Every material Form 8-K Brinker International filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Brinker's board approved performance share awards under a new Fiscal 2025 Executive Performance Share Retention Plan for three executives, with target values of $20 million for CEO Kevin Hochman, $3 million for Aaron White and $2 million for George Felix. At the November 6, 2024 annual meeting, shareholders re-elected all ten director nominees and approved the auditor ratification, the executive compensation proposal and a new 2024 Stock Option & Incentive Plan.
Target awards: Kevin Hochman (CEO and President) $20,000,000; Aaron White (Chief People Officer) $3,000,000; George Felix (Chief Marketing Officer) $2,000,000
Awards pay out from 0% to 200% of target based on five-year total shareholder return from September 26, 2024 through September 25, 2029, relative to the S&P 1500 Hotels, Restaurants and Leisure Index; target requires the 60th percentile
Executives must remain employed through September 25, 2029 to earn any performance shares
Shareholders approved KPMG LLP as Independent Auditors for Fiscal 2025 (39,660,145 for, 856,718 against) and the 2024 Stock Option & Incentive Plan (36,637,438 for, 779,256 against)
Brinker International reported first-quarter fiscal 2025 total revenues of $1,139.0 million, up from $1,012.5 million a year earlier, and net income of $38.5 million, up from $7.2 million. The company raised its full-year fiscal 2025 total revenue guidance to $4.70 billion to $4.75 billion and its EPS guidance excluding special items to $5.20 to $5.50, which signals stronger expected results for shareholders.
Total revenues were $1,139.0 million versus $1,012.5 million; comparable restaurant sales rose 13.0%, with Chili's up 14.1%.
Diluted EPS was $0.84 versus $0.16; EPS excluding special items was $0.95 versus $0.28.
Fiscal 2025 total revenue guidance was raised to $4.70 billion to $4.75 billion.
Fiscal 2025 EPS guidance excluding special items was updated to $5.20 to $5.50; weighted average shares and capital expenditure guidance were reiterated.
Brinker International reported fourth-quarter fiscal 2024 results on August 14, 2024, with company sales of $1,196.5 million, up from $1,064.8 million a year earlier, and comparable restaurant sales up 13.5%. The company also issued fiscal 2025 guidance, including non-GAAP diluted net income per share of $4.35 to $4.75, compared with $4.10 for fiscal 2024.
Q4 fiscal 2024 diluted net income per share was $1.24, versus $1.19 a year earlier; excluding special items, it was $1.61, versus $1.39.
Q4 operating income was $73.1 million, versus $59.3 million; Chili's comparable restaurant sales rose 14.8%.
Fiscal 2025 guidance: total revenues of $4.55 billion to $4.62 billion, compared with $4.415 billion in fiscal 2024; capital expenditures of $195 million to $215 million.
The company ended fiscal 2024 with no borrowings on its $900.0 million revolving credit facility and $64.6 million of cash.
Brinker International, Inc. (NYSE: EAT) appointed Frank Liberio to its Board of Directors effective July 1, 2024, as disclosed in a July 8, 2024 filing. Liberio has not yet been assigned to any board committee, and the filing reports no financial results or changes to guidance.
Frank Liberio appointed to Brinker's Board of Directors on July 1, 2024
Liberio previously served as executive vice president and global chief information officer at Restaurant Brands International
Before RBI, he spent more than 16 years at McDonald's Corporation, most recently as senior vice president and global chief information officer
As of the filing date, Liberio has not been assigned to any Board committees
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Brinker International filing is on SEC EDGAR ↗. 8-K briefs of other companies →