Brinker expects cash flow to go north to $250M by FY16

theflyonthewall.com

Says looking to achieve FY15 goals early. Says media spending in low-teens and expects that to continue going forward. Expects check lift to increase in the future. Says adding about 12 Chilis restauranst a year. Sees 10%-15% international unit growth. The company says it is "well on its way" to achieving 400bp margin improvement. Sees FY CapEx $150M-$160M. Sees FY15 CapEx to the $120M-$130M range and FY16-FY17 CapEx falling to $100M a year. Sees adjusted debt to adjusted EBITDA to decline. Looks to have $4+ in EPS by FY17.

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