Brinker International Inc. - S&P Global Ratings’ Credit Research

Brinker International Inc.

Brinker International Inc. - S&P Global Ratings’ Credit Research
Brinker International Inc.
Published Aug 19, 2019
18 pages (4301 words) — Published Aug 19, 2019
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The company's efforts to simplify its menu, execute effective promotions, and invest in food quality have resulted in five consecutive quarters of positive comparable store sales growth, including traffic trends that have outpaced the casual dining industry. We expect Chili's recently announced partnership with DoorDash will support sales growth in 2020 as it will extend the company's customer reach and supplement its well-developed curbside business. We expect adjusted leverage will be maintained in the high-3x area over the next 12 months. Brinker generates consistent cash flow and has used it to pay down revolver borrowings in recent quarters to keep leverage below 4x, consistent with its track record of effectively managing leverage to within a tight range of its target.

  
Brief Excerpt:

...The company's efforts to simplify its menu, execute effective promotions, and invest in food quality have resulted in five consecutive quarters of positive comparable store sales growth, including traffic trends that have outpaced the casual dining industry. We expect Chili's recently announced partnership with DoorDash will support sales growth in 2020 as it will extend the company's customer reach and supplement its well-developed curbside business....

  
Report Type:

Full Report

Ticker
EAT
Issuer
GICS
Restaurants (25301040)
Sector
Global Issuers, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Brinker International Inc." Aug 19, 2019. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Brinker-International-Inc-2284987>
  
APA:
S&P Global Ratings’ Credit Research. (). Brinker International Inc. Aug 19, 2019. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Brinker-International-Inc-2284987>
  
US$ 500.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.