DALLAS, Nov. 1, 2017 /PRNewswire/ -- Brinker
International, Inc. (NYSE: EAT) today announced results for the
fiscal first quarter ended Sept. 27,
2017.
Highlights include the following:
- On a GAAP basis, earnings per diluted share were $0.20 for the first quarter of fiscal 2018
representing a 52.4 percent decrease from $0.42 in the first quarter of fiscal 2017
- Earnings per diluted share, excluding special items, were
$0.42 for the first quarter of fiscal
2018 representing a 14.3 percent decrease from $0.49 in the first quarter of fiscal 2017 (see
non-GAAP reconciliation below)
- Brinker International's total revenues were $739.4 million in the first quarter of fiscal
2018 decreasing 2.5 percent compared to the first quarter of fiscal
2017, and company sales were $716.9
million in the first quarter of fiscal 2018 decreasing 2.8
percent compared to the first quarter of fiscal 2017
- Hurricane Harvey and Hurricane Irma negatively impacted Brinker
International's company sales by approximately $5.4 million and earnings per diluted share by
approximately $0.03 in the first
quarter of fiscal 2018
- Chili's company-owned comparable restaurant sales decreased 3.4
percent in the first quarter of fiscal 2018 compared to the first
quarter of fiscal 2017. Chili's U.S. franchise comparable
restaurant sales decreased 1.7 percent in the first quarter of
fiscal 2018 compared to the first quarter of fiscal 2017
- Maggiano's comparable restaurant sales decreased 2.6 percent in
the first quarter of fiscal 2018 compared to the first quarter of
fiscal 2017
- Chili's international franchise comparable restaurant sales
decreased 7.9 percent in the first quarter of fiscal 2018 compared
to the first quarter of fiscal 2017
- Operating income, as a percent of total revenues, was 3.9
percent for the first quarter of fiscal 2018 compared to 5.5
percent for the first quarter of fiscal 2017 representing a
decrease of approximately 160 basis points
- Restaurant operating margin, as a percent of company
sales, was 12.6 percent for the first quarter of fiscal 2018
compared to 13.3 percent for the first quarter of fiscal 2017
representing a decrease of approximately 70 basis points (see
non-GAAP reconciliation below)
- For the first quarter of fiscal 2018, cash flows provided by
operating activities were $50.2
million and capital expenditures totaled $22.5 million. Free cash flow was $27.7 million (see non-GAAP reconciliation
below)
"As anticipated, our first quarter was challenging including
unique weather events," said Wyman
Roberts, chief executive officer and president. "However,
late in the quarter, we successfully introduced our new menu and
implemented our operational focus on speed. We believe both are
fundamental to driving improved traffic at Chili's."
Table 1: Q1
comparable restaurant sales1
|
Company-owned,
reported brands and franchise; percentage
|
|
|
Q1
18
|
|
Q1
17
|
Brinker
International
|
(3.3)
|
|
|
(1.3)
|
|
Chili's
Company-Owned
|
|
|
|
Comparable Restaurant
Sales
|
(3.4)
|
|
|
(1.4)
|
|
Pricing Impact
|
2.8
|
|
|
1.2
|
|
Mix-Shift2
|
2.5
|
|
|
1.5
|
|
Traffic
|
(8.7)
|
|
|
(4.1)
|
|
Maggiano's
|
|
|
|
Comparable Restaurant
Sales
|
(2.6)
|
|
|
(0.6)
|
|
Pricing Impact
|
0.1
|
|
|
2.3
|
|
Mix-Shift2
|
0.1
|
|
|
(1.3)
|
|
Traffic
|
(2.8)
|
|
|
(1.6)
|
|
|
|
|
|
Chili's
Franchise3
|
(4.1)
|
|
|
(0.6)
|
|
U.S.
