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
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade EAT now with 
Follow RTT