The following is a summary of the Brinker International, Inc. (EAT) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Brinker International reported Q3 revenues of $1.120 billion with consolidated comp sales of positive 3.3%.

• Adjusted diluted EPS for the quarter was $1.24.

• Both their brands, Chili's and Maggiano's, reported top line sales growth.

• Labor expense as a percent of company sales was favorable, offsetting wage rate inflation of 3.7%.

• Third quarter EBITDA was $122 million, a 31% year-to-date increase.

• The company anticipates annual total revenues to fall between $4.330 billion and $4.350 billion.

Business Progress:

• Brinker International launched a new burger and simplified menu offerings to improve efficiencies and customer satisfaction.

• They opened two new restaurants with sales above the Chili's brand average.

• The company plans to further improve customer experience and menu offerings in FY '25, specifically in dining room operations.

• Measures to simplify operations have resulted in lower staff turnover and higher customer satisfaction.

• Future product improvements are planned, focusing on their fajita line to be implemented by Q2 of 2025.

• The company is expecting the launch of their virtual brand to act as a headwind through Q4.

More details: Brinker International IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.