Dallas / TX. (bi) Brinker International Inc. announced fourth quarter fiscal 2010 earnings per diluted share from continuing operations of 0,44 USD compared to 0,45 USD in the fourth quarter of fiscal 2009, before special items. For the full-year fiscal 2010, earnings per diluted share from continuing operations was 1,18 USD compared to 1,28 USD in the prior year, before special items and excluding Macaroni Grill. In 2010, the fourth quarter and fiscal year included an additional operating week compared to fiscal 2009.
On a GAAP basis, earnings per diluted share increased to 0,62 USD for the fourth quarter compared to 0,41 USD in the prior year. For the full-year fiscal 2010, earnings per diluted share increased to 1,34 USD from 0,77 USD in the prior year.
On June 30, 2010, the company completed the sale of On The Border Mexican Grill + Cantina(R) to OTB Acquisition LLC, an affiliate of Golden Gate Capital, for gross proceeds of approximately 180 million USD and recognized a gain of approximately 16,5 million USD.
Brinker reported fourth quarter revenues of 743,1 million USD compared to 742,1 million USD in the prior year (14-weeks vs, 13-weeks). The company experienced a 3,4 percent decrease in comparable restaurant sales in the fourth quarter of fiscal 2010. Revenues were positively affected by a net increase in capacity of 3,0 percent due to the impact of the 53rd week in fiscal 2010, partially offset by the sale of 21 restaurants to a franchisee and eleven restaurant closures since the fourth quarter of fiscal 2009. Royalty and franchise revenues were 16,7 million USD for the quarter.
Info: Brinker International Reports Fourth Quarter Fiscal 2010 EPS
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