DALLAS (AP) — DALLAS (AP) — Brinker International Inc. (EAT) on Wednesday reported fiscal second-quarter profit of $128.5 million.
The Dallas-based company said it had net income of $2.86 per share. Earnings, adjusted for non-recurring costs, were $2.87 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.
The operator of restaurant chains Chili’s Grill & Bar and Maggiano’s Little Italy posted revenue of $1.45 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.4 billion.
Brinker International expects full-year earnings in the range of $10.45 to $10.85 per share, with revenue in the range of $5.76 billion to $5.83 billion.
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