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Brinker International, Inc. Message Board

  • ImitationClass ImitationClass Jan 26, 1999 8:36 AM Flag

    Slop, great quarter all around for Brink

    I thought you said On The Border was down double digits-they
    ended up down less than 1%--Great News there and alot better than what Don Pablos and the others are reporting.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I did say back in late Nov. that On the Border
      was having double digit negative SSS. I report what I
      hear. They must have had a huge menu price increase.
      That will inflate the numbers every time. Not sure
      about that but I will check.

      So what was
      missing? No news on Maggiano's, Corner Bakery, or
      Cozymel's. Notice the projected store openings for Corner
      Bakery; there were 11 in the second qtr and there are
      only 3 projected for the 3rd qtr. Looks like someone
      opened the oven and the bread has fallen.

      Not
      surprised to see the zero projected openings for
      Maggiano's, those suckers are expensive to open and EAT has
      admitted they will not open them as aggresively as the
      other concepts. I wonder if they omitted Maggiano's
      sales number because they do not have good numbers to
      report - would make sense to beat your drum if you have
      a good drum to beat, right?

      Strong Chili's
      and Macaroni Grill numbers (what? I don't get credit
      for that Imitation - but you ding me on the On the
      Border numbers <grin>) As long as Chili's and
      Macaroni Grill keep forging ahead and On The Border pulls
      themselves up, EAT should have a very good year. Shrinking
      labor pool, increases in minimum wage and a few other
      external pressures could put a strain on the bottom line.
      And don't forget about those under performing
      concepts - they are not cheap to ditch unless they find a
      buyer.

      I think the trading range for EAT in the next six
      months will be $24 - $29 with all things constant.

      • 3 Replies to TXslopslinger
      • Eat can't be all bad. Bear likes them.

        http://biz.yahoo.com/c/99/01/27/u.html#u

      • quarters numbers. I will give you the fact that
        Corner Bakery
        has some problems-what does that
        represent 2% of company sales.
        I will take the good news
        on the other 98% any day. As far as
        Eatzis and
        Maggionos-I think they will do fine in the right locations-Im
        not worried about them and even if there are problems
        Chilis, Macoroni Grill and to a lessor extent
        On The
        Border will drive this company for the next 5
        years
        anyway. With other chains faltering and
        closing(Landrys,Lone
        Star,Boston Market etc) and limited capital available and

        few IPOs,I see Brinker doing extremely well for the
        next 5 years
        even if Corner Bakery doesnt work out.

      • ...for the next few days.

        As
        Washingtonians get their first look at an Eatzi's
        which
        opens tomorrow in suburban Rockville, Maryland.
        The
        Washington Post has written some interesting
        pre-opening
        comments which will certainly put the crowds
        into the
        store.

        This is an educated group here and there will be
        some
        inquiries as to who owns Eatzi's and and a clamour to

        own the stock. The fact that the Maggiano's ,
        Corner
        Bakery, and Macaroni Grill have been well received here

        as part of the company will

        IMHO

        cause
        many people to seek out and buy the stock.

        so
        we will see 29 again quite soon....
        then that
        "downhill slope" again
        into the early Spring.

 
EAT
59.46-1.07(-1.77%)Feb 27 4:05 PMEST

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