Brinker income up 10% in quarter
Oct. 26, 2011
DALLAS — Income for Brinker International, Inc. was up 10% during the first quarter on increased traffic and sales.
For the quarter ended Sept. 28, the company had income of $23,621,000, equal to 29c per share on the common stock, which compared with income of $21,431,000, or 21c per share, during the same quarter of the previous year. Revenue for the quarter was $668,402,000, up 2% from $654,893,000.
“As evidenced in Brinker’s first-quarter results, guests are responding positively to our core value strategies as we achieved our third consecutive quarter of positive sales and traffic growth,” said Doug Brooks, president and chief executive officer. “This upward trend, coupled with our continued margin improvements, resulted in profitable growth for Brinker and is keeping us on track to double e.p.s. by 2015.”
Revenue for Chili’s was up 2% during the quarter compared with the previous year, and Maggiano’s revenue was up 4%. Royalty and franchise revenue was up 5% compared with the previous year driven by 25 international openings.