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
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