Brinker 2Q profit rises 6.9%

Brinker International Inc. reported Wednesday a 6.9-percent increase in profit for the second quarter ended Dec. 25.

The casual-dining operator’s net income rose to $39.7 million, or 58 cents per share, from $37.2 million, or 50 cents per share, in the prior-year period. Revenue increased 2.1 percent in the quarter, to $704.4 million from $689.8 million last year.

Same-store sales at company-owned restaurants rose 0.8 percent.

Dallas-based Brinker owns and franchises 1,557 Chili’s Grill & Bar restaurants and 45 Maggiano’s Little Italy units.

NET INCOME

Result: $39.7 million, or 58 cents per share
% Increase: 6.9% (from $37.2 million, or 50 cents per share)

REVENUE

Result: $704.4 million
% Increase: 2.1% (from $689.8 million)

SAME-STORE SALES

% Increase at Chili's domestic company-owned units: 0.7%

% Decrease at Chili's franchised units: 0.7%

% Increase at Chili's international franchised units: 1.4%

% Increase at Maggiano's units: 0.9%

Source: Company report

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

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