Brinker International, Inc. (NYSE:EAT) reported second-quarter financial figures Tuesday.
The Dallas-based food company reported sales in the fourth quarter of fiscal 2019 increased 1.7% to $804.8 million compared to the fourth quarter of fiscal 2018. Total revenues in the fourth quarter of fiscal 2019 increased 2.1% to $834.1 million compared to the fourth quarter of fiscal 2018
Earnings per diluted share, on a GAAP basis, in the fourth quarter of fiscal 2019 increased 20.8% to $1.22 compared to $1.01 in the fourth quarter of fiscal 2018. Earnings per diluted share, on a GAAP basis, in fiscal 2019 increased 45.6% to $3.96 compared to $2.72 in fiscal 2018
According to CEO Wyman Roberts, "The fourth quarter marked our fifth consecutive quarter of positive same store sales and our sixth consecutive quarter to out-perform the category in traffic.
"Our continued focus on improving the guest experience and providing everyday value is a long term strategy that continues to deliver solid results."
The Company's Board of Directors approved a quarterly dividend of $0.38 per share on the common stock of the Company. The dividend will be payable September 26, to shareholders of record as of September 6.
EAT estimates earnings per diluted share, excluding special items, will be in the range of $4.15 to $4.35. It opines that, providing estimated guidance for fiscal 2020 earnings per diluted share, excluding special items, provides investors the appropriate insight into its ongoing operating performance.
Shares took on 84 cents, or 2.1%, to $40.70.
