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Chili's parent Brinker reports 16 percent rise in profit

Tue Apr 23, 2013 7:59am EDT

(Reuters) - Chili's Grill & Bar parent Brinker International Inc (EAT.N) 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.

(Reporting by Lisa Baertlein in Los Angeles and Maria Ajit Thomas in Bangalore; Editing by Supriya Kurane)

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