Brinker International: Reports Increases In Q1/2015 EPS

Dallas / TX. (bi) Brinker International Inc., a recognized leader in casual dining, announced results for the fiscal first quarter ended September 24, 2014. Highlights include the following:

  • Earnings per diluted share, excluding special items, increased 16.3 percent to 0.50 USD compared to 0.43 USD for the first quarter of fiscal 2014
  • On a GAAP basis, earnings per diluted share increased 16.7 percent to 0.49 USD compared to 0.42 USD for the first quarter of fiscal 2014
  • Brinker International company sales increased 3.4 percent to 686.9 million USD and comparable restaurant sales at company-owned restaurants increased 2.4 percent
  • Chili´s company-owned comparable restaurant sales increased 2.6 percent and traffic increased 0.1 percent
  • Maggiano´s comparable restaurant sales increased 0.6 percent, representing the 19th consecutive quarterly increase and traffic increased 0.9 percent
  • Chili´s franchise comparable restaurant sales increase of 1.0 percent includes a 1.7 percent increase for U.S. franchise restaurants, partially offset by a 0.5 percent decrease for international franchise restaurants
  • Brinker´s operating income, excluding special items,1 as a percentage of total revenues improved 50 basis points from 7.3 percent to 7.8 percent
  • For the first three months of fiscal 2015, cash flows provided by operating activities were 70.9 million USD and capital expenditures totalled 40.2 million USD
  • The company repurchased approximately 1.1 million shares of its common stock for 53.3 million USD in the first quarter
  • The company paid a dividend of 24 cents per share in the first quarter, an increase of 20 percent over the prior year first quarter, and declared a dividend of 28 cents per share to be paid in the second quarter

«Brinker delivered positive comp sales and traffic during the quarter and we continue to take market share», said Wyman Roberts, Chief Executive Officer and President. «The key to our successful results is our ability to drive relevance and differentiation while maintaining a strong business model».

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