or franchises more than 1,600 restaurants in the United States, 28 other countries and two U.S. territories. Our passion is making everyone feel special, and we hope you feel that passion each time you visit one of our restaurants or invite us into your home through takeout or delivery. Learn more about Brinker and its brands at brinker.com.

### Forward-Looking Statements

The statements and tables contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only based on our current plans and expectations as of the date such statements are made, and we undertake no obligation to update forward-looking statements to reflect events or circumstances arising after the date such statements are made. Forward-looking statements are neither predictions nor guarantees of future events or performance and are subject to risks and uncertainties which could cause actual results to differ materially from our historical results or from those projected in forward-looking statements. Such risks and uncertainties include, among other things, the impact of general economic conditions, including inflation, on economic activity and on our operations; disruptions on our business including consumer demand, costs, product mix, our strategic initiatives, operations, technology and assets, and our financial performance; the impact of current and potential tariffs and trade barriers; the impact of competition, including competitors employing our same strategies or discounting their offerings; changes in consumer preferences, including shifts in their brand preferences; food-borne illness outbreaks; consumer perception of food safety; reduced consumer discretionary spending;

governmental regulations; the effectiveness of the Company's business strategy plan; loss of key management personnel; failure to hire and retain high-quality restaurant management and team members; increasing regulation surrounding wage inflation and competitive labor markets; the impact of social media, including the potential governmental ban of platforms used by the Company in its marketing initiatives; reputational damage or unfavorable publicity for our brands, which may result from actions of franchisees not within our control; reliance on technology and third party delivery providers; failure to protect the security of data of our guests and team members; product availability and supply chain disruptions; regional business and economic conditions; volatility in consumer, commodity, transportation, labor, currency and capital markets; litigation; franchisee success; technology failures; failure to protect our intellectual property; outsourcing; impairment of goodwill or assets; failure to maintain effective internal control over financial reporting; downgrades in credit ratings; changes in estimates regarding our assets; actions of activist shareholders; our pursuit of or failure to comply with new environmental and sustainability requirements; our pursuit of or failure to achieve any goals, targets or objectives with respect to sustainability matters; adverse weather conditions; terrorist acts; cybersecurity, artificial intelligence and phishing threats; health epidemics or pandemics; tax reform; inadequate insurance coverage; and limitations imposed by our credit agreements as well as the risks and uncertainties described in “Risk Factors” in our Annual Report on Form 10-K and future filings with the Securities and Exchange Commission.

**BRINKER INTERNATIONAL, INC.**

### Consolidated Statements of Comprehensive Income (Unaudited)

_(In millions, except per share amounts)_

| Line item | Thirteen Week Periods Ended / June 24, 2026 | Thirteen Week Periods Ended / June 25, 2025 | Fifty-Two Week Periods Ended / June 24, 2026 | Fifty-Two Week Periods Ended / June 25, 2025 |
| --- | --- | --- | --- | --- |
| Revenues |  |  |  |  |
| Company sales | $1,521.2 | $1,448.9 | $5,750.9 | $5,335.3 |
| Franchise revenues | 14.6 | 13.0 | 56.5 | 48.9 |
| Total revenues | 1,535.8 | 1,461.9 | 5,807.4 | 5,384.2 |
| Operating costs and expenses |  |  |  |  |
| Food and beverage costs | 399.4 | 369.3 | 1,487.6 | 1,350.6 |
| Restaurant labor | 476.4 | 466.7 | 1,810.2 | 1,717.3 |
| Restaurant expenses | 372.0 | 354.7 | 1,426.7 | 1,333.9 |
| Depreciation and amortization | 55.5 | 57.9 | 218.7 | 206.6 |
| General and administrative | 60.4 | 58.8 | 235.7 | 222.0 |
| Other (gains) and charges(1) | 5.1 | 11.8 | 8.6 | 41.8 |
| Total operating costs and expenses | 1,368.8 | 1,319.2 | 5,187.5 | 4,872.2 |
| Operating income | 167.0 | 142.7 | 619.9 | 512.0 |
| Interest expenses | 9.2 | 10.9 | 40.5 | 53.1 |
| Other income, net | (0.7) | (0.4) | (1.5) | (1.1) |
| Income before income taxes | 158.5 | 132.2 | 580.9 | 460.0 |
| Provision for income taxes | 27.4 | 25.2 | 93.9 | 76.9 |
| Net income | $131.1 | $107.0 | $487.0 | $383.1 |
| Basic net income per share | $3.08 | $2.41 | $11.16 | $8.60 |
| Diluted net income per share | $2.99 | $2.30 | $10.87 | $8.32 |
| Basic weighted average shares outstanding | 42.6 | 44.5 | 43.6 | 44.6 |
| Diluted weighted average shares outstanding | 43.9 | 46.5 | 44.8 | 46.1 |
| Other comprehensive income (loss) |  |  |  |  |
| Foreign currency translation adjustment | $(0.2) | $0.2 | $(0.3) | $(0.1) |
| Comprehensive income | $130.9 | $107.2 | $486.7 | $383.0 |

