Brinker sales miss on costs

Investor's Business Daily

The operator of Chili's and Maggiano's restaurants said Q2 EPS rose 6% to 50 cents, in line with views. Sales rose 1% to $689.8 mil. Analysts expected $692.9 mil. Chili's comparable-restaurant sales rose 1%. It faced unfavorable pricing on beef and pork. Brinker Int'l (EAT) sees commodity inflation of about 2% in '13. Shares fell 2.4%. Chipotle Mexican Grill (CMG), which has struggled on slower sales and higher food prices, warned on profit last week.

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