UPDATE: Brinker International (EAT) Tops Q4 EPS by 49c, Revenues Miss; Offers 1Q EPS Guidance Above Consensus

Brinker International (NYSE: EAT) reported Q4 EPS of ($0.88), $0.55 better than the analyst estimate of ($1.37). Revenue for the quarter came in at $563.2 million versus the consensus estimate of $571.05 million.

"Our continued strategic focus on value, off-premise, digital and scale is allowing us to successfully navigate through the pandemic," said Wyman Roberts, Chief Executive Officer and President of Brinker International. "Leaning into these existing strategies with a clear focus and continually prioritizing the safety of our Team Members and Guests has allowed us to accelerate our performance and deliver industry leading results."

GUIDANCE:

Brinker International sees Q1 2021 EPS of ($0.40)-($0.25), versus the consensus of ($0.60).

• Adjusted net loss per diluted share is expected to be in the range of $0.40 to $0.25
• Comparable restaurant sales are expected to be down low to mid-teens
• Operating cash flow is expected to be positive
• Weighted average diluted shares is expected to be 45.0 million to 46.0 million

Fiscal 2021 is a 53-week year, and includes an extra operating week in the fourth quarter.

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

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