Shares of Brinker International (NYSE:EAT) went on a bit of a roller-coaster ride on Wednesday - along with the rest of the market - after its morning release of fiscal Q2 results. The report was a bit of a split decision, to use a boxing term: EPS of $0.78 did beat analyst estimates, but company-wide comps of -2.6% came in below expectations, and restaurant-level margins fell 30 bps year-over-year.
That said, there wasn't really much of a surprise in the report. Brinker, like most of its casual dining peers, has seen comp pressure for some time, with causes ranging from the continued growth of "fast casual" to lower consumer interest in chain outlets of any sort.
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