**(1)Other (gains) and charges included in the Consolidated Statements of Comprehensive Income (Unaudited):**

| Line item | Thirteen Week Periods Ended / June 24, 2026 | Thirteen Week Periods Ended / June 25, 2025 | Fifty-Two Week Periods Ended / June 24, 2026 | Fifty-Two Week Periods Ended / June 25, 2025 |
| --- | --- | --- | --- | --- |
| Restaurant-level impairment charges | $5.7 | $4.6 | $5.7 | $4.6 |
| Litigation & claims, net | 1.0 | 11.3 | 3.4 | 22.4 |
| Restaurant closure asset write-offs and charges | 0.5 | 1.8 | 2.7 | 4.1 |
| Severance and other benefit charges | — | 0.1 | 1.7 | 2.4 |
| Enterprise system implementation costs | — | 2.1 | — | 14.1 |
| Lease contingencies | — | 0.2 | — | 1.7 |
| Lease modification gain, net | (1.1) | (3.9) | (3.7) | (5.1) |
| Loss from natural disasters, net (of insurance recoveries) | (0.2) | (4.4) | (2.2) | (3.7) |
| Other, net | (0.8) | — | 1.0 | 1.3 |
| Total other (gains) and charges | $5.1 | $11.8 | $8.6 | $41.8 |

**BRINKER INTERNATIONAL, INC.**

### Condensed Consolidated Balance Sheets (Unaudited)

_(In millions)_

| Line item | June 24, 2026 | June 25, 2025 |
| --- | --- | --- |
| ASSETS |  |  |
| Total current assets | $307.7 | $207.0 |
| Net property and equipment | 967.4 | 952.7 |
| Operating lease assets | 1,205.9 | 1,149.1 |
| Deferred income taxes, net | 69.1 | 101.4 |
| Other assets | 264.9 | 268.4 |
| Total assets | $2,815.0 | $2,678.6 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
| Total current liabilities | $676.7 | $675.6 |
| Long-term debt and finance leases, less current installments | 419.7 | 426.0 |
| Long-term operating lease liabilities, less current portion | 1,194.3 | 1,135.3 |
| Other liabilities | 80.6 | 70.8 |
| Total shareholders’ equity | 443.7 | 370.9 |
| Total liabilities and shareholders' equity | $2,815.0 | $2,678.6 |

**BRINKER INTERNATIONAL, INC.**

### Condensed Consolidated Statements of Cash Flows (Unaudited)

_(In millions)_

| Line item | Fifty-Two Week Periods Ended / June 24, 2026 | Fifty-Two Week Periods Ended / June 25, 2025 |
| --- | --- | --- |
| Cash flows from operating activities |  |  |
| Net income | $487.0 | $383.1 |
| Adjustments to reconcile Net income to Net cash provided by operating activities: |  |  |
| Depreciation and amortization | 218.7 | 206.6 |
| Deferred income taxes, net | 32.2 | 12.6 |
| Non-cash other (gains) and charges | 12.1 | 25.7 |
| Stock-based compensation | 32.2 | 31.4 |
| Net loss on disposal of assets | 10.3 | 11.7 |
| Other | 1.8 | 2.6 |
| Changes in assets and liabilities | (4.9) | 5.3 |
| Net cash provided by operating activities | 789.4 | 679.0 |
| Cash flows from investing activities |  |  |
| Payments for property and equipment | (231.9) | (265.3) |
| Proceeds from sale of assets | 0.4 | 1.0 |
| Insurance recoveries | 0.5 | 0.9 |
| Net cash used in investing activities | (231.0) | (263.4) |
| Cash flows from financing activities |  |  |
| Borrowings on revolving credit facility | 650.0 | 885.0 |
| Payments on revolving credit facility | (650.0) | (885.0) |
| Purchases of treasury stock | (443.9) | (90.2) |
| Payments on long-term debt | (24.1) | (375.8) |
| Proceeds from issuance of treasury stock | 0.7 | 8.3 |
| Payments for debt issuance costs | — | (3.6) |
| Net cash used in financing activities | (467.3) | (461.3) |
| Net change in cash and cash equivalents | 91.1 | (45.7) |
| Cash and cash equivalents at beginning of period | 18.9 | 64.6 |
| Cash and cash equivalents at end of period | $110.0 | $18.9 |

