Thu Aug 06 11:54:00 -0400 2009

Bloomberg.com (New York)

- Brinker International Inc., the owner of the Chili’s Bar & Grill and Maggiano’s restaurant chains, and Wendy’s/Arby’s Group Inc. posted sales that fell as diners ate at home more often.

“Last year there was a greater chance of getting a benefit from consumers trading down; now we’re seeing further belt- tightening,” said Tom Forte, an analyst with Telsey Advisory Group in New York. Forte has a 12-month price estimate of $17 to $19 for Brinker and $3 to $5 for Wendy’s/Arby’s.

To view the full article, download the PDF here: Bloomberg, August 6, 2009