Comparable Restaurant Sales
|
(1.7)
|
|
|
(1.6)
|
|
International
Comparable Restaurant Sales
|
(7.9)
|
|
|
0.9
|
|
|
|
|
|
Chili's
Domestic4
|
(3.0)
|
|
|
(1.3)
|
|
System-wide5
|
(3.5)
|
|
|
(1.1)
|
|
|
|
|
1
|
|
Comparable restaurant
sales includes all restaurants that have been in operation for more
than 18 months. Restaurants temporarily closed 14 days or more are
excluded from comparable restaurant sales.
|
2
|
|
Mix-shift is
calculated as the year-over-year percentage change in company sales
resulting from the change in menu items ordered by
guests.
|
3
|
|
Revenues generated by
franchisees are not included in revenues on the consolidated
statements of comprehensive income; however, we generate royalty
revenue and advertising fees based on franchisee revenues, where
applicable. We believe including franchise comparable restaurant
sales provides investors information regarding brand performance
that is relevant to current operations and may impact future
restaurant development.
|
4
|
|
Chili's Domestic
comparable restaurant sales percentages are derived from sales
generated by company-owned and franchise-operated Chili's
restaurants in the United States.
|
5
|
|
System-wide
comparable restaurant sales are derived from sales generated by
company-owned Chili's and Maggiano's restaurants in addition to the
sales generated at franchise-operated Chili's
restaurants.
|
Quarterly Operating Performance
CHILI'S first quarter
company sales decreased 3.2 percent to $627.6 million from $648.6
million in the prior year primarily due to a decline in
comparable restaurant sales including the impact of temporary
restaurant closures associated with Hurricanes Harvey and Irma. As
compared to the prior year, Chili's restaurant operating
margin1 declined. Restaurant labor, as a percent of
company sales, increased compared to the prior year due to higher
wage rates and sales deleverage. Restaurant expenses, as a percent
of company sales, decreased due to lower advertising and repairs
and maintenance expenses, partially offset by sales deleverage.
Cost of sales, as a percent of company sales, remained flat
compared to the prior year.
MAGGIANO'S first quarter company sales increased 0.6 percent to
$89.3 million from $88.8 million in the prior year primarily due to
an increase in restaurant capacity, partially offset by a decrease
in comparable restaurant sales including the impact of temporary
restaurant closures associated with Hurricanes Harvey and Irma. As
compared to the prior year, Maggiano's restaurant operating
margin1 declined. Cost of sales, as a percent of company
sales, was negatively impacted by unfavorable menu item mix and
commodity pricing, partially offset by increased menu pricing.
Restaurant labor, as a percent of company sales, increased compared
to prior year due to higher wage rates, partially offset by lower
incentive bonuses. Restaurant expenses, as a percent of company
sales, decreased primarily due to lower repairs and maintenance
expenses.
1Restaurant operating margin is defined as Company
sales less Cost of sales, Restaurant labor and Restaurant expenses
and excludes Depreciation and amortization expenses. (See non-GAAP
reconciliation below)
FRANCHISE AND OTHER revenues increased 6.2 percent to
$22.4 million for the first quarter
of fiscal 2018 compared to $21.1
million in the prior year first quarter primarily due to
higher gift card related revenues.
Other
Depreciation and amortization expense decreased
$0.4 million for the current quarter
compared to the first quarter of fiscal 2017 primarily due to an
increase in fully-depreciated assets and restaurant closures,
partially offset by depreciation on asset replacements and new
restaurant openings.
General and administrative expense decreased $0.2 million for the current quarter compared to
the first quarter of fiscal 2017 primarily due to lower
compensation-related expenses, partially offset by higher
professional fees.
On a GAAP basis, the effective income tax rate increased to 34.8
percent in the current quarter from 29.5 percent in the first
quarter of fiscal 2017. In the first quarter of fiscal 2018,
we adopted an accounting standard (ASU 2016-09) related to employee
share-based payments that requires the recognition of excess tax
benefits and tax deficiencies resulting from the settlement of
those awards in the provision for income taxes in the consolidated
statements of comprehensive income. The increase in the GAAP
basis effective tax rate in the current quarter was primarily due
to a tax deficiency related to share-based payments, partially
offset by lower profits in the current quarter compared to the
first quarter of 2017. Excluding the impact of special items, which
includes the adoption of the accounting standard, the effective
income tax rate decreased to 28.0 percent in the current quarter
compared to 30.9 percent in the first quarter of fiscal 2017
primarily due to lower profits.
Non-GAAP Measures
Brinker management uses certain
non-GAAP measures in analyzing operating performance and believes
that the presentation of these measures in this release provides
investors with information that is beneficial to gaining an
understanding of the company's operating results. Non-GAAP
disclosures should not be viewed as a substitute for operating
results determined in accordance with GAAP, nor are they
necessarily comparable to non-GAAP performance measures that may be
presented by other companies. Reconciliations of these
non-GAAP measures are included in the tables below.
