Skip navigation
Brinker 3Q profit rises 16.3%

Brinker 3Q profit rises 16.3%

Chili’s Grill & Bar reports 2.2-percent same-store sales increase in U.S.

Brinker International Inc. reported Tuesday a 16.3-percent increase in net income before special items during the third quarter ended March 25.

Dallas-based Brinker reported a profit of $65.4 million, or $1.02 a share, an increase from $56.3 million, or 82 cents a share, the previous year. Earnings excluding special items were 94 cents a share, rising from 84 cents in the same period a year before. Revenue increased 3.3 percent, to $784.2 million, from $759.3 million the previous year.

Combined domestic company and franchised Chili’s Grill & Bar restaurants saw a 2.2-percent increase in same-store sales, and Maggiano’s Little Italy same-store sales were essentially flat, rising 0.1 percent.

Brinker owns and franchises 1,629 restaurants, including 1,580 Chili’s locations and 49 Maggiano’s units.

3Q NET INCOME

Result: $65.4 million, $1.02 per share
% Increase: 16.3% (from $56.3 million, or 82 cents per share)

3Q REVENUE

Result: $784.2 million
% Increase: 3.3% (from $759.3 million)

3Q SAME-STORE SALES

% Increase systemwide: 2%


% Increase corporate Chili's: 1.9%


% Increase franchised Chili's: 2.5%


% Increase Maggiano's systemwide: 0.1%


Source: Company report

RELATED:
Brinker 2Q profit rises 3.9%
Brinker names Thomas Edwards CFO
More restaurant finance news

Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish