Chili's Parent Brinker International's Stock Dips As Rising Costs Eat Into Earnings
EATBrinker International(EAT) Investopedia·2024-08-14 23:22

Key TakeawaysBrinker International shares sank in intraday trading Wednesday after it missed fourth-quarter earnings estimates and its full-year guidance fell short as expenses rose.The parent of Chili's and Maggiano's reported operating costs and expenses were up 11.7% year-over-year.Brinker posted better-than-expected revenue and same-store sales. Brinker International (EAT) shares sank in intraday trading Wednesday after rising costs took a bite out of the the restaurant chain operator's profit and earni ...