Brinker doubles 2Q profit on lower costs

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

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.