BUZZ - Brink's raises annual performance outlook and reports strong financial results, stock price rises

October 28 - ** The stock price of the casual dining chain Brinker International (EAT.N) rose 5.7% in pre-market trading to $207.80

** The company raised its forecast for adjusted earnings per share for fiscal 2027 (link) to $13.30–$13.90, up from the previous estimate of $12.60–$13.40

** Revenue for fiscal 2027 is expected to be between $6.23 billion and $6.33 billion, higher than the previous expectation of $6.15 billion to $6.27 billion

** The company announced first quarter revenue and adjusted earnings per share of $1.48 billion and $2.77, both beating analysts' expectations of $1.46 billion and $2.45—according to London Stock Exchange Group (LSEG) data

** CEO Kevin Hochman said that strong performance was driven by industry-leading value, effective marketing, and continued investments, which attracted both new and returning customers

** Out of 23 brokerages, 20 rate the stock as “buy” or higher, while 3 rate it “hold”; the median target price is $275—LSEG data

** As of the previous trading day’s close, the stock is up 37.1% year-to-date

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