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Brinker International fiscal Q2 profit climbs YOY

Brinker International Inc. said its normalized net income for the fiscal second quarter ended Dec. 23, 2015, was 71 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.

EPS increased 10.3% year over year from 64 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $42.6 million, a gain from $41.9 million in the year-earlier period.

The normalized profit margin declined to 5.4% from 5.6% in the year-earlier period.

Total revenue increased 6.2% on an annual basis to $788.6 million from $742.9 million, and total operating expenses grew 6.6% from the prior-year period to $713.1 million from $669.1 million.

Reported net income grew 15.3% on an annual basis to $47.9 million, or 80 cents per share, from $41.6 million, or 64 cents per share.