The 10-second takeaway
For the quarter ended Dec. 26 (Q2), Brinker International met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew.
Margins expanded across the board.
Brinker International booked revenue of $689.8 million. The 17 analysts polled by S&P Capital IQ wanted to see a top line of $693.2 million on the same basis. GAAP reported sales were 1.2% higher than the prior-year quarter's $681.9 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 $0.50. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS of $0.50 for Q2 were 14% higher than the prior-year quarter's $0.44 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 18.2%, 30 basis points better than the prior-year quarter. Operating margin was 8.9%, 50 basis points better than the prior-year quarter. Net margin was 5.4%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $757.8 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $2.88 billion. The average EPS estimate is $2.32.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brinker International is outperform, with an average price target of $35.56.
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