BRINKER INTERNATIONAL, INC.

**Restaurant Summary**

| Line item | Total Restaurants Open at June 24, 2026 | Total Restaurants Open at June 25, 2025 | Fiscal 2026 New Openings / Fourth Quarter Openings | Fiscal 2026 New Openings / Fiscal Year Openings |
| --- | --- | --- | --- | --- |
| Company-owned restaurants |  |  |  |  |
| Chili’s domestic | 1,110 | 1,109 | 1 | 6 |
| Chili’s international | 4 | 4 | — | — |
| Maggiano’s domestic | 49 | 49 | — | — |
| Total Company-owned | 1,163 | 1,162 | 1 | 6 |
| Franchise restaurants |  |  |  |  |
| Chili’s domestic | 99 | 99 | 1 | 4 |
| Chili’s international | 370 | 364 | 6 | 23 |
| Maggiano’s domestic | 3 | 3 | — | — |
| Total franchise | 472 | 466 | 7 | 27 |
| Total Company-owned and franchise |  |  |  |  |
| Chili’s domestic | 1,209 | 1,208 | 2 | 10 |
| Chili’s international | 374 | 368 | 6 | 23 |
| Maggiano’s domestic | 52 | 52 | — | — |
| Total | 1,635 | 1,628 | 8 | 33 |

### NON-GAAP INFORMATION AND RECONCILIATIONS

### Comparable Restaurant Sales

**Q4 26 and Q4 25**

| Line item | Comparable Restaurant Sales(1) / Q4:26 vs 25 | Comparable Restaurant Sales(1) / Q4:25 vs 24 | Price Impact / Q4:26 vs 25 | Price Impact / Q4:25 vs 24 | Mix-Shift Impact(2) / Q4:26 vs 25 | Mix-Shift Impact(2) / Q4:25 vs 24 | Traffic Impact / Q4:26 vs 25 | Traffic Impact / Q4:25 vs 24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Company-owned | 5.0% | 21.3% | 4.2% | 3.0% | (0.2)% | 4.5% | 1.0% | 13.8% |
| Chili’s | 5.6% | 23.7% | 4.3% | 2.7% | (0.2)% | 4.7% | 1.5% | 16.3% |
| Maggiano’s | (2.5)% | (0.4)% | 2.9% | 7.0% | (0.1)% | 1.5% | (5.3)% | (8.9)% |
| Franchise(3) | 5.6% | 11.4% |  |  |  |  |  |  |
| U.S. | 8.3% | 15.5% |  |  |  |  |  |  |
| International | 4.0% | 9.0% |  |  |  |  |  |  |
| Chili’s domestic(4) | 5.9% | 23.2% |  |  |  |  |  |  |
| System-wide(5) | 5.1% | 19.8% |  |  |  |  |  |  |

**FY 26 and FY 25**

| Line item | Comparable Restaurant Sales(1) / FY:26 vs 25 | Comparable Restaurant Sales(1) / FY:25 vs 24 | Price Impact / FY:26 vs 25 | Price Impact / FY:25 vs 24 | Mix-Shift Impact(2) / FY:26 vs 25 | Mix-Shift Impact(2) / FY:25 vs 24 | Traffic Impact / FY:26 vs 25 | Traffic Impact / FY:25 vs 24 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Company-owned | 8.1% | 22.7% | 4.4% | 4.8% | 1.2% | 4.4% | 2.5% | 13.5% |
| Chili’s | 9.2% | 25.3% | 4.4% | 4.5% | 1.2% | 4.8% | 3.6% | 16.0% |
| Maggiano’s | (3.9)% | 1.5% | 5.0% | 7.8% | 0.4% | 1.2% | (9.3)% | (7.5)% |
| Franchise(3) | 8.6% | 11.7% |  |  |  |  |  |  |
| U.S. | 10.6% | 19.9% |  |  |  |  |  |  |
| International | 7.3% | 6.8% |  |  |  |  |  |  |
| Chili’s domestic(4) | 9.4% | 25.0% |  |  |  |  |  |  |
| System-wide(5) | 8.2% | 21.0% |  |  |  |  |  |  |

