Brinker International: Reports Increase in Q1/2012 EPS

Dallas / TX. (bi) Brinker International Inc. announced results for the fiscal first quarter ended September 28, 2011. Highlights for the first quarter of fiscal 2012 include the following:

  • Earnings per diluted share, before special items, increased to 0,30 USD compared to 0,21 USD for the first quarter of fiscal 2011
  • On a GAAP basis, earnings per diluted share increased to 0,28 USD from 0,21 USD in the first quarter of the prior year
  • Total revenues increased 2,1 percent to 668,4 million USD
  • Restaurant operating margin improved 80 basis points to 15,8 percent compared to the first quarter of fiscal 2011
  • Chili´s customer traffic increased by 1,9 percent and comparable restaurant sales increased 1,7 percent
  • Chili´s customer traffic and comparable restaurant sales have increased for eight consecutive periods
  • Maggiano´s customer traffic increased by 2,1 percent, representing the eighth consecutive quarterly increase and comparable restaurant sales increased 3,5 percent, representing the seventh consecutive quarterly increase
  • Cash flows provided by operating activities were 30,9 million USD and capital expenditures totalled 27,7 million USD
  • The company repurchased approximately 3,2 million shares of its common stock for 75,0 million USD in the first quarter
  • The company paid a dividend of 14 cents per share

«As evidenced in Brinker´s first quarter results, guests are responding positively to our core value strategies, as we achieved our third consecutive quarter of positive sales and traffic growth. This upward trend, coupled with our continued margin improvements, resulted in profitable growth for Brinker and is keeping us on track to double EPS by 2015», said Doug Brooks, President and Chief Executive Officer.

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