Chili's Is Winning on Value, Yet Its Parent Company's Stock Still Looks Cheap

2026-03-07 14:25:00 ET

Chili's is the main brand inside Brinker International (NYSE: EAT) , and management has turned it into one of casual dining's strongest operators. More than 90% of Chili's restaurants in the U.S. are company-owned, which means management controls everything from menu changes to kitchen upgrades.

Before the turnaround, the average Chili's generated around $370,000 in restaurant-level profit. At the end of fiscal 2025, that figure stood at $790,000. Despite the underlying progress, the stock still trades at a below-market multiple.

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