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Chili’s parent to boost prices higher than expected as supply chain and labor costs take a toll

Brinker International Inc. stock sank nearly 10% after the Chili’s parent preannounced fiscal first-quarter results that show labor, supply chain and commodity challenges are taking a toll.

Earnings per share are expected to be 28 cents per share, up from 23 cents last year. Adjusted EPS is expected to be 34 cents, below the FactSet consensus for 68 cents.

Revenue totaled $876.4 million, up from $740.1 million last year and just below the FactSet consensus for $876.8 million.

i think the Brinker Stock Dives As Rising Labor, Food Costs Cut Into Profits

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