Brinker Q1 Profit Beats, Revenue Misses View; Stock Down

(RTTNews) - Restaurant operator Brinker International, Inc. (EAT) Tuesday said its first-quarter net income advanced to $33.21 million from $32.74 million in the prior year. Earnings per share increased to $0.54 from $0.49.

Earnings per share, excluding special items, were $0.56 while it totaled $0.50 for the first quarter of fiscal 2015. On average, 17 analysts polled by Thomson Reuters expected earnings of $0.55 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $762.6 million from last year's $711.02 million. Analysts expected revenues of $774.82 million.

Brinker International company sales increased 7.8 percent to $740.5 million.

Chili's company-owned comparable restaurant sales decreased 1.6 percent, while Maggiano's comparable restaurant sales decreased 1.7 percent.

The stock which closed up 1.7 percent on Monday at $51.57 fell 3.4 percent in pre-market activity.