Chili’s Outperforms Competitors Amid Improving Economy with Q2 Comps up 4.2 Percent
SEAFOODNEWS.COM [Nation's Restaurant News] By Jonathan Maze - January 29, 2015 -
Chili’s Grill & Bar’s domestic same-store sales rose 4.2 percent during its second quarter on increased traffic, its best quarterly performance in nearly three years, parent Brinker International Inc. reported Wednesday.
Parent Brinker beat expectations for net income, revenue and same-store sales. Net income rose 3.9 percent, to $41.3 million, from $39.7 million the previous year. Revenue rose 5.3 percent, to $742.9 million, from $705.7 million. Unit-level margin also increased, by 35 basis points, to 16.4 percent.
Chili’s sister brand Maggiano’s Little Italy reported its 20th straight quarter of same-store sales growth. Same-store sales at the 49-unit chain rose 2.3 percent during the quarter, partly due to 1.6-percent traffic growth.
Brinker is also generating sales by selling branded items at retail locations such as Walmart.
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