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BRIEF-Brinker International Q4 Earnings Per Share $1.36 Excluding Items

Reuters logo Reuters 8/13/2019

Brinker International Inc:

* BRINKER INTERNATIONAL REPORTS FOURTH QUARTER AND FISCAL YEAR 2019 RESULTS

* Q4 EARNINGS PER SHARE $1.36 EXCLUDING ITEMS

* Q4 GAAP EARNINGS PER SHARE $1.22

* Q4 REVENUE $834.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $835.2 MILLION

* Q4 EARNINGS PER SHARE ESTIMATE $1.34 -- REFINITIV IBES DATA

* SEES FY 2020 EARNINGS PER SHARE $4.15 TO $4.35 EXCLUDING ITEMS

* CHILI'S COMPANY-OWNED COMPARABLE RESTAURANT SALES INCREASED 1.5% IN Q4 OF FISCAL 2019 COMPARED TO Q4 OF FISCAL 2018

* EXPECT TO ACQUIRE 116 CHILI'S RESTAURANTS IN Q1 OF FISCAL 2020 FROM CO'S FRANCHISEE, ERJ DINING

* MAGGIANO'S COMPANY-OWNED COMPARABLE RESTAURANT SALES DECREASED 0.2% IN Q4 OF FISCAL 2019 COMPARED TO Q4 OF FISCAL 2018

* REVENUES ARE EXPECTED TO BE UP APPROXIMATELY 9.0% TO 10.0% PRIMARILY DUE TO ACQUISITION OF 116 CHILI'S RESTAURANTS IN 2020

* FREE CASH FLOW IS EXPECTED TO BE $160.0 MILLION TO $175.0 MILLION IN 2020

* SEES 2020 COMPARABLE RESTAURANT SALES ARE EXPECTED TO BE UP 1.75% TO 2.50%

* IMPACT OF NEW LEASING STANDARD HAS BEEN INCLUDED WITHIN FISCAL 2020 GUIDANCE

* FY2020 EARNINGS PER SHARE VIEW $4.02, REVENUE VIEW $3.27 BILLION -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:

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