Earnings Report: Brinker International Surpasses Expectations
Brinker International Inc. (EAT) reported a strong fiscal second quarter, driven by revenue and earnings that exceeded Wall Street estimates.
Key Highlights:
* Net income: $118.5 million, a 1.84% increase
* Earnings per share (EPS): $2.61 GAAP, $2.80 adjusted
* Revenue: $1.36 billion, surpassing expectations
* Full-year guidance: Earnings in the range of $7.50 to $8.00 per share, revenue between $5.15 billion and $5.25 billion
The company's positive results were fueled by strong performance at its restaurant chains, Chili's Grill & Bar and Maggiano's Little Italy.