brinker lowers quarterly, full-year profit view
Brinker lowers quarterly, full-year profit view September 9, 2004 4:31pm ET (Reuters)
LOS ANGELES, Sept 9 (Reuters) - Brinker International Inc. , parent of Chili's restaurant chain, on Thursday slashed its quarterly and full-year profit view after sales were hurt by Hurricanes Charley and Frances.
In a statement, Brinker said it expects to earn between 38 cents per share and 40 cents per share for its fiscal first quarter, down from a previous view of 45 cents to 47 cents a share.
For the year, earnings are expected to fall to between $2.14 per share and $2.26 per share excluding a one-time refranchising gain. The previous forecast was for earnings of $2.18 per share to $2.30 per share.
