Brinker International (EAT) Tops Q3 EPS by 5c

Brinker International (NYSE: EAT) reported Q3 EPS of $1.08, $0.05 better than the analyst estimate of $1.03. Revenue for the quarter came in at $812.5 million versus the consensus estimate of $807.17 million.

• Chili's company-owned comparable restaurant sales decreased 0.4 percent in the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017. Chili\'s U.S. franchise comparable restaurant sales decreased 3.2 percent in the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017
• Chili's international franchise comparable restaurant sales decreased 0.2 percent in the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017
• Maggiano's comparable restaurant sales increased 0.5 percent in the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017

Fiscal 2018 Outlook Update

Revenues for fiscal 2018 are now estimated to be flat to down 0.5 percent compared to fiscal 2017. Comparable restaurant sales for fiscal 2018 are estimated to be down 0.5 percent to down 1.0 percent. In addition, restaurant operating margin is now estimated to be down approximately 65-75 basis points on a year-over-year basis.

For earnings history and earnings-related data on Brinker International (EAT) click here.

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