Enter multiple symbols separated by commas

Brinker International Reports Lower Same-Store Sales

Brinker International said after U.S. markets closed Wednesday that sales at restaurants open at least 18 months fell 4.9% for the four weeks ended Feb. 28, hurt in part by unfavorable weather.

Brinker shares declined marginally on the news .

The decline came against a 1.1% rise in sales for the same month a year earlier. It also marked the 12th straight month of same-store sales decreases for Brinker, following a 4.5% drop in sales for January.

Same-store sales, a key retail measure, were off 5.1% at its flagship Chili's restaurants, and down 4.1% at Romano's Macaroni Grill, the company said in a statement.

The On The Border chain posted a 5.5% drop in same-store sales, while Maggiano's had a 4.1% decline.

Brinker's stock is up about 19% over the past year.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • CNBC update: Oldest human body part

    President Obama became the first sitting President to visit Kenya and Ethiopia; Joyce Mitchell has pleaded guilty to helping two prison inmates escape; and archaeology students in France have discovered what seems to be the oldest human body part ever found, reports CNBC's Sue Herera.

  • FMHR portfolio: Trader out of BP, in on MPC

    JIm Lebenthal of Lebenthal Asset Management, explains his move out of BP and into Marathon Petroleum.

  • Baidu CEO Robin Li on China

    Robin Li, Baidu's CEO, spoke about investing in China at last week's DCM Ventures CEO Summit in San Francisco.