EmailBrinker (EAT $22.51 +1.93) reported fiscal fourth quarter earnings of $0.48 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.46.
Revenues fell 3.4% year/year to $717.5 million versus the $710.6 million consensus.
For fiscal year 2012,. the company expects EPS of $1.80-1.95, excluding non-recurring items versus $1.76 Capital IQ Consensus Estimate. It also sees FY12 revenues +2-3% year over year to ~ $2.82-2.84 billion versus $2.80 billion Capital IQ Consensus Estimate, with comps +2-3%.
"Brinker's performance in fiscal 2011 demonstrates we're delivering on our promise of strengthening our business model and driving top line sales and traffic growth, especially considering that during the fourth quarter, we were up against an extra operating week from 2010. The strategies we laid out 18 months ago continue to gain traction, driving positive sales and traffic growth that outpaced the bar and grill segment. Looking ahead to fiscal 2012, we'll continue to build on our momentum from 2011 and we're confident we'll achieve our goal of doubling Brinker's earnings per share by 2015."
