Brinker Expects Chili's Same-Restaurant Sales to Keep Growing

Dow Jones10-28

1156 ET - Brinker International says its investments in marketing, operations and value are spinning a powerful flywheel, keeping guests coming to Chili's. "This steady approach is why the business will continue to win," CEO Kevin Hochman says on a call with analysts. The restaurant group is forecasting another quarter of positive same-restaurant sales. "We continue to convert new guests into regular guests, which means sustainable growth regardless of the prior year comp," Hochman says. And the company has "very strong commercial and operational plans" that will keep the flywheel spinning. "While it's clear the consumer is challenged, we feel we are positioned to continue to win in this environment through market share growth," Hochman says. Shares jump 16%.

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