(Updates with stock price movement in the headline and first paragraph as well as raised guidance in the sixth paragraph.)
Brinker International (EAT) shares were up over 14% in recent Wednesday trading after the company reported fiscal Q2 earnings and revenue that beat consensus estimates.
The company reported fiscal Q2 non-GAAP earnings of $2.80 per diluted share, up from $0.99 a year earlier.
Analysts polled by FactSet expected $1.86.
Revenue for the fiscal quarter ended Dec. 25 was $1.36 billion, up from $1.07 billion a year earlier.
Analysts surveyed by FactSet expected $1.25 billion.
The company raised its fiscal 2025 outlook and now expects adjusted earnings in the range of $7.50 and $8 per diluted share on revenue of $5.15 billion to $5.25 billion. The company previously guided for adjusted earnings of $5.20 to $5.50 a share on revenue of $4.70 billion to $4.75 billion.
Analysts expect adjusted earnings of $6.44 and revenue of $4.9 billion.
Price: 176.65, Change: +22.04, Percent Change: +14.26
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.