(1) Comparable Restaurant Sales include all restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed 14 days or more are excluded from Comparable Restaurant Sales. Percentage amounts are calculated based on the comparable periods year-over-year.

(2) Mix-Shift is calculated as the year-over-year percentage change in Company sales resulting from the change in menu items ordered by guests.

(3) Franchise sales generated by franchisees are not included in Total revenues in the Consolidated Statements of Comprehensive Income (Unaudited); however, we generate royalty revenues and advertising fees based on franchisee revenues, where applicable. We believe presenting Franchise Comparable Restaurant Sales provides investors relevant information regarding total brand performance.

(4) Chili’s domestic Comparable Restaurant Sales percentages are derived from sales generated by Company-owned and franchise-operated Chili’s restaurants in the United States.

(5) System-wide Comparable Restaurant Sales are derived from sales generated by Chili’s and Maggiano’s Company-owned and franchise-operated restaurants.

### Reconciliation of Net Income Excluding Special Items (in millions, except per share amounts)

Brinker believes excluding special items from its financial results provides investors with a clearer perspective of the Company’s ongoing operating performance and a more relevant comparison to prior period results.

| Line item | Fourth Quarter / Q4 26 | Fourth Quarter / EPS Q4 26 | Fourth Quarter / Q4 25 | Fourth Quarter / EPS Q4 25 | Fiscal Year / FY 26 | Fiscal Year / EPS FY 26 | Fiscal Year / FY 25 | Fiscal Year / EPS FY 25 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Net income, GAAP | $131.1 | $2.99 | $107.0 | $2.30 | $487.0 | $10.87 | $383.1 | $8.32 |
| Special items - Other (gains) and charges(1) | 5.1 | 0.11 | 11.8 | 0.25 | 8.6 | 0.19 | 41.8 | 0.91 |
| Income tax effect related to special items(2) | (1.2) | (0.03) | (2.6) | (0.05) | (2.1) | (0.04) | (10.1) | (0.22) |
| Special items, net of taxes | 3.9 | 0.08 | 9.2 | 0.20 | 6.5 | 0.15 | 31.7 | 0.69 |
| Adjustment for special tax items(3) | (0.1) | — | (0.3) | (0.01) | (12.4) | (0.28) | (4.8) | (0.11) |
| Net income, excluding special items, non-GAAP | $134.9 | $3.07 | $115.9 | $2.49 | $481.1 | $10.74 | $410.0 | $8.90 |

(1) See footnote (1) to the Consolidated Statements of Comprehensive Income (Unaudited) for additional details on the composition of Other (gains) and charges.

(2) Income tax effect related to special items is based on the statutory tax rate in effect at the end of each period.

(3) Adjustment for special tax items primarily represents excess tax benefits associated with stock-based compensation.

### Reconciliation of Restaurant Operating Margin (in millions, except percentages)

**Q4 26 and Q4 25**

| Line item | Chili’s / Q4 26 | Chili’s / Q4 25 | Maggiano’s / Q4 26 | Maggiano’s / Q4 25 | Brinker / Q4 26 | Brinker / Q4 25 |
| --- | --- | --- | --- | --- | --- | --- |
| Operating income - GAAP | $214.2 | $177.3 | $1.0 | $13.4 | $167.0 | $142.7 |
| Operating income as a % of Total revenues | 15.1% | 13.2% | 0.9% | 11.0% | 10.9% | 9.8% |
| Operating income - GAAP | $214.2 | $177.3 | $1.0 | $13.4 | $167.0 | $142.7 |
| Less: Franchise revenues | (14.4) | (12.8) | (0.2) | (0.2) | (14.6) | (13.0) |
| Plus: Depreciation and amortization | 48.1 | 51.3 | 4.7 | 4.3 | 55.5 | 57.9 |
| General and administrative | 13.6 | 13.7 | 1.7 | 1.8 | 60.4 | 58.8 |
| Other (gains) and charges | 0.4 | 11.9 | 4.4 | (3.0) | 5.1 | 11.8 |
| Restaurant operating margin, non-GAAP | $261.9 | $241.4 | $11.6 | $16.3 | $273.4 | $258.2 |
| Restaurant operating margin as a % of Company sales, non-GAAP | 18.6% | 18.2% | 10.3% | 13.3% | 18.0% | 17.8% |

