Brinker rises after forecasting annual profit above estimates
BUZZ-Brinker rises after forecasting annual profit above estimates * Shares of casual dining chain Brinker International EAT.N up ~2% at $225 premarket
** Co forecasts annual profit above estimates, helped by continued investments in food quality, menu innovation and marketing to attract new customers
** Sees adjusted EPS in the range of $12.60 to $13.40 above estimates of $12.52 — according to data compiled by LSEG
** Expects annual total revenue to be in the range of $6.15 billion to $6.27 billion, midpoint of which is largely above analysts' estimates of $6.14 billion
** Q4 total revenues of $1.54 billion slightly above analysts' estimate of $1.53 billion, helped by strong traffic
**Q4 net income rose 22.5% to $131.1 million, missing estimate of $135.5 million
** As of last close, stock up 54% YTD
(Reporting by Koyena Das from Bengaluru)
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