Friday, October 30, 2015
Brinker shares punished despite higher revenue in first quarter 2016
Despite lower comparable sales at its restaurant concepts, Brinker International (NYSE: EAT) posted slightly higher revenue and income in first quarter fiscal year 2016.
The company, which owns the Chili’s Grill & Bar and Maggiano’s Little Italy concepts, posted a 0.5 percent net loss in comparable restaurant sales at all Chili’s locations system wide and a 1.7 percent dip at Maggiano’s.
Chili's Grill & Bar saw an 8.8 percent sales increase for the quarter.
Korri Kezar/Dallas Business Journal