Chili's parent Brinker reports higher profit as sales rise
Jan 22 (Reuters) - Chili's Grill & Bar parent Brinker International Inc on Tuesday reported a 4.2 percent increase in quarterly profit, as sales at established restaurants rose modestly at its two chains.
The Dallas-based company, which also owns the Maggiano's Little Italy chain, reported net income of $37.2 million, or 50 cents per share, for the fiscal second quarter ended Dec. 26. That compares with $35.7 million, or 44 cents per share a year earlier.
Revenue, including sales and franchise revenue, rose 1.1 percent to $689.8 million, just under the $693 million Wall Street analysts were expecting, according to Thomson Reuters I/B/E/S.
Sales at restaurants open at least 18 months rose 1 percent at Chili's and increased 0.6 percent at Maggiano's during the quarter. Analysts polled by Consensus Metrix were looking for a 1.5 percent rise at Chili's and a gain of 0.7 percent at Maggiano's.
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