XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.24.4

SEGMENT INFORMATION | 6 Months Ended
--- | ---
Dec. 25, 2024
Segment Reporting [Abstract] |
Segment Information | Our operating segments are Chili’s and Maggiano’s. The Chili’s segment includes the results of our Company-owned Chili’s restaurants, which are principally located in the United States, within the full-service casual dining segment of the industry. The Chili’s segment also includes results of our Canadian Company-owned restaurants and royalties and other fees from our franchised locations in the United States, 27 other countries and two United States territories. The Maggiano’s segment includes the results of our Company-owned Maggiano’s restaurants in the United States as well as royalties and other fees from our domestic franchise business. Costs related to our restaurant support teams for the Chili’s and Maggiano’s brands, including operations, finance, franchise, marketing, human resources and culinary innovation are included in the results of our operating segments. The Corporate segment includes costs related to the common and shared infrastructure, including accounting, information technology, purchasing, guest relations, legal and restaurant development. Company sales for each segment include revenues generated by the operation of Company-owned restaurants including food and beverage sales, net of discounts, Maggiano’s banquet service charge income, delivery service fee income, gift card breakage, digital entertainment revenues, merchandise income and are net of gift card discounts from third-party gift card sales. Franchise revenues for each operating segment include royalties, franchise advertising fees, franchise and development fees and gift card equalization. We do not rely on any major customers as a source of sales, and the customers and long-lived assets of our operating segments are predominantly located in the United States. There were no material transactions amongst our operating segments. Our chief operating decision maker uses Operating income as the measure for assessing performance of our segments. Operating income includes revenues and expenses directly attributable to segment-level results of operations. Restaurant expenses during the periods presented primarily include restaurant rent, repairs and maintenance, supplies, advertising, utilities, delivery fees, payment processing fees, to-go supplies, and workers’ compensation and general liability insurance. The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:
| Thirteen Week Period Ended December 25, 2024
| Chili's |  | Maggiano's |  | Corporate |  | Consolidated
Company sales | $ | 1,196.9 |  |  | $ | 149.2 |  |  | $ | — |  |  | $ | 1,346.1 |
Franchise revenues | 11.9 |  |  | 0.2 |  |  | — |  |  | 12.1 |
Total revenues | 1,208.8 |  |  | 149.4 |  |  | — |  |  | 1,358.2 |
Food and beverage costs | 310.1 |  |  | 33.8 |  |  | — |  |  | 343.9 |
Restaurant labor | 378.4 |  |  | 42.6 |  |  | — |  |  | 421.0 |
Restaurant expenses | 285.0 |  |  | 39.0 |  |  | 0.4 |  |  | 324.4 |
Depreciation and amortization | 41.8 |  |  | 3.4 |  |  | 2.5 |  |  | 47.7 |
General and administrative | 12.2 |  |  | 2.4 |  |  | 38.5 |  |  | 53.1 |
Other (gains) and charges | 6.2 |  |  | — |  |  | 5.9 |  |  | 12.1 |
Total operating costs and expenses | 1,033.7 |  |  | 121.2 |  |  | 47.3 |  |  | 1,202.2 |
Operating income (loss) | 175.1 |  |  | 28.2 |  |  | (47.3) |  |  | 156.0 |
Interest expenses | 1.6 |  |  | — |  |  | 13.1 |  |  | 14.7 |
Other income, net | — |  |  | — |  |  | (0.4) |  |  | (0.4) |
Income (loss) before income taxes | $ | 173.5 |  |  | $ | 28.2 |  |  | $ | (60.0) |  |  | $ | 141.7 |
