SEGMENT INFORMATION (Tables)

9 Months Ended

Mar. 29, 2023

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


	Thirteen Week Period Ended March 29, 2023
	Chili’s		Maggiano's		Corporate		Consolidated
Company sales	$	953.2	$	119.7	$	—	$	1,072.9
Franchise revenues	10.2		0.1		—		10.3
Total revenues	963.4		119.8		—		1,083.2

Food and beverage costs	257.9		29.6		—		287.5
Restaurant labor	322.0		39.2		—		361.2
Restaurant expenses	247.5		33.1		0.3		280.9
Depreciation and amortization	36.7		3.3		2.5		42.5
General and administrative	8.8		2.0		29.8		40.6
Other (gains) and charges	2.2		0.4		3.7		6.3
Total operating costs and expenses	875.1		107.6		36.3		1,019.0
Operating income (loss)	88.3		12.2		(36.3)		64.2
Interest expenses	1.0		—		13.2		14.2
Other income, net	—		—		(0.6)		(0.6)
Income (loss) before income taxes	$	87.3	$	12.2	$	(48.9)	$	50.6


	Thirteen Week Period Ended March 30, 2022
	Chili's(1)		Maggiano's		Corporate		Consolidated
Company sales(2)	$	870.2	$	100.7	$	—	$	970.9
Franchise revenues(2)	9.4		0.1		—		9.5
Total revenues	879.6		100.8		—		980.4

Food and beverage costs	245.6		24.7		—		270.3
Restaurant labor	295.0		34.1		—		329.1
Restaurant expenses	215.2		28.7		0.2		244.1
Depreciation and amortization	35.9		3.4		2.9		42.2
General and administrative	9.5		2.3		27.4		39.2
Other (gains) and charges	5.2		—		0.9		6.1
Total operating costs and expenses	806.4		93.2		31.4		931.0
Operating income (loss)	73.2		7.6		(31.4)		49.4
Interest expenses	1.2		0.1		9.8		11.1
Other income, net	—		—		(0.4)		(0.4)
Income (loss) before income taxes	$	72.0	$	7.5	$	(40.8)	$	38.7


	Thirty-Nine Week Period Ended March 29, 2023
	Chili’s		Maggiano's		Corporate		Consolidated
Company sales	$	2,663.1	$	365.3	$	—	$	3,028.4
Franchise revenues	28.9		0.4		—		29.3
Total revenues	2,692.0		365.7		—		3,057.7

Food and beverage costs	772.5		93.9		—		866.4
Restaurant labor	908.7		117.7		—		1,026.4
Restaurant expenses	718.5		99.0		0.6		818.1
Depreciation and amortization	108.7		9.8		7.7		126.2
General and administrative	26.8		6.0		82.9		115.7
Other (gains) and charges	10.9		1.2		7.7		19.8
Total operating costs and expenses	2,546.1		327.6		98.9		2,972.6
Operating income (loss)	145.9		38.1		(98.9)		85.1
Interest expenses	2.9		0.2		37.3		40.4
Other income, net	—		—		(1.3)		(1.3)
Income (loss) before income taxes	$	143.0	$	37.9	$	(134.9)	$	46.0

Segment assets	$	2,116.8	$	227.2	$	134.1	$	2,478.1
Segment goodwill	156.4		38.4		—		194.8
Payments for property and equipment	119.4		10.7		6.5		136.6


	Thirty-Nine Week Period Ended March 30, 2022
	Chili’s(1)		Maggiano's		Corporate		Consolidated
Company sales(2)	$	2,445.5	$	306.8	$	—	$	2,752.3
Franchise revenues(2)	29.9		0.4		—		30.3
Total revenues	2,475.4		307.2		—		2,782.6

Food and beverage costs	683.8		73.6		—		757.4
Restaurant labor	846.1		103.3		—		949.4
Restaurant expenses	624.8		86.8		0.5		712.1
Depreciation and amortization	104.3		10.2		8.6		123.1
General and administrative	24.7		6.2		77.9		108.8
Other (gains) and charges	10.2		0.2		6.6		17.0
Total operating costs and expenses	2,293.9		280.3		93.6		2,667.8
Operating income (loss)	181.5		26.9		(93.6)		114.8
Interest expenses	4.0		0.3		30.5		34.8
Other income, net	(0.3)		—		(0.9)		(1.2)
Income (loss) before income taxes	$	177.8	$	26.6	$	(123.2)	$	81.2

Payments for property and equipment	$	96.7	$	6.8	$	5.5	$	109.0

(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.