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Investing.com -- Brinker International reported fourth quarter adjusted earnings per share of $2.49, surpassing the average analyst estimate of $2.46 and showing significant growth from $1.61 in the same period last year.
The restaurant operator posted revenue of $1.46 billion for the quarter, representing a 21% increase year-over-year and exceeding the Bloomberg Consensus estimate of $1.44 billion.
Operating income came in at $142.7 million, falling short of the estimated $147.8 million. However, the company’s restaurant operating margin (non-GAAP) improved to 17.8% from 15.2% in the same quarter last year, slightly above the 17.7% estimate.
Kevin Hochman, President and CEO of Brinker International, highlighted the performance of the company’s Chili’s brand, stating, "Chili’s delivered another strong quarter with sales +24% driven by traffic of +16%. We now have delivered a Q4 2 year sales growth of +39% and 3-year of +45%."
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