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Dallas-based Brinker (NYSE: EAT) recorded a profitr of $35 million, or 34 cents per share, for the That's significantly up from a lossof $38.7 million, or 38 cents per during the same period last year. Despitw the profit, the company showed a 20.4-percent drop in third-quartert sales. In the most recentr quarter, Brinker’s sales reached $857 down from $1.1 billion. Same-store sales--or sales at stores open for 12 monthsor more--fell 5.6 percenrt in the third quarter, which is blamed on sale declinews across all of the company’s casuall dining brands, Brinker said. Revenue also was pinched by a 17.
7-percenty drop in capacity attributed to the closinhg of 47 restaurants and the sale of 189Macaronki Grills. The sale of the Macaroni Grill line was completerd in thesecond quarter; Brinkert retains a minority interest in the brand. The company did not performed as well as analysts On average, the company was projected to record a profiy of 45 cents per share for the Instead, Brinker recorded a lower profit of 34 cents per Brinker’s CEO said the company saw "margin improvement" in the third quarter due to Brinker’s “disciplined restaurangt management” and commitment to
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