Brinker International Inc. (EAT) reported an increase in its third-quarter net income to $51.95 million, or $0.71 per share, from the prior year's $44.93 million, or $0.56 per share. Excluding special items, quarterly earnings stood at $52.9 million, or $0.72 per share in the quarter. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.69 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the latest period remained almost flat at $742.76 million. Analysts estimated revenues of $741.61 million for the quarter.
CHILI'S third-quarter company sales of $632.6 million represent a 0.7 percent decrease from $637.0 million in the prior-year period, driven by traffic declines, while MAGGIANO'S third quarter company sales of $92.1 million rose 0.2 percent chiefly driven by menu pricing.
Brinker provides annual guidance as it relates to comparable restaurant sales, earnings per share, and other key line items in the income statement and would only provide updates if there is a material change versus the original forecast.
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