1049 ET - Brinker International turned heads with massive comparable sales growth at Chili's Grill & Bar that Raymond James analyst Brian Vaccaro is calling "other worldly." The chain's comps were up 31% year-over-year, way above the already-high 20.5% consensus estimate of analysts polled by FactSet, and Vacarro's own forecast for 23%. The gains came from a nearly 20% jump in traffic and an unexpected 6.6% increase in mix, Vaccaro says. More details on the mysterious mix gain should come from management's call with analysts this morning. Shares climb 15% to $178. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 10:49 ET (15:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.