Reported about 2 months ago
Chili's parent company, Brinker International, faced a significant stock decline after missing earnings expectations, but the restaurant chain reported impressive sales growth of 14.8%, outperforming predictions. The CEO highlighted the effectiveness of recent value-focused marketing strategies, including a popular $10.99 burger deal, which helped draw customers away from fast-food competitors. Analysts are optimistic about Brinker's future, seeing the current stock dip as a buying opportunity amid strong underlying sales trends.
Source: YAHOO