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Brinker International (NYSE:EAT) is scheduled to announce its Q4 earnings on August 14, 2024, with expectations of earnings per share at $1.65 and revenue of $1.16 billion. The company's stock has seen a rise of 2.7%, reaching $68.44, ahead of the earnings release. The August 67 straddle is priced for an 11% move, indicating market anticipation for volatility. Additionally, Brinker reported a significant increase in sales, with Q4 sales reaching $1,196.5 million, compared to $1,064.8 million in the same quarter the previous year. Despite this positive sales performance, the stock experienced a pre-market drop of 13.9% following the earnings announcement.
$EAT The earnings mix notwithstanding, a 14.8% SSS jump in a negative casual diner market is beyond belief. But it happened with new product new news. RT: Acting like a fast-food chain gives Chili's a 14.8% sales bump https://t.co/qHy0Z0EX6t
$EAT (-13.9% pre) Brinker International (NYSE:EAT) Surprises With Q2 Sales But Stock Drops 11.1% https://t.co/XsXwJtXShG
$EAT Earnings: - Company sales were $1,196.5 million in the fourth quarter of fiscal 2024 compared to $1,064.8 million in the fourth quarter of fiscal 2023. - Diluted net income per share was $1.24 in the fourth quarter of fiscal 2024, compared to $1.19 in the fourth quarter of… https://t.co/2NVN4WOciJ