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How 23 restaurant companies performed in their most recent quarters

As sales show signs of improvement, the industry turns to its next crisis: Labor More than one year into the COVID-19 pandemic, the restaurants are finally starting to see some glimmers of hope. According to Black Box Intelligence, the industry saw stronger two-year sales for the second consecutive month in April, with same-store sales growth of 6.8% on a two-year basis. That made April the best month for restaurants based on sales growth in over three years. Restaurant companies’ earnings are beginning to reflect the same improvement. Most recent completed earnings periods included at least the last two weeks of March, leading to huge same-store-sales growth over the same period a year ago, when the country was on lockdown and restaurants were all but closed completely. Many companies also reported two-year growth, showing improvement over pre-pandemic 2019.

Brinker International (EAT) Q3 2021 Earnings Call Transcript

Operator Good day, ladies and gentlemen, and welcome to the Brinker International s third-quarter F 21 earnings call. [Operator instructions] It is now my pleasure to turn the floor over to your host, Mika Ware, VP of finance and investor relations. Mika, the floor is yours. Mika Ware Vice President of Finance and Investor Relations Thank you, Paul, and good morning, everyone. With me on today s call are Wyman Roberts, chief executive officer and president; and Joe Taylor, our chief financial officer. Results for the quarter were released earlier this morning and are available on our website at brinker.com. Wyman and Joe will first make prepared comments related to our operating performance and strategic initiatives, then we will open the call for your questions.

Brinker International Reports Third Quarter Of Fiscal 2021 Results And Provides Fourth Quarter Of Fiscal 2021 Outlook

Brinker International Reports Third Quarter Of Fiscal 2021 Results And Provides Fourth Quarter Of Fiscal 2021 Outlook News provided by Share this article Share this article DALLAS, April 28, 2021 /PRNewswire/ Brinker International, Inc. (NYSE: EAT) today announced results for the third quarter of fiscal 2021 ended March 24, 2021, and provided a financial update for the fourth quarter of fiscal 2021. I am very pleased with the ongoing growth of our business as our guests are able to return in greater numbers to Chili s and Maggiano s dining rooms, said Wyman Roberts, CEO and President. This reopening trend, supported by investment in our digital platforms and virtual brands, now has us meaningfully outperforming our F19 sales and traffic results.

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