SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 28, 2022

The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:


	Thirteen Week Period Ended December 28, 2022
	Chili’s		Maggiano's		Corporate		Consolidated
Company sales	$	869.3	$	140.1	$	—	$	1,009.4
Franchise revenues	9.4		0.2		—		9.6
Total revenues	878.7		140.3		—		1,019.0

Food and beverage costs	253.7		35.7		—		289.4
Restaurant labor	292.3		42.3		—		334.6
Restaurant expenses	234.1		34.2		0.1		268.4
Depreciation and amortization	36.0		3.3		2.5		41.8
General and administrative	8.5		1.5		25.6		35.6
Other (gains) and charges	5.7		0.3		2.5		8.5
Total operating costs and expenses	830.3		117.3		30.7		978.3
Operating income (loss)	48.4		23.0		(30.7)		40.7
Interest expenses	0.9		0.1		12.9		13.9
Other income, net	—		—		(0.3)		(0.3)
Income (loss) before income taxes	$	47.5	$	22.9	$	(43.3)	$	27.1


	Thirteen Week Period Ended December 29, 2021
	Chili's(1)		Maggiano's		Corporate		Consolidated
Company sales(2)	$	798.4	$	117.4	$	—	$	915.8
Franchise revenues(2)	9.8		0.2		—		10.0
Total revenues	808.2		117.6		—		925.8

Food and beverage costs	224.8		28.0		—		252.8
Restaurant labor	277.6		37.8		—		315.4
Restaurant expenses	205.0		31.5		0.2		236.7
Depreciation and amortization	35.4		3.4		2.8		41.6
General and administrative	7.2		1.9		24.0		33.1
Other (gains) and charges	2.2		—		4.2		6.4
Total operating costs and expenses	752.2		102.6		31.2		886.0
Operating income (loss)	56.0		15.0		(31.2)		39.8
Interest expenses	1.4		0.1		9.7		11.2
Other income, net	(0.2)		—		(0.3)		(0.5)
Income (loss) before income taxes	$	54.8	$	14.9	$	(40.6)	$	29.1


	Twenty-Six Week Period Ended December 28, 2022
	Chili’s		Maggiano's		Corporate		Consolidated
Company sales	$	1,709.9	$	245.6	$	—	$	1,955.5
Franchise revenues	18.7		0.3		—		19.0
Total revenues	1,728.6		245.9		—		1,974.5

Food and beverage costs	514.6		64.3		—		578.9
Restaurant labor	586.7		78.5		—		665.2
Restaurant expenses	471.0		65.9		0.3		537.2
Depreciation and amortization	72.0		6.5		5.2		83.7
General and administrative	18.0		4.0		53.1		75.1
Other (gains) and charges	8.7		0.8		4.0		13.5
Total operating costs and expenses	1,671.0		220.0		62.6		1,953.6
Operating income (loss)	57.6		25.9		(62.6)		20.9
Interest expenses	1.9		0.2		24.1		26.2
Other income, net	—		—		(0.7)		(0.7)
Income (loss) before income taxes	$	55.7	$	25.7	$	(86.0)	$	(4.6)

Segment assets	$	2,128.5	$	230.0	$	161.1	$	2,519.6
Segment goodwill	156.4		38.4		—		194.8
Payments for property and equipment	85.1		6.1		4.1		95.3


	Twenty-Six Week Period Ended December 29, 2021
	Chili’s(1)		Maggiano's		Corporate		Consolidated
Company sales(2)	$	1,575.3	$	206.1	$	—	$	1,781.4
Franchise revenues(2)	20.5		0.3		—		20.8
Total revenues	1,595.8		206.4		—		1,802.2

Food and beverage costs	438.2		48.9		—		487.1
Restaurant labor	551.1		69.2		—		620.3
Restaurant expenses	409.6		58.1		0.3		468.0
Depreciation and amortization	68.4		6.8		5.7		80.9
General and administrative	15.2		3.9		50.5		69.6
Other (gains) and charges	5.0		0.2		5.7		10.9
Total operating costs and expenses	1,487.5		187.1		62.2		1,736.8
Operating income (loss)	108.3		19.3		(62.2)		65.4
Interest expenses	2.8		0.2		20.7		23.7
Other income, net	(0.3)		—		(0.5)		(0.8)
Income (loss) before income taxes	$	105.8	$	19.1	$	(82.4)	$	42.5

Payments for property and equipment	$	65.4	$	5.0	$	3.7	$	74.1

(1)Chili’s segment information includes the results of operations and the fair values of assets related to the 68 restaurants purchased from three former franchisees subsequent to the various acquisition dates during fiscal 2022. Refer to Note 14 - Fiscal 2022 Chili’s Restaurant Acquisitions for further details.

(2)Certain changes in presentation have been made to fiscal 2022 revenue amounts to enhance comparability to the fiscal 2023 presentation. These reclassifications have no effect on Total revenues or Net income previously reported. Refer to Note 1 - Basis of Presentation for further details.