Brinker International (EAT) After S&P Outlook Shift: Balance Sheet Story or Menu-Driven Turnaround?

S&P Global Ratings previously revised its outlook on Brinker International to positive from stable, affirming a BB+ issuer credit rating and citing strong traffic growth, reduced debt, and above-industry operational performance. At the same time, Chili's product innovation, such as the Chicken Parm Big Crispy sandwich following very large growth in chicken sandwich orders, underscores how menu refreshes are supporting Brinker's operating momentum that S&P highlighted. We’ll now examine how...