Maggiano's Little Italy Turnaround is Taking Longer than Expected, Brinker CEO Says

Dow Jones
08/12

11:09 ET--Brinker International pulled off a successful turnaround of its Chili's chain, but results are more mixed across its Maggiano's Little Italy chain, where same-restaurant sales slipped 2.5% during the recent quarter. CEO Kevin Hochman says on a call with analysts Wednesday that the chain is seeing some green shoots, noting improvements across certain financial metrics and guest satisfaction scores. Overall, though, "the turnaround at Maggiano's has been mixed," he says. "We've made progress on operational and culinary improvements, but some of that progress has been offset by losses with our core guests from our prior strategy." While the turnaround is happening slower than expected, Hochman says the company has the right strategy in place to drive results in coming quarters.

 

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10