Brinker International, Inc. (NYSE:EAT) reported better-than-expected second-quarter results on Wednesday.
The company reported second-quarter adjusted earnings per share of $2.80 beating the street view of $1.79. Quarterly sales of $1.358 billion outpaced the analyst consensus estimate of $1.240 billion.
"Chili's sales comps accelerated to +31%, driven both by new guests trying Chili's and return guests coming more frequently despite a more competitive promotional environment," said President and CEO Kevin Hochman.
Brinker International said it expects FY25 revenues to be between $5.15 billion and $5.25 billion, higher than the analyst consensus estimate of $4.90 billion (prior view: $4.70 billion-$4.75 billion).
The company also projects adjusted EPS of $7.50 to $8.00 versus the street view of $6.36, up from the prior forecast of $5.20 to $5.50.
Brinker shares surged 16.3% to close at $179.79 on Wednesday.
These analysts made changes to their price targets on Brinker following earnings announcement.
Considering buying EAT stock? Here’s what analysts think:
Read This Next:
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。