Stock Monitor: Dunkin' Brands Group Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 13, 2018 / Active-Investors.com has just released a free earnings report on Brinker International, Inc. (NYSE: EAT) ("Brinker"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=EAT. Brinker reported its second quarter fiscal 2018 operating and financial results on January 30, 2018. The operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy exceeded earnings expectations and updated earnings guidance for fiscal 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Dunkin' Brands Group, Inc. (NASDAQ: DNKN), which also belongs to the Services sector as the Company Brinker Intl. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Brinker International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the fiscal second quarter ended December 27, 2017, Brinker's total revenues were $766.40 million, decreasing 0.6% compared to Q2 FY17 revenues of $771.04 million. In the reported quarter, total Company's sales were $742.69 million, decreasing 0.8% compared sales of $748.71 million in the year ago same period. Brinker's revenue fell short of analysts' estimates of $771.4 million.
During Q2 FY18, Brinker's Restaurant operating margin, as a percent of the Company's sales, was 14.9% compared to 15.1% for Q2 FY17, representing a decrease of approximately 20 basis points.
On a GAAP basis, Brinker's net income was $25.37 million, or $0.54 per diluted share, compared to earnings of $34.64 million, or $0.69 per diluted share, in Q2 FY17. During the reported quarter, the Tax Cuts and Jobs Act of 2017 (Tax Act) negatively impacted the Company's GAAP net income by $3.9 million, or $0.08 per diluted share, consisting of $8.7 million, or $0.18 per diluted share, for the revaluation of the Company's net deferred tax assets, partially offset by the impact from the decrease in the statutory tax rate of $4.8 million, or $0.10 per diluted share, in Q2 FY17.
Brinker's earnings, excluding special items, were $0.87 per diluted share for Q2 FY18, representing a 22.5% increase from earnings of $0.71 per diluted share in Q2 FY17. The Company's earnings beat Wall Street's estimates of $0.71 per share.
Brinker International's Segment Results
During Q2 FY18, Brinker reported that its CHILI's Company-owned comparable restaurant sales decreased 1.5% on a y-o-y basis. CHILI's US franchise comparable restaurant sales fell 1.7% compared to the year ago corresponding period, while its international franchise comparable restaurant sales increased marginally by 0.1% on a y-o-y basis in the reported quarter.
For Q2 FY18, CHILI's reported Company sales of $623.6 million, down 1.3% compared to $632.1 million in Q2 FY17, due to a decline in comparable restaurant sales. The segment's Restaurant labor, as a percent of the Company's sales, increased compared to the prior year due to higher wage rates. Cost of sales, as a percent of the Company's sales, increased slightly on a y-o-y basis due to unfavorable product mix on beef, ribs, and chicken and unfavorable commodity pricing on produce. CHILI's Restaurant expenses, as a percent of the Company's sales, decreased due to lower advertising and repairs and maintenance expenses.
During Q2 FY18, the MAGGIANO segment's comparable restaurant sales grew 1.8% on a y-o-y basis. MAGGIANO's reported quarter Company sales increased 2.1% to $119.1 million from $116.6 million in the prior year same quarter primarily due to an increase in comparable restaurant sales. MAGGIANO's restaurant expenses, as a percent of the Company's sales, decreased primarily due to sales leverage and lower property taxes, preopening, and workers' compensation insurance expenses.
During Q2 FY18, FRANCHISE AND OTHER segment's revenues increased 6.3% to $23.7 million on a y-o-y basis compared to $22.3 million in Q2 FY17 primarily due to higher gift card-related revenues. Brinker's franchisees generated approximately $324 million in sales for the reported quarter.
For the first six months of fiscal 2018, Brinker's cash flows provided by operating activities were $119.7 million and capital expenditures totaled $48.6 million. The Company's free cash flow was $71.1 million for the reported period.
Brinker updated its fiscal 2018 outlook and now estimates earnings, excluding special items and the revaluation of the Company's deferred tax accounts, to be in the range of $3.42 to $3.52 per diluted share.
Stock Performance Snapshot
February 12, 2018 - At Monday's closing bell, Brinker International's stock slightly fell 0.03%, ending the trading session at $33.46.
Volume traded for the day: 1.45 million shares.
Stock performance in the previous three-month period – up 0.33%
After yesterday's close, Brinker International's market cap was at $1.55 billion.
Price to Earnings (P/E) ratio was at 12.76.
The stock has a dividend yield of 4.54%.
The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 1.3% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.