Posted by: Market Watch in Market Information 9 minutes in the past Brinker Worldwide Inc. posted better-than-expected earnings for its fis
Brinker Worldwide Inc. posted better-than-expected earnings for its fiscal second quarter on Wednesday, regardless of the continued impression of the coronavirus pandemic on its Chili’s and Maggiano’s eating places. Brinker stated it had internet earnings of $12.zero million, or 26 cents a share, within the quarter to Dec. 23, lower than half the $27.9 million, or 73 cents a share, posted within the year-earlier interval. Adjusted per-share earnings got here to 35 cents, forward of the 31 cents FactSet consensus. Income fell to $760.7 million from $869.Three million, but additionally beat the $756.zero million FactSet consensus. The corporate’s income was damage by capability limitations and private security preferences, which had been partially offset by off-premise gross sales. Chili’s same-store gross sales fell 6.3% from a 12 months in the past, whereas Maggiano’s same-store gross sales fell 47%. Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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