Dr Pepper, Brinker Down Following Earnings Reports
Solid earnings results from Brinker International Inc. (NYSE: EAT) and Dr Pepper Snapple Group Inc. (NYSE: DPS) this morning were not enough to please investors. The operator of the Chilis Grill & Bar and Maggiano’s restaurant chains posted adjusted earnings…
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The operator of the Chilis Grill & Bar and Maggiano’s restaurant chains posted adjusted earnings per share (EPS) of $0.37 on revenues of $683.5 million. In the same period a year ago, the company reported EPS of $0.30 on revenues of $668.40 million. The quarter’s results also compare to the Thomson Reuters consensus estimates for EPS of $0.38 and $679.60 million in revenues.
The company attributed growth to improved margins due to modernizing its systems, renovating restaurants and slashing costs.
The Texas-based beverage maker posted earnings of $0.79 per share and sales of $1.53 billion. In the year-ago period, the company reported EPS of $0.71 on $1.53 billion in revenue. The Thomson Reuters consensus estimates called for EPS of $0.77 and revenue of $1.56 billion.
The company stood by its full-year profit forecast of $2.90 to $2.98 per share, but now expects full-year net sales growth of 2%, compared with the prior forecast for growth near the lower end of its long-term range of 3% to 5%. Wall St. estimates call for EPS of $2.96 and $6.06 billion in revenues.
Brinker shares are down more than 2% in early trading to $32.58. The 52-week range is $21.83 to $36.24. Dr Pepper Snapple shares are down more than 2% in to $42.92, in a 52-week range of $34.65 to $45.85.
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
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Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
