No matter how bad the economic numbers are and how much the market goes down in general, EAT is hanging on to a few cents gain almost everyday. Are sales really so good at Chili's and Maggiano?
sparse crowd in Chili's last night in Bristol. Two burgers, a draft and a mix drink $40. Burgers are small and meat is poor quality. Fries heavily salted. Very disappointing, and unlikely to revisit.
Foot traffic was up even with price increases (leading to 4.5% increase in comps), so demand is there.They closed 6 Chilis in the U.S. but opened the same number internationally; my question is what happens when they decide to open more restaurants in the U.S.?This Zacks article has what sounds like a glowing report and then comes up with a neutral on the stock. It's dated the 24th of April, so I bet they wish they would have bought.http://finance.yahoo.com/news/brinker-beats-comps-margins-120036442.html