DALLAS Brinker International Inc. has cut its first quarter and full-year earnings guidance and now expects annual per-share earnings to fall between 15 and 25 percent from a year earlier because of increased operating costs and slowed sales at all of the casual-dining giant’s chains. For the company’s first fiscal quarter ended Sept. 24, same-store sales fell 3 percent at Chili’s Grill and Bar, 3.3 percent each at On The Border and at Maggiano’s, and 9 percent at Macaroni Grill. ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!