Dallas / TX. (bi) Brinker International Inc., a recognized leader in casual dining, announced results for the fiscal first quarter ended September 25, 2013. Highlights include the following:
- Earnings per diluted share, excluding special items, increased 16,2 percent to 0,43 USD compared to 0,37 USD for the first quarter of fiscal 2013.
- On a GAAP basis, earnings per diluted share increased 16,7 percent to 0,42 USD compared to 0,36 USD for the first quarter of fiscal 2013
- Brinker´s operating income, excluding special items as a percentage of total revenues improved 40 basis points from 6,9 percent to 7,3 percent driven by reduced general and administrative expenses in addition to improved restaurant operating margin
- Chili´s domestic comparable restaurant sales decreased 1,9 percent for the first quarter consisting of a 1,6 percent decrease for company-owned restaurants and a 2,6 percent decrease for franchised restaurants. Chili´s international franchise comparable restaurant sales increased 2,7 percent
- Maggiano´s comparable restaurant sales increased 0,6 percent, representing the 15th consecutive quarterly increase
- For the first three months of fiscal 2014, cash flows provided by operating activities were 55,4 million USD and capital expenditures totaled 29,8 million USD
- The company repurchased approximately 1,6 million shares of its common stock for 66,3 million USD in the first quarter
- The company paid a dividend of 20 cents per share in the first quarter, an increase of 25 percent over the prior year first quarter
«Our ability to continue to deliver double-digit earnings growth, even in a softer sales environment, is a testament to the strength of Brinker´s long-term strategy», said Wyman Roberts, Chief Executive Officer and President.
