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Chili's parent Brinker reports 16 pct rise in profit
April 23 |
April 23 (Reuters) - Chili's Grill & Bar parent Brinker International Inc reported a 16 percent rise in quarterly profit, helped by improved restaurant operating margins.
The Dallas-based company, which also owns the Maggiano's Little Italy chain, said net income rose to $52 million, or 71 cents per share, in the third quarter, from $44.9 million, or 56 cents per share, a year earlier.
Excluding items, Brinker earned 72 cents per share.
Revenue, including sales and franchise revenue, rose 0.1 percent to $742.8 million in the quarter ended March 27.
Sales at restaurants open at least 18 months fell 1.1 percent at Chili's and rose 0.4 percent at Maggiano's during the quarter.
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