**FY 26 and FY 25**

| Line item | Chili’s / FY 26 | Chili’s / FY 25 | Maggiano’s / FY 26 | Maggiano’s / FY 25 | Brinker / FY 26 | Brinker / FY 25 |
| --- | --- | --- | --- | --- | --- | --- |
| Operating income, GAAP | $792.6 | $644.0 | $16.5 | $60.1 | $619.9 | $512.0 |
| Operating income as a % of Total revenues | 14.8% | 13.2% | 3.6% | 12.0% | 10.7% | 9.5% |
| Operating income, GAAP | $792.6 | $644.0 | $16.5 | $60.1 | $619.9 | $512.0 |
| Less: Franchise revenues | (55.6) | (48.1) | (0.9) | (0.8) | (56.5) | (48.9) |
| Plus: Depreciation and amortization | 189.9 | 182.5 | 17.8 | 14.6 | 218.7 | 206.6 |
| General and administrative | 54.1 | 50.4 | 6.7 | 9.7 | 235.7 | 222.0 |
| Other (gains) and charges | 0.5 | 23.7 | 5.7 | (1.8) | 8.6 | 41.8 |
| Restaurant operating margin, non-GAAP | $981.5 | $852.5 | $45.8 | $81.8 | $1,026.4 | $933.5 |
| Restaurant operating margin as a % of Company sales, non-GAAP | 18.5% | 17.6% | 10.1% | 16.3% | 17.8% | 17.5% |

Restaurant operating margin is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to operating income as an indicator of financial performance. Restaurant operating margin is widely regarded in the restaurant industry as a useful metric by which to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations. This non-GAAP measure is not indicative of overall Company performance and profitability because this measure does not directly accrue benefit to the shareholders due to the nature of costs excluded.

We define Restaurant operating margin as Company sales less Food and beverage costs, Restaurant labor and Restaurant expenses. We believe this metric provides a more useful comparison between periods and enables investors to focus on the performance of restaurant-level operations by excluding revenues not related to Company-owned restaurants, corporate General and administrative expenses, Depreciation and amortization, and Other (gains) and charges. Restaurant operating margin as presented may not be comparable to other similarly titled measures of other companies in our industry.

### Reconciliation of Adjusted EBITDA (in millions)

Adjusted EBITDA is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to net income as an indicator of financial performance. Brinker believes presenting Adjusted EBITDA provides a useful measure of our operating performance, excluding the impacts of financing costs, capital expenditures and special items. We define Adjusted EBITDA as Net income before Provision for income taxes, Other income, net, Interest expenses, Depreciation and amortization and Other (gains) and charges.

| Line item | Quarter / Q4 26 | Quarter / Q4 25 | Year-to-Date / Q4 26 | Year-to-Date / Q4 25 |
| --- | --- | --- | --- | --- |
| Net income - GAAP | $131.1 | $107.0 | $487.0 | $383.1 |
| Provision for income taxes | 27.4 | 25.2 | 93.9 | 76.9 |
| Other income, net | (0.7) | (0.4) | (1.5) | (1.1) |
| Interest expenses | 9.2 | 10.9 | 40.5 | 53.1 |
| Depreciation and amortization | 55.5 | 57.9 | 218.7 | 206.6 |
| Other (gains) and charges | 5.1 | 11.8 | 8.6 | 41.8 |
| Adjusted EBITDA, non-GAAP | $227.6 | $212.4 | $847.2 | $760.4 |

FOR ADDITIONAL INFORMATION, CONTACT:

KIM SANDERS

INVESTOR RELATIONS

investor.relations@brinker.com

MEDIA RELATIONS

media.requests@brinker.com

(800) 775-7290

3000 OLYMPUS BOULEVARD

DALLAS, TEXAS 75019