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January 22, 2013
10:13 EDTEATBrinker says sees FY13 commodity inflation about 2%
Sees inflation increasing throughout the year.
News For EAT From The Last 14 Days
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April 24, 2014
10:00 EDTEATOn The Fly: Analyst Upgrade Summary
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07:46 EDTEATBrinker upgraded to Buy from Hold at Miller Tabak
April 23, 2014
10:26 EDTEATBrinker says 46% of commodities contracted through end of CY14
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10:14 EDTEATBrinker says on track to double FY12 EPS by FY17
Says on track to add 10-12 new Chilli's restaurants per year. Says feels good about future of all three businesses. Comments made on the Q3 earnings conference call.
07:48 EDTEATBrinker reports Q3 Chili's sales $645.8M; Q3 Maggiano's sales $93.4M
Reports Q3 Franchise and Other sales $19.2M
07:47 EDTEATBrinker reports Q3 comparable restaurant sales up 0.7%
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07:47 EDTEATBrinker reports Q3 adjusted EPS 84c, consensus 83c
Reports Q3 revenue $758.41M, consensus $766.27M
April 22, 2014
13:11 EDTEATEarnings Preview: Brinker still sees FY14 EPS $2.65-$2.75
Brinker International (EAT) is scheduled to report third quarter results before the market open on Wednesday, April 23, with a conference call scheduled for 10:00 am ET. Brinker owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. EXPECTATIONS: Analysts are looking for earnings per share of 83c on revenue of $766.27M, according to First Call. The consensus range for EPS is 80c-86c on revenue of $755.5M-$774.69M. LAST QUARTER: Brinker reported second quarter adjusted EPS of 59c against estimates for 58c on revenue of $704.4M against estimates for $699.23M. Q2 comparable restaurant sales at company-owned restaurants increased 0.8%. During its Q2 earnings call, Brinker said it was "optimistic" about the second half of 2014. The company said it expected the rate of commodity inflation to remain flat through calendar year 2014 and says 75% of commodities are contracted through end of fiscal year 2014. NEWS: At March's Bank of America Merrill Lynch Consumer & Retail Conference, Brinker reaffirmed its FY14 EPS view of $2.65-$2.75 against estimates for $2.73. The company previously reiterated its goal of doubling fiscal year 2010 EPS to $2.75-$2.80 by fiscal year 2015. At the Raymond James Institutional Investors Conference, Brinker said it was on pace to achieve its long-term goal of improving operating income margin by 400 basis points by FY14. The company still sees 3%-5% revenue growth on an annual basis and expects its cash flow will "go north" to $250M by fiscal year 2016. Brinker is looking to have over $4 in EPS by fiscal year 2017. The company recently announced that Guy Constant, executive VP, Chief Financial Officer and president of Global Business Development resigned and said Marie Perry, senior VP, treasurer and controller, will serve as interim CFO until a permanent successor is named. STREET RESEARCH: During the quarter, shares were downgraded to Hold from Buy at Miller Tabak. After meeting with the company's management, Sterne Agee said it expects Chili's to outperform industry same-store sales gains. The firm expects the company to carry out significant share repurchases and raise its dividend over the longer term. PRICE ACTION: Over the last three months, Brinker shares are up over 2%. Year-to-date, shares are up over 9.5%.

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