Brinker International's stock surged 5.45% during pre-market trading on Wednesday, following the release of the company's better-than-expected fiscal third-quarter results and an upward revision to its full-year outlook.

The restaurant operator reported adjusted earnings per share of $2.90 for the quarter, exceeding the analyst consensus estimate of $2.87. Total revenue came in at $1.47 billion, approximately in line with expectations. Comparable restaurant sales increased by 3.3%, driven by a 4.0% gain at its Chili's chain, which marked its 20th consecutive quarter of same-store sales growth.

Adding to the positive sentiment, Brinker raised its fiscal 2026 adjusted EPS guidance to a range of $10.60 to $10.85, up from its prior forecast of $10.45 to $10.85. The company also updated its revenue outlook for the year. Furthermore, Brinker repurchased $108 million worth of its shares during the quarter, signaling confidence in its financial position.