00:00Investors are sending mixed signals in the restaurant sector today.
00:03Kava shares are plunging, while Brinker, the parent company of Chili's, initially rose but have given up most of those gains.
00:10Kava cut its full-year forecast for same-store sales growth following a mixed second quarter.
00:15The fast-casual change still expects growth at restaurants open at least a year, but now only 4-6% growth.
00:22That's down from the prior 6-8% projection.
00:25In the second quarter, Kava managed a 2.1% increase in same-store sales, bucking a trend of declines at competitors like Chipotle, but investors aren't impressed.
00:36Brinker saw growth to comparable restaurant sales increase more than 21%, including a nearly 24% increase for Chili's.
00:44Earnings in revenue also topped expectations, and Brinker offered an upbeat 2026 forecast.
00:49So, at least as far as investors are concerned, Chili's Triple Dippers are in, and Kava's Build Your Own Bowls are out.
00:57That'll do it for your Daily Briefing.
00:58From New York City, I'm Caroline Woods with The Street.
