Improved margins and cost cuts help offset slow sales at Chili’s
Brinker International Inc. more than doubled its second-quarter net income with stronger margins and lower costs, though sales at its flagship Chili’s Grill & Bar continued to lag. Brinker, which also owns Maggiano’s Little Italy, reported net income of $37.5 million, or 41 cents a share, in the quarter ended Dec. 29, compared with year-ago earnings of $18.3 million, or 18 cents a share. After backing out restructuring and restaurant-closing expenses, per-share earnings from ...
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Contact: Desiree Torres Desiree.Torres@penton.com