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Market Update

Brinker Earnings Remain Strong

Favorable economy and improving sales keep restauranteur cooking.

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With a favorable economy and improving sales at its largest restaurant chains, Brinker International (EAT) maintains its strong growth in earnings.

Brinker International announced today that it served up its 11th consecutive quarter of earnings growth greater than 15%. It reported that earnings for its fiscal second quarter ended December 23 grew by 44% to $25.4 million, from $17.6 million a year ago. Earnings per share increased by 46% to $0.38, beating Wall Street estimates by $0.04.

Corey McElveen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.