logo
Plus   Neg
Share
Email

Brinker Int'l Q3 Profit Rises - Quick Facts

Brinker International Inc. (EAT) reported that its third-quarter net income increased to $44.93 million or $0.56 per share, from $40.25 million or $0.45 per share in the same quarter last year.

Earnings per share, excluding special items, increased 27.7 percent to $0.60 compared to $0.47 for the third quarter of fiscal 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $742.05 million from $717.12 million in the prior year quarter. Fifteen analysts had consensus revenue estimate of $729.78 million for the quarter.

Chili's comparable restaurant sales increased 4.6 percent, and customer traffic increased 1.8 percent. Maggiano's comparable restaurant sales increased 3.9 percent, and customer traffic increased by 1.5 percent.

"We also continue to improve the middle of the P&L, further strengthening our business model. These factors combined with returning value to shareholders through share repurchases make us confident we'll deliver on our promise to double EPS by 2015 to $2.75 to $2.80," said Doug Brooks, President and Chief Executive Officer.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to further inflame global trade tensions, President Donald Trump has threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union. Trump claimed he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S. The Federal Reserve has determined that the largest U.S. banks are strongly capitalized and would be able to lend to banks as well as households during a severe global economic recession. This is the fourth straight year that all banks have met the Federal Reserve's standards. The first round of results of the supervisory stress tests were released by the central bank on Thursday. The "safety" driver behind the wheel of a self-driving Uber was streaming a television show on her smartphone up until about the time of a fatal crash in March, according to a report from the Tempe Police Department. Uber's self-driving Volvo SUV, which was traveling at under 44 miles per hour, had struck and killed a pedestrian in Arizona on March 18.
Follow RTT