Brinker says targeting EPS of $4.00 or more by FY17 Says to be 2/3 of way to doubling EPS goal by June, says will achieve 330 bps of its LT operating margin goal of 400bps expansion by this June. Sees achieving 400bp goal by end of next FY, says could reach goal of doubling EPS perhaps even as soon as next FY. Sees Maggiano's revenue climbing to over $500M by FY17. Comments made at the Bank of America Merrill Lynch Consumer & Retail Conference.
Brinker increases dividend 14%, authorizes $250M stock repurchase The board for Brinker International declared a quarterly dividend of 32c per share on the common stock, representing a 14% increase in Brinker's quarterly dividend. The dividend will be payable Sept. 24 to shareholders of record as of Sept. 4. Brinker's board also authorized an additional $250M in share repurchases. With the additional amount, Brinker will have approximately $567M in available authorization.