Shares of Brinker International, Inc. (EAT) soared 8.34% in pre-market trading on Wednesday, following the release of the company's fiscal second-quarter results which handily beat analysts' expectations and raised its full-year guidance.
For the quarter ended December 27, 2024, the casual dining restaurant chain reported adjusted earnings per share of $2.80, a substantial increase from the prior-year period and comfortably exceeding the average analyst estimate of $1.82. Revenue for the quarter came in at $1.09 billion, also outpacing projections.
Looking ahead, Brinker raised its fiscal 2025 guidance, now forecasting adjusted EPS in the range of $7.50 to $8.00, up from its previous outlook of $6.75 to $7.25. The company also boosted its full-year revenue guidance to a range of $5.15 billion to $5.25 billion, reflecting sustained momentum across its core restaurant banners.
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