Sustained Same‑Store Sales Growth
20th consecutive quarter of same‑store sales growth; consolidated comparable restaurant sales +3.3% in Q3 and Chili's same‑store sales +4.0% for the quarter. Chili's achieved mid‑single‑digit comps in February and March (5.9% each) and started April with continued mid‑single‑digit sales and positive traffic.
Strong Top‑Line and EPS Performance
Total revenues of $1.47 billion in Q3, up 3.2% year‑over‑year; adjusted diluted EPS $2.90 versus $2.66 a year ago; adjusted EBITDA of $223.7 million, up 1.4% year‑over‑year.
Powerful Market Outperformance
Chili's outperformed the casual dining industry by ~420 basis points in Q3, with outperformance accelerating into April to ~560 basis points vs. the industry.
Major Brand Recognition and Momentum
Chili's named Ad Age Brand of the Year for the second straight year; ranked #2 casual dining brand for sales and #1 casual dining traffic brand on the top 500 list for 2025.
Highly Promising Chicken Sandwich Launch
New chicken sandwich platform launched April 14; platform is selling 161% more sandwiches vs. prelaunch in first two weeks and significantly outpaced in‑market tests. Internal tests showed the Big Crispy filet was >80% bigger than leading fast‑food premium chicken sandwich filet.
Guest Experience Improvements
Operational metrics improved: Guests With A Problem (GWAP) declined to 1.9%, food grade at 75%, and intent to return reached an all‑time best of 79%, supporting confidence in durable traffic gains and cohort retention.
Capital Allocation and Balance Sheet Actions
Repurchased $108 million of common stock in Q3; plan to call $350 million 8.25% bonds early in fiscal 2027 to save interest expense; maintained strong free cash flow to support investments and shareholder returns.
Reimage and Growth Roadmap
Completed first four Chili's reimages with positive early sales lifts; plan to complete another 8–10 reimages this fiscal year and 60–80 in fiscal 2027, targeting a 10% annual reimage cadence beginning in 2028. Expect average annual unit volumes to approach $5.0M for the year.