Brinker International, Inc. (NYSE:EAT) Q1 2025 Earnings Conference Call October 30, 2024 9:00 AM ET
Company Participants
Kim Sanders – Vice President of Investor Relations
Kevin Hochman – President and Chief Executive Officer
Mika Ware – Chief Financial Officer
Conference Call Participants
Jeff Farmer – Gordon Haskett
Chris O’Cull – Stifel
Dennis Geiger – UBS
David Palmer – Evercore ISI
Brian Vaccaro – Raymond James
Jeffrey Bernstein – Barclays
Andrew Strelzik – BMO
John Ivankoe – JP Morgan
Alex Slagle – Jefferies
Katherine Griffin – Bank of America
Eric Gonzalez – KeyBanc
Jim Sanderson – Northcoast Research
Operator
Good day, and welcome to Brinker’s First Quarter Fiscal Year 2025 Earnings Call. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions and comments following the presentation.
It is now my pleasure to turn the floor over to your host, Kim Sanders, Vice President of Investor Relations. Ma’am, the floor is yours.
Kim Sanders
Thank you, Holly, and good morning, everyone, and thank you for joining us on today’s call. Here with me today are Kevin Hochman, President and Chief Executive Officer; and Mika Ware, Chief Financial Officer.
Results for our first quarter were released earlier this morning and are available on our website at brinker.com. As usual, Kevin and Mika will first make prepared comments related to our strategic initiatives and operating performance. Then we will open the call for your questions.
Before beginning our comments, I would like to remind everyone of our Safe Harbor regarding forward-looking statements. During our call, management may discuss certain items, which are not based entirely on historical facts. Any such items should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
All such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include factors more completely described in this morning’s press release and the company’s filings with the SEC.
And of course, on the call, we may refer to certain non-GAAP financial measures that management uses in its review of the business and believes will provide insight into the company’s ongoing operations.
And with that said, I will turn the call over to Kevin.
Kevin Hochman
Good morning, everyone. Thank you for joining us as we share insights from our first quarter and our outlook on the remainder of fiscal 2025. We are off to a strong start in Q1 with Chili’s delivering 14% sales growth on a 6.5% traffic increase. We also continue to see meaningful progress on our four-wall economics on both brands with Brinker year-over-year restaurant operating margin improvement of 310 basis points.