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Brinker (Chili’s Grill and Bar) Reports Second Quarter Results

Tuesday, 22 Jan 2013 02:45 PM

Chili's 567X424

Brinker International, Inc. (NYSE:EAT) has reported the results of its fiscal 2013 second quarter ended December 26, 2012. GAAP earnings per diluted share increased 13.6% to $0.50, compared with $0.44 for the second quarter of 2012. Adjusted for special items, Brinker’s earnings per diluted share increased 6.4% to $0.50, compared with $0.47 in the second quarter of fiscal year 2012. Company sales increased 1.1 percent to $669.1 million, and restaurant operating margin improved approximately 30 basis points to 15.7 percent from 15.4 percent. For the first six months of fiscal 2013, cash flows provided from operating activities were $131.3 million and capital expenditures totaled $69.8 million.

In the company’s press release, President and Chief Executive Officer Wyman Roberts said: “Brinker continued to take market share again this quarter, as we delivered our eighth consecutive quarter of positive sales growth, despite fewer holiday days in the quarter versus last year.” He continued: “This demonstrates that our strategies designed to strengthen our margins, reinvest in our restaurants, and focus on differentiated food and service initiatives are working, as we continue to track to our goal of doubling EPS.”

About Brinker International (Source: The Company)
Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands. Currently, the Company’s system of Company-owned and franchised restaurants includes 1,593 restaurants located all over the United States and in Bahrain, Brazil, Canada, Dominican Republic, Ecuador, Egypt, El Salvador, Germany, Guatemala, Honduras, India, Indonesia, Japan, Jordan, Kuwait, Lebanon, Malaysia, Mexico, Oman, Peru, Philippines, Portugal, Qatar, Russia, Saudi Arabia, Singapore, South Korea, Syria, Taiwan, United Arab Emirates and Venezuela.

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