Brinker International (EAT) Misses Q2 EPS by 3c; Lowers Outlook

Brinker International (NYSE: EAT) reported Q2 EPS of $0.71, $0.03 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $771 million versus the consensus estimate of $787.73 million.

GUIDANCE:

Brinker International sees FY2017 EPS of $3.05-$3.15, versus the consensus of $3.36.

"We are not satisfied with our second quarter results. While we believe our initiatives can deliver share gains, our overall performance was hurt by a much weaker-than-expected casual dining category," said Wyman Roberts, chief executive officer and president. "We are taking actions to sharpen our focus on more impactful innovation and execution designed to create long-term value for our shareholders."

For earnings history and earnings-related data on Brinker International (EAT) click here.

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