Restaurant company Brinker International (NYSE:EAT) is the owner of restaurant chain Chili's Grill & Bar. The company's recently reported first-quarter results showed higher year-over-year sales.
Chili's may have tequila to thank for the increase in sales and for its business in general.
What Happened: Brinker International reported first-quarter revenue of $1.012 billion. Comparable sales were up 5.8% year-over-year in the quarter, leading to several price target increases from analysts.
Same-store sales for Chili's were up 6.1% year-over-year in the first quarter.
People who go to Chili's likely go there for a variety ...