EAT - Brinker International: Improving Trends Are Showing

2024-04-12 12:59:11 ET

Summary

• Brinker International has seen a rebound in its stock after implementing menu changes, improving footfall traffic, and increasing operating efficiency.
• The company's last quarter earnings showed better than expected margins and positive traffic growth in its core business.
• Chili's current quarter traffic growth is expected to gain momentum.
• Valuations are cheap for the current broader market.

Brinker International ( EAT ) has returned about 8% YTD, just a touch below the S&P 500's 9% growth. The company has started to turnaround its business after its stock slumped during 2021-2022. Improving footfall traffic, menu changes and increased operating efficiency have led the stock to rebound....

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