Table 2:
Reconciliation of net income excluding special items
|
Q1 18 and Q1 17; $
millions and $ per diluted share
|
|
Brinker believes
excluding special items from its financial results provides
investors with a clearer perspective of the company's ongoing
operating performance and a more relevant comparison to prior
period results.
|
|
|
|
Q1
18
|
|
EPS Q1
18
|
|
Q1
17
|
|
EPS Q1
17
|
Net Income
|
|
$
|
9.9
|
|
|
$
|
0.20
|
|
|
$
|
23.2
|
|
|
$
|
0.42
|
|
Special
items1
|
|
13.2
|
|
|
0.27
|
|
|
6.1
|
|
|
0.11
|
|
Income tax effect
related to special items
|
|
(4.3)
|
|
|
(0.08)
|
|
|
(2.3)
|
|
|
(0.04)
|
|
Special items, net of
taxes
|
|
8.9
|
|
|
0.19
|
|
|
3.8
|
|
|
0.07
|
|
Adjustment for tax
items2
|
|
1.6
|
|
|
0.03
|
|
|
—
|
|
|
—
|
|
Net Income excluding
special items
|
|
$
|
20.4
|
|
|
$
|
0.42
|
|
|
$
|
27.0
|
|
|
$
|
0.49
|
|
|
|
|
1
|
|
See footnote "b" to
the consolidated statements of comprehensive income for additional
details on the composition of these amounts.
|
2
|
|
Amounts resulting
from the recognition of tax deficiencies from the settlement of
stock-based compensation awards in the provision for income
taxes.
|
Table 3:
Reconciliation of restaurant operating margin
|
Q1 18 and Q1 17; $
millions
|
|
Restaurant operating
margin is not a measurement determined in accordance with GAAP and
should not be considered in isolation, or as an alternative to
operating income as an indicator of financial performance.
Restaurant operating margin is widely regarded in the industry as a
useful metric by which to evaluate restaurant-level operating
efficiency and performance of ongoing restaurant-level
operations. We define restaurant operating margin as Company
sales less Company restaurant expenses, including Cost of sales,
Restaurant labor and Restaurant expenses. Restaurant expenses
includes advertising expense. We believe this metric provides a
more useful comparison between periods and enables investors to
focus on the performance of restaurant-level operations by
excluding revenues not related to food and beverage sales at
company-owned restaurants, corporate general and administrative
expense, depreciation and amortization, and other gains and
charges.
|
|
Restaurant operating
margin excludes Franchise and other revenues which are earned
primarily from franchise royalties and other non-food and beverage
revenue streams such as banquet service charges, digital
entertainment revenues and gift card breakage.
Depreciation and amortization expense, substantially all of which
is related to restaurant-level assets, is excluded because such
expenses represent historical costs which do not reflect current
cash outlays for the restaurants. General and administrative
expense includes primarily non-restaurant-level costs associated
with support of the restaurants and other activities at our
corporate offices and is therefore excluded. We believe that
excluding special items, included within Other gains and charges,
from restaurant operating margin provides investors with a clearer
perspective of the Company's ongoing operating performance and a
more useful comparison to prior period results. Restaurant
operating margin as presented may not be comparable to other
similarly titled measures of other companies in our
industry.
|
|
|
|
Q1
18
|
|
Q1
17
|
Operating income -
GAAP
|
|
$
|
28.6
|
|
|
$
|
41.5
|
|
Operating income as a
percent of total revenues
|
|
3.9
|
%
|
|
5.5
|
%
|
|
|
|
|
|
Operating
income
|
|
28.6
|
|
|
41.5
|
|
Less: Franchise
and other revenues
|
|
(22.4)
|
|
|
(21.1)
|
|
Plus:
Depreciation and amortization
|
|
38.5
|
|
|
38.9
|
|
General and administrative
|
|
32.2
|
|
|
32.5
|
|
Other gains and charges
|
|
13.2
|
|
|
6.1
|
|
Restaurant operating
margin - non-GAAP
|
|
$
|
90.1
|
|
|
$
|
97.9
|
|
Restaurant operating
margin as a percent of company sales
|
|
12.6
|
%
|
|
13.3
|
%
|
Table 4:
Reconciliation of free cash flow
|
Q1 18; $
millions
|
|
Brinker believes
presenting free cash flow provides a useful measure to evaluate the
cash flow available for reinvestment after considering the capital
requirements of our business operations.
