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Brinker Tops Earnings on Higher Traffic, Sales at Its Restaurants

Shares of Brinker are slipping in Wednesday trading after the restaurant chain operator reported mixed quarterly results.

Shares of Brinker slipped in Wednesday trading after the restaurant chain operator reported mixed quarterly results. Excluding items, Brinker earned $0.71 a share, topping analyst estimates of $0.69 a share, according to Thomson Reuters. Revenue rose by nearly 5% to $717.8 million, falling short of analyst expectations for revenue of $735.9 million. Brinker said the company's sales increase of 4.4% was primarily due to increases in comparable restaurant sales and restaurant capacity. Its Maggiano's chain saw quarterly sales that rose 7.5%, while Chili's company sales climbed 4.4%. Input costs, however, rose 4.6%, as the prices of beef, cheese, avocado and other items rose.

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