Brinker International (NYSE: EAT ) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 26 (Q1), Brinker International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share grew significantly.
Margins grew across the board.
Brinker International reported revenue of $683.5 million. The 12 analysts polled by S&P Capital IQ predicted sales of $682.7 million on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $668.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.37. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS of $0.36 for Q1 were 29% higher than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.1%, 130 basis points better than the prior-year quarter. Operating margin was 6.8%, 60 basis points better than the prior-year quarter. Net margin was 4.1%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $697.1 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $2.89 billion. The average EPS estimate is $2.36.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brinker International is outperform, with an average price target of $35.62.
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