Brinker International: Fiscal 1Q Earnings Snapshot
DALLAS (AP) _ Brinker International Inc. (EAT) on Wednesday reported fiscal first-quarter net income of $14.9 million.
The Dallas-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring costs, were 41 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 41 cents per share.
The operator of restaurant chains Chili’s Grill & Bar and Maggiano’s Little Italy posted revenue of $786 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $787.8 million.
Brinker International shares have risen 2.5% since the beginning of the year. The stock has increased slightly more than 3% in the last 12 months.