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Delta COVID Cuts Into Brinker International, Inc. Results

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We called a bottom for Brinker International (NYSE: EAT) following the last earnings report but that was before the company caught COVID. The company missed the consensus estimate for calendar Q2 by a slim margin but produced a high 20% growth rate versus the two-years ago period. Along with that, the company widened its margins, greatly improved its profitability, and had itself on track to resume paying a dividend. Now, with Delta COVID cutting deeply into the results it looks like that thesis is in the dumper. As it stands, shares of Brinker International are trading at the lowest levels since late last year and could move lower it trends in the economy don't begin to change.

Brinker International shocked the stock market by issuing preliminary results that were much weaker than........

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