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Brinker cuts revenue outlook amid slow traffic

Brinker International Inc. said its earnings rose 1.4% amid stronger margins, though the casual-dining company's sales at established stores were hurt by a decline in customer traffic during its latest quarter.

Shares fell 4% to $49.50 in recent premarket trading as revenue missed expectations and the owner of Chili's and Maggiano's cut its sales view for the fiscal year.

For the 12 months that began in late June and will include an extra week, Brinker cut its guidance for revenue growth by two percentage points and now expects an increase...


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