SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 29, 2022

Schedule of Segment Reporting Information, by Segment

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


	Fiscal Year Ended June 29, 2022
	Chili’s(1)		Maggiano’s		Other		Consolidated
Company sales	$	3,305.4	$	406.7	$	—	$	3,712.1
Royalties	34.0		0.4		—		34.4
Franchise fees and other revenues	40.2		17.4		—		57.6
Franchise and other revenues	74.2		17.8		—		92.0
Total revenues	3,379.6		424.5		—		3,804.1

Food and beverage costs	945.9		102.6		—		1,048.5
Restaurant labor	1,146.5		141.6		—		1,288.1
Restaurant expenses	849.8		117.9		0.6		968.3
Depreciation and amortization	139.8		13.4		11.2		164.4
General and administrative	33.3		8.0		102.8		144.1
Other (gains) and charges	23.3		—		7.9		31.2
Total operating costs and expenses	3,138.6		383.5		122.5		3,644.6
Operating income (loss)	241.0		41.0		(122.5)		159.5
Interest expenses	5.1		0.4		40.6		46.1
Other income, net	(0.3)		—		(1.5)		(1.8)
Income (loss) before income taxes	$	236.2	$	40.6	$	(161.6)	$	115.2

Segment assets	$	2,116.7	$	223.6	$	144.1	$	2,484.4
Payments for property and equipment	133.7		9.1		7.5		150.3


	Fiscal Year Ended June 30, 2021(2)
	Chili’s		Maggiano’s		Other		Consolidated
Company sales	$	3,005.7	$	273.3	$	—	$	3,279.0
Royalties	30.3		0.2		—		30.5
Franchise fees and other revenues	23.9		4.4		—		28.3
Franchise and other revenues	54.2		4.6		—		58.8
Total revenues	3,059.9		277.9		—		3,337.8

Food and beverage costs	803.5		64.3		—		867.8
Restaurant labor	1,014.2		94.0		—		1,108.2
Restaurant expenses	765.6		92.1		0.8		858.5
Depreciation and amortization	124.3		13.8		12.1		150.2
General and administrative	27.4		5.8		101.6		134.8
Other (gains) and charges	12.7		1.4		4.9		19.0
Total operating costs and expenses	2,747.7		271.4		119.4		3,138.5
Operating income (loss)	312.2		6.5		(119.4)		199.3
Interest expenses	5.6		0.2		50.4		56.2
Other income, net	(0.5)		—		(1.6)		(2.1)
Income (loss) before income taxes	$	307.1	$	6.3	$	(168.2)	$	145.2

Segment assets	$	1,911.8	$	223.2	$	139.9	$	2,274.9
Payments for property and equipment	82.9		2.6		8.5		94.0


	Fiscal Year Ended June 24, 2020
	Chili’s(3)		Maggiano’s		Other		Consolidated
Company sales	$	2,673.5	$	331.4	$	—	$	3,004.9
Royalties	33.7		0.2		—		33.9
Franchise fees and other revenues	24.5		15.2		—		39.7
Franchise and other revenues	58.2		15.4		—		73.6
Total revenues	2,731.7		346.8		—		3,078.5

Food and beverage costs	718.7		79.9		—		798.6
Restaurant labor	920.8		124.7		—		1,045.5
Restaurant expenses	723.7		101.5		0.6		825.8
Depreciation and amortization	133.9		15.4		13.0		162.3
General and administrative	32.1		5.7		98.5		136.3
Other (gains) and charges(2)	35.3		6.8		5.3		47.4
Total operating costs and expenses	2,564.5		334.0		117.4		3,015.9
Operating income (loss)	167.2		12.8		(117.4)		62.6
Interest expenses	4.6		—		55.0		59.6
Other income, net	(0.6)		—		(1.3)		(1.9)
Income (loss) before income taxes	$	163.2	$	12.8	$	(171.1)	$	4.9

Payments for property and equipment	$	88.2	$	8.1	$	8.2	$	104.5

(1)Chili’s segment information for fiscal 2022 includes the results of operations and the fair values of assets related to the 68 restaurants purchased from three former franchisees subsequent to the acquisition dates. Refer to Note 2 - Chili's Restaurant Acquisitions for further details.

(2)Fiscal 2021, which ended on June 30, 2021, contained 53 weeks. The impact of the 53rd week in fiscal 2021 resulted in an increase in Total revenues. While certain expenses increased in direct relationship to additional revenues from the 53rd week, other expenses, such as fixed costs, are incurred on a calendar month basis.

(3)Chili’s segment information for fiscal 2020 includes the results of operations related to the 116 restaurants purchased from a former franchisee subsequent to the September 5, 2019 acquisition date. Refer to Note 2 - Chili's Restaurant Acquisitions for further details.