Brinker International, Inc. today announced results for the fiscal second quarter ended Dec. 29, 2010.
Highlights for the second quarter of fiscal 2011 include the following:
• Earnings per diluted share, before special items, increased to $0.38 compared to $0.25 for the second quarter of fiscal 2010 (see non-GAAP reconciliation below)
• On a GAAP basis, earnings per diluted share increased to $0.41 from $0.18 in the second quarter of the prior year
• Restaurant operating margin(1) improved 210 basis points to 17.4 percent
• Total revenues decreased 4.8 percent to $671.9 million
• Same restaurant sales at company-owned restaurants decreased 3.5 percent consisting of a 4.9 percent decrease at Chili’s and a 4.7 percent increase at Maggiano’s
• Cash flows provided by operating activities were $70.0 million and capital expenditures totaled $31.8 million for the first six months of fiscal 2011