Brinker International's stock surged 12.54% during intraday 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 analyst expectations. The company's net income rose 7.4% to $127.9 million, while total revenue increased 3.2% to $1.47 billion. The strong performance was driven by its Chili's chain, which delivered its 20th consecutive quarter of same-store sales growth with a 4.0% increase, continuing to attract customers seeking value.

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. The company also updated its revenue outlook for the year and repurchased $108 million worth of its shares during the quarter, signaling confidence in its financial position.