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Brinker Doubles Profits on Maggiano's

Strength at Brinker's Maggiano's chain was attributed to improved customer traffic.

Elsewhere in the restaurant sector, McDonald's (MCD - Get Report) reported mixed fourth-quarter results early Monday morning.


McDonald's said it booked a 1.6% increase in fourth-quarter profits to $1.24 billion, or $1.16 per share. Revenue came in 4% higher year-over-year at $6.21 billion.

Excluding one-time items related to a license transaction in Latin America, adjusted earnings-per-share were $1.15, a penny below consensus estimates, and adjusted income was $1.22 billion, also below expectations.

McDonald's shares were 0.2% higher Tuesday morning after adding 0.5% in Monday's session.

" McDonald's results are not as impressive as a lot of people have been used to," noted RBC Capital Markets analyst Larry Miller. "We knew that weather was hurting them," he added, referring to adverse weather across the U.S. and in parts of Europe that hurt December sales.

McDonald's reported that global comps increased 5%, including 4.4% growth in the U.S., 3.4% in Europe and 5.5% in Asia/Pacific, Middle East and Africa (APMEA).

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