Last10K.com

Brinker International Inc (EAT) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, June 24, 2009

Brinker International Inc

CIK: 703351 Ticker: EAT

EXHIBIT 99(a)

 

 

FOR IMMEDIATE RELEASE

 

Contacts:

Stacey Sullivan Calbert, Media Relations

Marie Perry, Investor Relations

 

(800) 775-7290

(972) 770-1276

 

BRINKER INTERNATIONAL REPORTS INCREASE IN FOURTH QUARTER FISCAL 2009 EPS AND

PROVIDES FISCAL 2010 OUTLOOK

 

DALLAS (Aug. 6, 2009) – Brinker International, Inc. (NYSE: EAT) announced fourth quarter fiscal 2009 earnings per diluted share of $0.52 compared to $0.42 for the fourth quarter of fiscal 2008, before special items and excluding Romano’s Macaroni Grill

® (reconciliation included in Table 3). On a GAAP basis, earnings per diluted share increased to $0.41 from a loss per diluted share of $0.02 for the fourth quarter in the prior year.  For the full-year fiscal 2009, earnings per diluted share increased to $1.44 from $1.41 in the prior year, before special items and excluding Macaroni Grill (reconciliation included in Table 4).  On a GAAP basis, earnings per diluted share increased to $0.77 from $0.49 in the prior year.

 

In the second quarter of fiscal 2009, the company completed the sale of Macaroni Grill while retaining a minority ownership interest.  The information presented below includes Macaroni Grill unless otherwise noted.

 

Quarterly Revenues

 

Brinker reported revenues for the 13-week period of $829.4 million, a decrease of 22.7 percent compared with $1,073.6 million reported for the same period of fiscal 2008. The company experienced a 9.0 percent decrease in comparable restaurant sales (see Table 1) in the fourth quarter of fiscal 2009 due to decreases across all brands.  Revenues were also negatively impacted by a net decline in capacity of 18.2 percent due to 55 restaurant closures (five of which were Macaroni Grills) and the sale of 198 restaurants since the fourth quarter of fiscal 2008 (189 of which were Macaroni Grills).

 

Table 1: Q4 comparable restaurant sales

Q4 09 and Q4 08, company and three reported brands; percentage

 

 

 

Q4 09 Comparable
Sales

 

Q4 08
Comparable
Sales

 

Q4 09
Pricing
Impact

 

Q4 09
Mix-Shift

 

Brinker International (1)

 

(9.0

)

2.3

 

2.4

 

(2.0

)

Chili’s

 

(9.4

)

3.4

 

2.5

 

(1.4

)

On The Border

 

(5.8

)

(2.3

)

2.9

 

(4.2

)

Maggiano’s

 

(9.2

)

(0.5

)

1.0

 

(3.8

)

 


The following information was filed by Brinker International Inc (EAT) on Friday, August 7, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Brinker International Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Brinker International Inc.

Continue

Assess how Brinker International Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Brinker International Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2009 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools
Ticker: EAT
CIK: 703351
Form Type: 10-K Annual Report
Accession Number: 0001047469-09-007949
Submitted to the SEC: Mon Aug 24 2009 4:47:44 PM EST
Accepted by the SEC: Mon Aug 24 2009
Period: Wednesday, June 24, 2009
Industry: Retail Eating Places

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/eat/0001047469-09-007949.htm