logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Women's specialty-clothing retailer J. Jill Inc. said it has launched an initial public offering of 11.67 million shares of its common stock. All shares are being sold by an existing stockholder and J. Jill will not receive any proceeds from the offering. Long queues at peak dining hours at Wendy's may be a history, as the company is planning to introduce automated self ordering kiosks at its more than 1000 retail locations by this year end. The automation will also help in cutting labor costs. Canadian music retail chain Sunrise Records said it plans to take over 70 retail spaces in Canada being vacated by HMV Canada, the industry's largest retailer. The new brick and mortar locations are in malls across Canada. However, Sunrise's expansion comes as people are increasingly shifting to streaming options for music and videos rather than buying tangible, touchable albums.
comments powered by Disqus
Follow RTT