Brinker International Inc. (EAT) has announced an increase in its second-quarter profits, surpassing analysts' expectations. The company posted earnings of $118.5 million, translating to $2.61 per share, a significant rise from last year's $42.1 million, or $0.94 per share.
On an adjusted basis, excluding one-off items, the company's earnings stood at $127.3 million, or $2.80 per share, beating the average analyst forecast of $1.86 per share.
Brinker's revenue experienced a 26.4% growth, reaching $1.358 billion compared to $1.074 billion in the same period last year.
In summary, Brinker International Inc.'s (under Generally Accepted Accounting Principles - GAAP) financial highlights for the quarter are as follows:
- Earnings: $118.5 million, up from $42.1 million last year.
- Earnings Per Share (EPS): $2.61, compared to last year's $0.94.
- Revenue: $1.358 billion, an increase from last year's $1.074 billion.
**Guidance:**
- Full-year EPS is projected to range between $7.50 and $8.00.
- Full-year revenue is anticipated to be between $5.15 billion and $5.25 billion.
