| Brinker International
Earnings Call |
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Brinker International Third Quarter Earnings Call
24th April 2008 00:00 AM |
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| Revenues fell 4% from $944 million in 2007 to $908 million due to capacity decreases offset by increased franchise revenues. |
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| The restaurateur realised a loss of $38.8 million or 33 cents a share, down 11% from a profit of $54.7 million or 45 cents a share in 2007 due to declining revenues and higher commodity price pressures. Brinker’s decision to slow domestic development has resulted in increased manager retention and effectiveness at Chili’s. Further, it has shifted focus to increased franchise development both domestically and in growing international markets. |
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Brinker International Third Quarter Earnings Call
12th March 2008 00:00 AM |
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| Revenues increased 2.8% to $1.12 billion from $1.09 billion reported in 2006 following restaurant capacity growth of 7.9%. |
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| The international owner, operator, and franchisor of restaurants reported income from continuing operations of $54.6 million, or 43 cents per share, down from 13.5% from $63.1 million, or 48 cents a share in the prior year as the challenging environment affected operations and the bottom line. The firm announced its intentions to enter into an agreement to repurchase approximately $300 million of its common stock through a broker-dealer in an accelerated share repurchase (ASR) transaction. |
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Brinker International Second Quarter Earnings Call
2nd February 2008 00:00 AM |
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| Income rose 23% from $44 million or 36 cents a share in 2007 to $54.5 million or 53 cents a share on gains on restaurant disposals and impairments. |
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| The restaurateur reported revenues of $868.2 million, a decrease of 3.5% from $899.6 million in the prior year due to a decline in comparable restaurant sales and a net decline in capacity. Over the next several years international expansion will be the focus of the growth strategy with a goal of 300 international restaurants by 2010. However, projections for new restaurant development are expected to decline significantly going forward, down from the original estimate of 70 to 80 restaurants. |
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Brinker International First Quarter Earnings Call
8th December 2007 00:00 AM |
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| Earnings were down 21% to $37.6 million or 34 cents a share as margins were affected by unfavourable commodity prices. |
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| The restaurateur reported a marginal increase in revenues to $895 million from $869.3 million in 2006 as a result of an net increase in company-owned restaurants.The firm is optimizing the use of capital by continuing to be disciplined about new restaurant development, closing underperforming locations, selling company restaurants to strong franchisees, and remain committed to returning capital directly to shareholders in the form of increasing dividends or buying back stock. |
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Brinker International Fourth Quarter Earnings Call
14th August 2007 00:00 AM |
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| Net income rose 15% to $83.6 million, or 71 cents per share, from $73 million, or 57 cents a share a year ago, due to increased capacity. |
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| Despite a sales slump across all brands, the restaurateur reported a 5% growth in revenues due to increased capacity, following the opening of 117 new restaurants. Efforts are underway to improve brand sales through marketing initiatives and new menu platforms. Consequently fiscal 2008 earnings growth was revised downwards. Expansion of global presence is on track as management shifts the company-owned to franchise ownership 70/30. |
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