|
|
|
|
Thirteen Week
Period
Ended Sept. 27, 2017
|
Cash flows provided
by operating activities - GAAP
|
|
$
|
50.2
|
|
Capital
expenditures
|
|
(22.5)
|
|
Free cash flow -
non-GAAP
|
|
$
|
27.7
|
|
Guidance Policy
Brinker provides annual guidance as it relates to comparable
restaurant sales, earnings per diluted share, excluding special
items, and other key line items in the statements of comprehensive
income and will only provide updates if there is a material change
versus the original guidance. We do not provide annual guidance as
it relates to US GAAP earnings per diluted share as we are unable
to reliably forecast special items such as restaurant impairments,
restaurant closures, reorganization charges and legal settlements
without unreasonable effort.
Webcast Information
Investors and interested parties are invited to listen to
today's conference call, as management will provide further details
of the quarter. The call will broadcast live on Brinker's website
at 9 a.m. CDT today (Nov. 1) -
http://investors.brinker.com/phoenix.zhtml?c=119205&p=irol-EventDetails&EventId=5263819
For those who are unable to listen to the live broadcast, a
replay of the call will be available shortly thereafter and will
remain on Brinker's website until the end of the day Nov. 29, 2017.
Additional financial information, including statements of income
which detail operations excluding special items, franchise and
other revenues, and comparable restaurant sales trends by brand, is
also available on Brinker's website under the Financial Information
section of the Investor tab.
Forward Calendar
- SEC Form 10-Q for the first quarter of fiscal 2018
filing on or before Nov. 6, 2017;
and
- Second quarter earnings release, before market opens,
Jan. 30, 2018.
About Brinker
Brinker International, Inc. is one of the world's leading casual
dining restaurant companies. Founded in 1975 and based in
Dallas, Texas, as of September 27, 2017, Brinker owned, operated, or
franchised 1,682 restaurants under the names Chili's®
Grill & Bar (1,630 restaurants) and Maggiano's Little
Italy® (52 restaurants).
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are based on our
current plans and expectations and involve risks and uncertainties
which could cause actual results to differ materially from our
historical results or from those projected in forward-looking
statements. These risks and uncertainties are, in many instances,
beyond our control. Such risks and uncertainties include, among
other things, general business and economic conditions, financial
and credit market conditions, litigation, reduced disposable
income, the impact of competition, the impact of mergers,
acquisitions, divestitures and other strategic transactions,
franchisee success, the seasonality of the company's business,
increased minimum wages, increased health care costs, adverse
weather conditions, loss of key management personnel, product
availability, actions of activist shareholders, terrorist acts,
consumer perception of food safety, changes in consumer taste,
health epidemics or pandemics, changes in demographic trends,
availability of employees, unfavorable publicity, the company's
ability to meet its business strategy plan, material weaknesses in
internal control over financial reporting, governmental
regulations, inflation, technology failures, and failure to protect
the security of data of our guests and teammates, as well as the
risks described under the caption "Risk Factors" in our Annual
Report on Form 10-K and future filings with the Securities and
Exchange Commission.
BRINKER
INTERNATIONAL, INC.
