The parent company of Chili’s and Maggiano’s Little Italy said that its top-line performance for the first quarter “fell short” of expectations.
Same-store sales at Chili’s domestic locations were fairly flat year over year, falling 1.1 percent during the quarter ended Sept. 23, Brinker International reported. Comp sales at its sister brand, Maggiano’s, fell 1.7 percent.
“We are moving aggressively to respond to competitive activity and return to positive sales and traffic,” said Brinker International CEO Wyman Roberts.
During Q1, the company acquired 103 Chili’s units from a franchisee in a deal totaling $106.5 million.
Total revenues for the company increased 7.2 percent year-over-year, to $762.6 million.
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