Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Brinker International Inc.’s profit for thefourth quarter fiscal 2005 declined 22% to $49.8million, or 55 cents per diluted. The companyattributes the decline to a $15.9 million chargerelated to accounting and a $6.6 million charge fromthe closure of 15 restaurants occurred during thequarter.

However, if the one-time charge were excluded,Brinker’s profit would have grown 8% to 71 cents pershare. Analysts surveyed by Thomson First Callexpected quarterly earnings of 70 cents a share.

During the quarter, the company, which operatesChili’s Bar & Grill among other restaurant concepts,saw revenues increase 2.3% to $1.04 billion comparedto $1.02 billion for the same period last year.

These company attributes the revenue gain to newrestaurants and a 3.7% increase in comp-store salesfor all Brinker concepts. During the fourth quarter,Brinker opened 44 restaurants, bringing the totalnumber to of restaurants to 1,588 worldwide.

During the quarter, comp-store sales increased 4.2% atChili’s; 0.9% at Romano’s Macaroni Grill; 4.4% On theBorder Mexican Grill & Cantina; and 2.8% at Maggiano’sLittle Italy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.