|
CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME
|
(In thousands,
except per share amounts)
|
(Unaudited)
|
|
|
Thirteen Week
Periods Ended
|
|
Sept. 27,
2017
|
|
Sept. 28,
2016
|
Revenues:
|
|
|
|
Company
sales
|
$
|
716,942
|
|
|
$
|
737,410
|
|
Franchise and other
revenues (a)
|
22,448
|
|
|
21,082
|
|
Total
revenues
|
739,390
|
|
|
758,492
|
|
Operating costs and
expenses:
|
|
|
|
Company restaurants
(excluding depreciation and amortization)
|
|
|
|
Cost of
sales
|
187,597
|
|
|
192,302
|
|
Restaurant
labor
|
251,075
|
|
|
250,570
|
|
Restaurant
expenses
|
188,129
|
|
|
196,643
|
|
Company restaurant
expenses
|
626,801
|
|
|
639,515
|
|
Depreciation and
amortization
|
38,520
|
|
|
38,886
|
|
General and
administrative
|
32,358
|
|
|
32,537
|
|
Other gains and
charges (b)
|
13,154
|
|
|
6,078
|
|
Total operating costs
and expenses
|
710,833
|
|
|
717,016
|
|
Operating
income
|
28,557
|
|
|
41,476
|
|
Interest
expense
|
13,884
|
|
|
8,809
|
|
Other, net
|
(476)
|
|
|
(299)
|
|
Income before
provision for income taxes
|
15,149
|
|
|
32,966
|
|
Provision for income
taxes
|
5,272
|
|
|
9,733
|
|
Net income
|
$
|
9,877
|
|
|
$
|
23,233
|
|
|
|
|
|
Basic net income per
share
|
$
|
0.20
|
|
|
$
|
0.42
|
|
|
|
|
|
Diluted net income
per share
|
$
|
0.20
|
|
|
$
|
0.42
|
|
|
|
|
|
Basic weighted
average shares outstanding
|
48,293
|
|
|
54,844
|
|
|
|
|
|
Diluted weighted
average shares outstanding
|
48,732
|
|
|
55,576
|
|
|
|
|
|
Other comprehensive
income (loss):
|
|
|
|
Foreign currency
translation adjustment (c)
|
$
|
1,537
|
|
|
$
|
(481)
|
|
Other comprehensive
income (loss)
|
1,537
|
|
|
(481)
|
|
Comprehensive
income
|
$
|
11,414
|
|
|
$
|
22,752
|
|
|
|
(a)
|
Franchise and other
revenues primarily includes royalties, development fees, franchise
fees, Maggiano's banquet service charge income, gift card breakage
and discounts, digital entertainment revenue, Chili's retail food
product royalties and delivery fee income.
|
(b)
|
Other gains and
charges include:
|
|
Thirteen Week
Periods Ended
|
|
Sept. 27,
2017
|
|
Sept. 28,
2016
|
Restaurant impairment
charges
|
$
|
7,159
|
|
|
$
|
—
|
|
Hurricane-related
costs
|
4,648
|
|
|
—
|
|
Accelerated
depreciation
|
483
|
|
|
—
|
|
Restaurant closure
charges
|
238
|
|
|
2,506
|
|
Loss on the sale of
assets, net
|
45
|
|
|
—
|
|
Information
technology restructuring
|
—
|
|
|
2,491
|
|
Other
|
581
|
|
|
1,081
|
|
|
$
|
13,154
|
|
|
$
|
6,078
|
|
|
|
(c)
|
The foreign currency
translation adjustment included in comprehensive income on the
consolidated statements of comprehensive income represents the
unrealized impact of translating the financial statements of the
Canadian restaurants and the Mexican joint venture from their
respective functional currencies to U.S. dollars. This amount is
not included in net income and would only be realized upon
disposition of the businesses.
|
BRINKER
INTERNATIONAL, INC.
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(In
thousands)
|
(Unaudited)
|
|
|
|
Sept. 27,
2017
|
|
June 28,
2017
|
|
|
|
|
|
ASSETS
|
|
|
|
|
Current
assets
|
|
$
|
140,876
|
|
|
$
|
144,325
|
|
Net property and
equipment (a)
|
|
974,825
|
|
|
1,000,614
|
|
Total other
assets
|
|
252,924
|
|
|
258,694
|
|
Total
assets
|
|
$
|
1,368,625
|
|
|
$
|
1,403,633
|
|
LIABILITIES AND
SHAREHOLDERS' DEFICIT
|
|
|
|
|
Current installments
of long-term debt
|
|
$
|
9,015
|
|
|
$
|
9,649
|
|
Other current
liabilities
|
|
405,347
|
|
|
426,712
|
|
Long-term debt, less
current installments
|
|
1,353,659
|
|
|
1,319,829
|
|
Other
liabilities
|
|
139,632
|
|
|
141,124
|
|
Total shareholders'
deficit
|
|
(539,028)
|
|
|
(493,681)
|
|
Total liabilities and
shareholders' deficit
|
|
$
|
1,368,625
|
|
|
$
|
1,403,633
|
|
|
|
(a)
|
At Sept. 27, 2017,
the company owned the land and buildings for 190 of the 1,003
company-owned restaurants. The net book values of the land totaled
$143.2 million and the buildings totaled $94.6 million associated
with these restaurants.
