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Restaurant chain operator

Brinker International

(EAT) - Get Brinker International Inc. Report

reported a jump in second-quarter profit Tuesday on an 11.6% increase in total sales.

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The company also guided third-quarter earnings in line with analysts' consensus. Shares were lately up $1.30, or 3.9%, at $34.91.

In the quarter ended Dec. 24, Brinker earned $44.1 million, or 45 cents a share, compared with $37.2 million, or 38 cents a share, in the previous-year quarter. The current quarter's earnings include the sale of Brinker's Cozymel restaurant chain and certain real estate gains from its Chili's restaurant chain.

On an adjusted basis, the company earned $43.9 million, or 45 cents a share, compared with $43.5 million, or 44 cents a share, in the same quarter of 2003. Analysts had been expecting 44 cents a share.

Revenue was $886.5 million, up from last year's $794.5 million. Brinker cited a 9.3% increase in capacity gains and a 2.3% increase in comparable store sales for all Brinker concepts, including Chili's, On The Border, Macaroni Grill and Maggiano's.

The Dallas-based company's estimate for third-quarter earnings is 51 cents to 53 cents a share, based on capacity growth expectations of 8% to 9% and flat to positive 2% comparable store sales. Analysts' consensus is for a profit of 52 cents a share.