New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 27, 2013
13:06 EDTEATBrinker provides FY13 outlook, long term vision
Leaders from Brinker International provided an update on the company's fiscal 2013 outlook and shared long-term goals being discussed in today's investor conference. "Brinker expects to deliver on our promise of doubling earnings per share. This could happen by fiscal 2014, a full year earlier than initially projected," said Wyman Roberts, CEO and President of Brinker International. "We're now looking to the next milestone by setting another long-term goal: to double our fiscal 2012 earnings per share by fiscal 2017. This is yet another aggressive goal, but we are committed to attaining it by driving 10 to 15 percent annual EPS growth during this period." The business strategies for the next five years build upon the foundation of Brinker's current successes. The company has evolved to operate in a mature space by reducing costs in the middle of the P&L while reinvesting back into the business with initiatives that enhance the guest experience. Moving forward, the company will continue to have a balanced approach to doubling EPS, with topline initiatives playing a greater role in overall growth. Chili's Grill & Bar will focus on food innovation, improved operational consistency and moderate unit growth. Maggiano's Little Italy will leverage a new restaurant prototype to grow their brand. The global side of the business will step up unit development to become the guests' top choice for casual dining internationally. Brinker projects 3%-5% revenue growth, driven by 2%-3% domestic comp sales growth, and approximately 3% international comp sales growth. Starting in fiscal 2014, the company projects unit growth of 1%-2% for Chili's in the U.S., 5%-10% for Maggiano's, and ongoing 10%-15% global growth. Brinker will generate up to 1% annual margin improvement, driven by sales leverage on restaurant labor and restaurant expenses, continued emphasis on labor productivity improvements and flat cost of sales. The company expects to continue to generate strong cash flow and maintain a consistent strategy regarding the prudent allocation of capital. This will add to Brinker's commitment to return cash to shareholders through a competitively favorable dividend, and at least $1B of share repurchase over the next five years. The combination of focusing on these outlined strategies will result in Brinker delivering annual EPS growth of 10%-15% and doubling EPS to at least $4.00 per share by fiscal 2017.
News For EAT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 28, 2015
10:51 EDTEATBrinker sees commodity prices being less of an issue in Q4
Subscribe for More Information
10:31 EDTEATBrinker slips after earnings, levels to watch
Shares are down over 1.3% at time of writing to $60.85. At that price next support is at $59.96. The key level to watch below that particular support is at $57.95, the 50-day moving average. That moving average is the uptrend support line proxy and it would snap the uptrend from the summer of 2014 if it were broken. Resistance is at $61.16.
10:21 EDTEATBrinker sees 'tough road ahead,' but 'not as bad' as last few years
Subscribe for More Information
10:19 EDTEATBrinker says 'comfortable' with FY15 guidance to date
Subscribe for More Information
10:18 EDTEATBrinker says still sees $4 in EPS by FY17
Says feels "really good" about Chilli's performance domestically. Says facing "challenging" headwinds internationally. Says optimistic about long-term growth potential of Maggiano's brand. Says environment "competitive." Comments made on the Q4 earnings conference call. Brinker is down 2.48% in morning trading to $60.10.
07:48 EDTEATBrinker reports Q2 Chili's sales up 4.4% to $602M
Subscribe for More Information
07:47 EDTEATBrinker reports Q2 comparable restaurant sales up 3.7%
Subscribe for More Information
07:46 EDTEATBrinker reports Q2 EPS excl items 71c, consensus 69c
Reports Q2 revenue $742.77M, consensus $735.87M
January 27, 2015
15:35 EDTEATNotable companies reporting before tomorrow's open
Subscribe for More Information
12:18 EDTEATEarnings Preview: Brinker up 19.5% since last earnings report
Subscribe for More Information
January 20, 2015
08:58 EDTEATBrinker downgraded to Hold on valuation at Wunderlich
Subscribe for More Information
08:12 EDTEATBrinker downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Brinker to Hold with a $65 price target.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use