|
BRINKER
INTERNATIONAL, INC.
|
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
(In
thousands)
|
(Unaudited)
|
|
|
|
Thirteen Week
Periods Ended
|
|
|
Sept. 27,
2017
|
|
Sept. 28,
2016
|
Cash Flows From
Operating Activities:
|
|
|
|
|
Net income
|
|
$
|
9,877
|
|
|
$
|
23,233
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
Depreciation and
amortization
|
|
38,520
|
|
|
38,886
|
|
Stock-based
compensation
|
|
3,480
|
|
|
4,034
|
|
Restructure charges
and other impairments
|
|
9,019
|
|
|
5,150
|
|
Net loss on disposal
of assets
|
|
417
|
|
|
481
|
|
Changes in assets and
liabilities
|
|
(11,083)
|
|
|
(4,026)
|
|
Net cash provided by
operating activities
|
|
50,230
|
|
|
67,758
|
|
Cash Flows from
Investing Activities:
|
|
|
|
|
Payments for property
and equipment
|
|
(22,460)
|
|
|
(27,111)
|
|
Proceeds from sale of
assets
|
|
85
|
|
|
—
|
|
Net cash used in
investing activities
|
|
(22,375)
|
|
|
(27,111)
|
|
Cash Flows from
Financing Activities:
|
|
|
|
|
Borrowings on
revolving credit facility
|
|
110,000
|
|
|
70,000
|
|
Payments on revolving
credit facility
|
|
(77,000)
|
|
|
(83,000)
|
|
Purchases of treasury
stock
|
|
(41,718)
|
|
|
(349,963)
|
|
Payments of
dividends
|
|
(16,978)
|
|
|
(18,298)
|
|
Payments on long-term
debt
|
|
(2,514)
|
|
|
(890)
|
|
Proceeds from
issuances of treasury stock
|
|
245
|
|
|
3,396
|
|
Proceeds from
issuance of long-term debt
|
|
—
|
|
|
350,000
|
|
Payments for debt
issuance costs
|
|
—
|
|
|
(9,183)
|
|
Net cash used in
financing activities
|
|
(27,965)
|
|
|
(37,938)
|
|
Net change in cash
and cash equivalents
|
|
(110)
|
|
|
2,709
|
|
Cash and cash
equivalents at beginning of period
|
|
9,064
|
|
|
31,446
|
|
Cash and cash
equivalents at end of period
|
|
$
|
8,954
|
|
|
$
|
34,155
|
|
BRINKER
INTERNATIONAL, INC.
|
RESTAURANT
SUMMARY
|
|
|
|
First Quarter Openings
Fiscal 2018
|
|
Total Restaurants Sept. 27,
2017
|
|
Projected
Openings
Fiscal 2018
|
Company-owned
restaurants:
|
|
|
|
|
|
|
Chili's
domestic
|
|
1
|
|
|
937
|
|
|
5-6
|
|
Chili's
international
|
|
—
|
|
|
14
|
|
|
—
|
|
Maggiano's
|
|
1
|
|
|
52
|
|
|
1
|
|
Total
company-owned
|
|
2
|
|
|
1,003
|
|
|
6-7
|
|
|
|
|
|
|
|
|
Franchise
restaurants:
|
|
|
|
|
|
|
Chili's
domestic
|
|
3
|
|
|
315
|
|
|
6-8
|
|
Chili's
international
|
|
10
|
|
|
364
|
|
|
38-43
|
|
Total
franchise
|
|
13
|
|
|
679
|
|
|
44-51
|
|
|
|
|
|
|
|
|
Total
restaurants:
|
|
|
|
|
|
|
Chili's
domestic
|
|
4
|
|
|
1,252
|
|
|
11-14
|
|
Chili's
international
|
|
10
|
|
|
378
|
|
|
38-43
|
|
Maggiano's
|
|
1
|
|
|
52
|
|
|
1
|
|
Grand
total
|
|
15
|
|
|
1,682
|
|
|
50-58
|
|
View original
content:http://www.prnewswire.com/news-releases/brinker-international-reports-first-quarter-results-300546979.html
SOURCE Brinker International, Inc.