Brinker International: Fiscal 3Q Earnings Snapshot

Associated Press - Posted 1 year ago

DALLAS (AP) _ Brinker International Inc. (EAT) on Tuesday reported fiscal third-quarter profit of $49.8 million.

On a per-share basis, the Dallas-based company said it had net income of $1.31. Earnings, adjusted for non-recurring gains, were $1.26 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy posted revenue of $839.3 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $833.4 million.

Brinker International shares have decreased roughly 1% since the beginning of the year. The stock has fallen 2% in the last 12 months.


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