Brinker moves closer to Macaroni Grill sale as it reports drop in 1st-Q income

DALLAS Citing “significant progress” in finding a buyer for its Romano’s Macaroni Grill brand, Brinker International Inc. said it has moved beyond the exploration stage of a possible sale, to pursuing a divestiture within the next nine months.

 

The commitment to selling the Italian chain was disclosed in the casual-dining giant’s announcement Tuesday that net income for the first quarter ended Sept. 27 fell by 21.1 percent

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