2024-02-01 05:04:44 ET
Summary
- I continue to give a hold rating despite early signs of growth recovery and margin improvements.
- Brinker International's recent results show revenue growth of 5.4% and improved margins, but further confirmation is needed before turning bullish.
- The performance of Chili's, EAT's largest revenue driver, and potential challenges from food cost inflation and weather-related issues should be monitored.
Overview
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Brinker International: Waiting For 1 Or 2 More Quarters To Confirm This Recovery Trend