(Updates with stock price movement in the headline and first paragraph as well as raised guidance in the sixth paragraph.)
Brinker International (EAT) shares were up over 14% in recent Wednesday trading after the company reported fiscal Q2 earnings and revenue that beat consensus estimates.
The company reported fiscal Q2 non-GAAP earnings of $2.80 per diluted share, up from $0.99 a year earlier.
Analysts polled by FactSet expected $1.86.
Revenue for the fiscal quarter ended Dec. 25 was $1.36 billion, up from $1.07 billion a year earlier.
Analysts surveyed by FactSet expected $1.25 billion.
The company raised its fiscal 2025 outlook and now expects adjusted earnings in the range of $7.50 and $8 per diluted share on revenue of $5.15 billion to $5.25 billion. The company previously guided for adjusted earnings of $5.20 to $5.50 a share on revenue of $4.70 billion to $4.75 billion.
Analysts expect adjusted earnings of $6.44 and revenue of $4.9 billion.
Price: 176.65, Change: +22.04, Percent Change: +14.26