Brinker's profit plummets 49% in 4th-Q

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

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.