DALLAS Brinker International Inc., parent to Chili’s, Romano’s Macaroni Grill and other chains, on Tuesday cited high commodity costs and slowing sales for a 49-percent drop in fourth quarter profit. The company also said it is now looking to sell a majority interest in the 212-unit Macaroni Grill chain after previously discussing a sale of the entire brand. Analysts said the change would drop expected proceeds from around $350 million in previous estimates to about $155 million. The ...
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Contact: Desiree Torres Desiree.Torres@penton.com