Brinker Updates FY18 Earnings Outlook - Quick Facts

(RTTNews) - Brinker International, Inc. (EAT) announced the company now estimates earnings per share, excluding special items and the revaluation of the deferred tax accounts, to be in the range of $3.42 to $3.52 for fiscal 2018. The company said the Tax Act will have a material impact on its effective tax rate for fiscal 2018.

Previously, the company expected the effective income tax rate excluding the impact of special items to be approximately 27 to 29 percent for fiscal 2018. The company's effective tax rate excluding the impact of special items and the revaluation of the deferred tax accounts is now expected to be approximately 20 to 22 percent.

For the second quarter of fiscal 2018, earnings per share, excluding special items, were $0.87 representing a 22.5 percent increase from $0.71 in the second quarter of fiscal 2017. Total revenues were $766.4 million decreasing 0.6 percent compared to the second quarter of fiscal 2017, and company sales were $742.7 million in the second quarter of fiscal 2018 decreasing 0.8 percent compared to the second quarter of fiscal 2017.