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Brinker International Inc (EAT)

EAT on New York Consolidated

52.94USD
26 Sep 2016
Change (% chg)

$0.40 (+0.76%)
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Latest Key Developments (Source: Significant Developments)

Brinker Int wholly-owned units entered into 2nd amendment to credit agreement
Tuesday, 13 Sep 2016 08:17am EDT 

Brinker International Inc : Co, wholly-owned units entered into second amendment to credit agreement dated as of September 13, 2016 - SEC filing . Amendment provides for an increase from $750 million to $1 billion in aggregate borrowing amount available under unsecured revolving credit facility . Amendment provides that Brinker Texas, Brinker Florida become guarantors of company's obligations under amended credit agreement .Amendment also extends maturity date for $890 million of facility to September 12, 2021 and the remaining $110 million remains due on March 12, 2020.  Full Article

Brinker International announces notes offering
Tuesday, 13 Sep 2016 08:00am EDT 

Brinker International Inc : Brinker International announces notes offering . Says intends to offer $350 million aggregate principal amount of senior notes due 2024 . Notes will be guaranteed on a senior unsecured basis by each of company's subsidiaries that guarantee its amended revolving credit facility . Says net proceeds from offering of notes will be used to repurchase up to $300 million of company's common stock .Says net proceeds from offering also to repay up to $50 million of outstanding indebtedness under co's revolving credit facility.  Full Article

Brinker International declares qtrly dividend of $0.34 per share
Thursday, 18 Aug 2016 06:28pm EDT 

Brinker International Inc :Declared a quarterly dividend of $0.34 per share on common stock of company, representing a 6 percent increase over prior year.  Full Article

Fitch downgrades Brinker to 'BB+' outlook stable
Thursday, 11 Aug 2016 10:47am EDT 

FItch ratings:Fitch downgrades Brinker to 'BB+'; outlook stable.  Full Article

Brinker International reported Q4 EPS $1.11
Thursday, 11 Aug 2016 07:15am EDT 

Brinker International Inc : Over-Year increases in fourth quarter and full fiscal year eps . Sees FY 2017 earnings per share $3.40 to $3.50 excluding items . Q4 GAAP earnings per share $1.11 . Q4 earnings per share $1.24 excluding items . Q4 earnings per share view $1.22 -- Thomson Reuters I/B/E/S . Board of directors authorized an additional $150 million in share repurchases . Plans to increase leverage in range of $250 to $300 million in near term . Brinker International Inc qtrly Maggiano's Q4 comparable restaurant sales decreased 1.7 percent . Fiscal 2017 revenues are expected to be down approximately one half percent to up one percent . Brinker International Inc sees fiscal 2017 capital expenditures of $110 to $120 million . FY2017 earnings per share view $3.43, revenue view $3.26 billion -- Thomson Reuters I/B/E/S . Brinker International Inc qtrly total revenue $881.7 million versus $764.1 million . Qtrly Chili's Q4 Company-Owned comparable restaurant sales decreased 1.8 percent . Brinker International Inc sees fiscal 2017 comparable restaurant sales are expected to increase one half to two percent . Fiscal 2017 restaurant operating margin is expected to be down approximately 50 basis points year-over-year .Fiscal 2017 free cash flow is expected to be $230 to $240 million.  Full Article

Brinker expects 2016 adj EPS to be near low end of $3.55-$3.65 range
Wednesday, 8 Jun 2016 04:30pm EDT 

Brinker International Inc : Brinker International updates fourth quarter and fiscal 2016 outlook; provides select fiscal 2017 guidance . Comparable restaurant sales growth for fiscal 2017 is expected to be in a range of 0.5 to 2.0 percent . Fiscal 2017 capital expenditures are expected to be in a range of $110 to $120 million . Brinker International Inc says company anticipates fiscal 2017 earnings per diluted share, excluding special items, to be in a range of $3.40 to $3.50 . Company continues to expect fiscal Q4 2016 comparable restaurant sales to improve from fiscal Q3 2016 results . Expect 2016 earnings per diluted share, excluding special items, to be near low end of original guidance range of $3.55 to $3.65 . FY2016 earnings per share view $3.53, revenue view $3.26 billion -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $3.47, revenue view $3.27 billion -- Thomson Reuters I/B/E/S .Sees FY 2017 earnings per share $3.40 to $3.50 excluding items.  Full Article

Brinker International sets quarterly dividend to $0.32 per share
Thursday, 19 May 2016 06:07pm EDT 

Brinker International Inc :Increases quarterly dividend by 14 percent Y-O-Y to $0.32 per share.  Full Article

Brinker International Inc board declares common dividend
Tuesday, 2 Feb 2016 05:00pm EST 

Brinker International Inc:Declared a quarterly dividend of $0.32 per share on the common stock of the company.Dividend will be payable March 24, 2016 to shareholders of record as of March 4.  Full Article

Brinker International Inc reaffirms FY 2016 EPS guidance
Wednesday, 20 Jan 2016 07:45am EST 

Brinker International Inc:Reaffirms earnings per diluted share, excluding special items, to increase 15 to 18 percent in FY 2016 in the range of $3.55 to $3.65.  Full Article

Brinker International Inc declares common dividend
Thursday, 29 Oct 2015 05:58pm EDT 

Brinker International Inc:Declared a quarterly dividend of $0.32 per share on the common stock of the company, representing a 14 percent increase over the prior year.Says dividend will be payable Dec. 24, 2015 to shareholders of record as of Dec. 4, 2015.  Full Article

BRIEF-Brinker International reports closing of notes offering and accelerated share repurchase program

* Will pay BOFA $300 million in cash and will initially receive approximately 4.6 million shares of company's common stock