MEDIUMBuilt-inGeographic
Texas, Florida and California restaurants
“10-K Item 1A: 'Our Company-owned restaurants are highly concentrated in Texas, Florida and California comprising 19.2%, 11.8% and 9.2% of our restaurants, respectively'”
EAT · Concentration risk · 10-K extracted
Brinker International (EAT) concentration risks
Updated
The most significant concentration Brinker International discloses is Texas, Florida and California restaurants, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Brinker International’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Brinker's disclosed concentration is geographic and structural. Its Company-owned restaurants are concentrated in Texas, Florida and California, comprising 19.2%, 11.8% and 9.2% of its restaurants, respectively. This is a medium-share exposure, in which three states carry a meaningful portion of the restaurant base rather than any single market dominating. The practical risk is regional: weather events such as hurricanes in the Gulf and Florida coasts, state-level wage and labor regulation, and local economic conditions can affect a disproportionate share of units at the same time. Because Texas is the largest of the three, it carries the most weight, while California and Florida add exposure to differing cost and regulatory environments. This is not a counterparty or supply-chain dependency; it reflects where the company chose to build its footprint, and the filing frames it as a concentration risk. Taken on its own, the exposure is well-disclosed and quantifiable, and it implies that results are moderately sensitive to regional shocks, while no disclosed customer, supplier, or product concentration compounds it in these sources.
For the engine’s reasoning on EAT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Restaurants
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BJRI | BJ's Restaurants, Inc. | 1 | 1 | 0 | 2 |
| BLMN | Bloomin' Brands, Inc. | 1 | 0 | 0 | 1 |
| BH | Biglari Holdings Inc. | 0 | 1 | 0 | 1 |
| BH-A | Biglari Holdings Inc. | 0 | 1 | 0 | 1 |
| BROS | Dutch Bros Inc. | 0 | 1 | 0 | 1 |
| EAT● | Brinker International, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.