| Thirteen Week Period Ended December 27, 2023
| Chili's |  | Maggiano's |  | Corporate |  | Consolidated
Company sales | $ | 916.9 |  |  | $ | 146.8 |  |  | $ | — |  |  | $ | 1,063.7 |
Franchise revenues | 10.3 |  |  | 0.1 |  |  | — |  |  | 10.4 |
Total revenues | 927.2 |  |  | 146.9 |  |  | — |  |  | 1,074.1 |
Food and beverage costs | 239.2 |  |  | 33.9 |  |  | — |  |  | 273.1 |
Restaurant labor | 313.0 |  |  | 43.1 |  |  | — |  |  | 356.1 |
Restaurant expenses | 258.3 |  |  | 36.2 |  |  | 0.2 |  |  | 294.7 |
Depreciation and amortization | 35.5 |  |  | 3.2 |  |  | 2.6 |  |  | 41.3 |
General and administrative | 10.2 |  |  | 2.1 |  |  | 30.9 |  |  | 43.2 |
Other (gains) and charges | 0.9 |  |  | 0.2 |  |  | 2.2 |  |  | 3.3 |
Total operating costs and expenses | 857.1 |  |  | 118.7 |  |  | 35.9 |  |  | 1,011.7 |
Operating income (loss) | 70.1 |  |  | 28.2 |  |  | (35.9) |  |  | 62.4 |
Interest expenses | 0.9 |  |  | — |  |  | 15.8 |  |  | 16.7 |
Other income, net | (0.1) |  |  | — |  |  | — |  |  | (0.1) |
Income (loss) before income taxes | $ | 69.3 |  |  | $ | 28.2 |  |  | $ | (51.7) |  |  | $ | 45.8 |
| Twenty-Six Week Period Ended December 25, 2024
| Chili’s |  | Maggiano's |  | Corporate |  | Consolidated
Company sales | $ | 2,215.8 |  |  | $ | 257.6 |  |  | $ | — |  |  | $ | 2,473.4 |
Franchise revenues | 23.4 |  |  | 0.4 |  |  | — |  |  | 23.8 |
Total revenues | 2,239.2 |  |  | 258.0 |  |  | — |  |  | 2,497.2 |
Food and beverage costs | 569.2 |  |  | 59.0 |  |  | — |  |  | 628.2 |
Restaurant labor | 720.0 |  |  | 78.4 |  |  | — |  |  | 798.4 |
Restaurant expenses | 565.6 |  |  | 72.0 |  |  | 0.7 |  |  | 638.3 |
Depreciation and amortization | 82.3 |  |  | 6.8 |  |  | 4.9 |  |  | 94.0 |
General and administrative | 24.0 |  |  | 5.4 |  |  | 75.5 |  |  | 104.9 |
Other (gains) and charges | 9.1 |  |  | 0.4 |  |  | 11.5 |  |  | 21.0 |
Total operating costs and expenses | 1,970.2 |  |  | 222.0 |  |  | 92.6 |  |  | 2,284.8 |
Operating income (loss) | 269.0 |  |  | 36.0 |  |  | (92.6) |  |  | 212.4 |
Interest expenses | 2.9 |  |  | 0.1 |  |  | 26.0 |  |  | 29.0 |
Other income, net | (0.1) |  |  | — |  |  | (0.5) |  |  | (0.6) |
Income (loss) before income taxes | $ | 266.2 |  |  | $ | 35.9 |  |  | $ | (118.1) |  |  | $ | 184.0 |
| Twenty-Six Week Period Ended December 27, 2023 |  |  |
| Chili’s |  | Maggiano's |  | Corporate |  | Consolidated |  |  |
Company sales | $ | 1,814.7 |  |  | $ | 251.0 |  |  | $ | — |  |  | $ | 2,065.7 |  |  |  |
Franchise revenues | 20.6 |  |  | 0.3 |  |  | — |  |  | 20.9 |  |  |  |
Total revenues | 1,835.3 |  |  | 251.3 |  |  | — |  |  | 2,086.6 |  |  |  |
Food and beverage costs | 472.3 |  |  | 59.6 |  |  | — |  |  | 531.9 |  |  |  |
Restaurant labor | 624.0 |  |  | 80.2 |  |  | — |  |  | 704.2 |  |  |  |
Restaurant expenses | 516.8 |  |  | 68.4 |  |  | 0.3 |  |  | 585.5 |  |  |  |
Depreciation and amortization | 71.7 |  |  | 6.4 |  |  | 5.1 |  |  | 83.2 |  |  |  |
General and administrative | 20.2 |  |  | 4.5 |  |  | 60.9 |  |  | 85.6 |  |  |  |
Other (gains) and charges | 4.6 |  |  | 0.4 |  |  | 4.6 |  |  | 9.6 |  |  |  |
Total operating costs and expenses | 1,709.6 |  |  | 219.5 |  |  | 70.9 |  |  | 2,000.0 |  |  |  |
Operating income (loss) | 125.7 |  |  | 31.8 |  |  | (70.9) |  |  | 86.6 |  |  |  |
Interest expenses | 1.7 |  |  | 0.1 |  |  | 31.9 |  |  | 33.7 |  |  |  |
Other income, net | (0.1) |  |  | — |  |  | — |  |  | (0.1) |  |  |  |
Income (loss) before income taxes | $ | 124.1 |  |  | $ | 31.7 |  |  | $ | (102.8) |  |  | $ | 53.0 |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration