Brinker International shares moved higher after Jim Cramer expressed optimism about the company. The stock closed 14.5% higher on April 29 following its fiscal third-quarter earnings report, which showed revenue of $1.47 billion meeting estimates and adjusted earnings of $2.90 per share beating the $2.87 consensus. Cramer praised CEO Kevin Hochman's management, noting the company has cattle prices under control and highlighting its $10 meal offering. On the earnings call, management acknowledged ongoing beef price pressure but pointed to a varied menu that includes chicken, expecting mid-single-digit commodity inflation to persist into fiscal 2027.
Brinker International IncEarnings beat and Cramer's optimistic comments drove shares up 14.5%.