UPDATE 1-Chili's parent Brinker misses Wall Street revenue forecast
* Q2 adjusted EPS 50 cents, in line with Wall Street view
Chili's same-restaurant sales up 1 pct, Maggiano's 0.6 pct
* CEO says Brinker has won market share
Jan 22 (Reuters) - Chili's Grill & Bar parent Brinker International Inc on Tuesday reported quarterly sales at established restaurants that rose less than expected despite help from higher menu prices, lifting profit only modestly.
Revenue, including sales and franchise revenue, increased by 1.1 percent to $689.8 million during the period that ended on Dec. 26, just under the $693 million Wall Street analysts were expecting, according to Thomson Reuters I/B/E/S.
Sales at restaurants open at least 18 months rose 1 percent at Chili's and increased by 0.6 percent at Maggiano's in the quarter. Analysts polled by Consensus Metrix were looking for a 1.5 percent rise at Chili's and a gain of 0.7 percent at Maggiano's.
Still, it was the eighth straight quarter of sales gains for the restaurant operator.
Amid a challenging period for restaurants and retailers as consumers showed more caution in how they spend, Brinker Chief Executive Wyman Roberts said his company won market share during the quarter.
Customers gravitated to meals that are more profitable for Brinker even as Chili's and Maggiano's saw declines in the number of diners.
The chain's profit was helped by the higher menu pricing and better prices for produce and chicken, partly offset by unfavorable pork and beef prices and higher employee health insurance claims.
The Dallas-based company, which also owns the Maggiano's Little Italy chain, reported net income of $37.2 million, or 50 cents per share, for the fiscal second quarter. That compares with $35.7 million, or 44 cents per share, a year earlier.
Excluding other gains and charges, Brinker still made 50 cents per share, in line with Wall Street forecasts.