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Why Brinker International Stock Is Falling Today

TheMotleyFool

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Why Brinker International Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of Brinker International (NYSE: EAT) were falling 5% in midday trading Wednesday after the owner of the Chili's and Maggiano's Little Italy restaurant chains provided a business update for its fiscal 2022 first quarter.

The restaurant operator said a surge in new COVID-19 cases that began in August, along with higher labor and commodity costs, were eating into its profits, causing margins to narrow.

Image source: Getty Images.

Source Fool.com

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