Brinker sees FY15 revenue up 4%, consensus $2.99B Plans to open 8-10 Chili's restaurants in the U.S. this year. Says 66% of commodities are contracted through end of CY14. Sees FY15 CapEx $130M-$140M. Sees "slightly unfavorable" for FY15. Says FY revenue view assumes 1%-2% price increase. Comments made on the Q4 earnings conference call.
Brinker backs guidance of 25-50 bp of restaurant-levell op margin expansion The company said we were not surprised by margins with the exception of the commodity expenses. Expects commodity expenses also comes back in line. The company said it is now working on changing the trajectory of the brand at Chili's with a lot more initiatives to come. It said it is nowhere near the end of the potential of grow market share. Comments taken from Q1 earnings conference call.