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Sales guidance from Brinker International tops expectations

Published 08/10/2017, 08:09 AM
© Reuters.  Sales guidance from Brinker International tops expectations
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  • Brinker International (NYSE:EAT) reports comparables sales fell 1.8% in FQ4 to edge past the consensus estimate.
  • Comparable sales fell 2.2% at company-owned Chili's restaurants on a 6.5% drop in traffic, while increasing 0.5% at Maggiano's locations. Both chains saw a positive impact from pricing during the quarter.
  • Restaurant-level operating margin fell 130 bps to 17.0% of sales during the quarter.
  • Looking ahead, Brinker sees FY18 revenue of $3.27B to $3.30B vs. $3.17B consensus.
  • Previously: Brinker beats by $0.05, beats on revenue (Aug. 10)
  • EAT +3.59% premarket to $35.50.
  • Now read: 35 'Safer' Dividend Consumer Cyclical Dogs Led By Barnes & Noble (NYSE:BKS) Gains For August


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