Brinker International Inc. (NYSE: EAT) stock is surging over 2.5% on strong volume after the company’s strong second-quarter earnings report. The company reported strong, 21.3% same-store sales growth for its Chili’s and Maggiano’s chains.
Overall revenue came in at $1.46 billion, a 20% year-over-year (YOY) increase. The news was even better on the bottom line with the company posting 54% YOY growth. The earnings beat underscores the company’s ability to maintain pricing power and drive traffic despite a more cost-conscious consumer.
