Brinker International, Inc. (NYSE:EAT) 4Q19 Earnings Surpass Street Estimates

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Brinker International, Inc. (NYSE:EAT) published fourth quarter earnings before market open today that surpass analysts estimates

The company reported income of $ 46.70 million or $ 1.22 per share, extended 20.79 percent compared with income of $ 43.80 million or $ 1.01 per share, a year ago period.

On adjusted basis, EAT posted adjusted earnings of $ 52.10 million or or $ 1.36 per share, while According to street consensus, income of $ 1.34 was expected per share

Topline results for the fourth quarter extended 2.08 percent to $ 834.10 million from $ 817.09 million in the same quarter last year, where as The consensus estimates are $ 835.23 million in revenue

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Wyman Roberts, CEO and President, said, The fourth quarter marked our 5th 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.

Further, the company announced 2020 earnings estimate to a range of $ 4.15 ~ $ 4.35 per share.

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