Brinker International — Oct 30, 2024 release

Financial results for the first quarter of fiscal 2025 and fiscal 2024 were as follows: First Quarter 2025 2024 Variance Company sales $ 1,127.3  $ 1,002.0  $ 125.3  Total revenues $ 1,139.0  $ 1,012.5  $ 126.5  Operating income $ 56.4  $ 24.2  $ 32.2  Operating income as a % of Total revenues 5.0  % 2.4  % 2.6  % Restaurant operating margin, non-GAAP (1) $ 151.7  $ 104.3  $ 47.4  Restaurant operating margin as a % of Company sales, non-GAAP (1) 13.5  % 10.4  % 3.1  % Net income $ 38.5  $ 7.2  $ 31.3  Adjusted EBITDA, non-GAAP (1) $ 111.6  $ 72.4  $ 39.2  Net income per diluted share $ 0.84  $ 0.16  $ 0.68  Net income per diluted share, excluding special items, non-GAAP (1) $ 0.95  $ 0.28  $ 0.67  1 Comparable Restaurant Sales (2) Q1:25 vs 24 Brinker 13.0  % Chili’s 14.1  % Maggiano’s 4.2  % (1) See Non-GAAP Information and Reconciliations section below for more details. (2) Comparable Restaurant Sales include restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed for 14 days or more are excluded from comparable restaurant sales. Percentage amounts are calculated based on the comparable periods year-over-year. Updates to Full Year Fiscal 2025 Guidance We are providing the following updated guidance for fiscal 2025 based on our current outlook: • Total revenues are expected to be in the range of $4.70 billion - $4.75 billion; and • Net income per diluted share, excluding special items, non-GAAP, is expected to be in the range of $5.20 - $5.50. We are reiterating the following full year fiscal 2025 guidance: • Weighted average shares are expected to be in the range of 45 million - 47 million; and • Capital expenditures are expected to be in the range of $195 million - $215 million. The potential for changes in macroeconomic conditions, among other risks, could cause actual results to differ materially from those projected. We are unable to reliably forecast special items without unreasonable effort. As s