SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 28, 2023

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


	Fiscal Year Ended June 28, 2023
	Chili’s		Maggiano's		Corporate		Consolidated
Company sales	$	3,606.7	$	486.5	$	—	$	4,093.2
Franchise revenues	39.4		0.6		—		40.0
Total revenues	3,646.1		487.1		—		4,133.2

Food and beverage costs	1,022.9		123.4		—		1,146.3
Restaurant labor	1,232.3		157.0		—		1,389.3
Restaurant expenses	966.2		130.4		0.9		1,097.5
Depreciation and amortization	145.3		13.0		10.2		168.5
General and administrative	35.5		7.8		111.2		154.5
Other (gains) and charges	22.0		1.4		9.3		32.7
Total operating costs and expenses	3,424.2		433.0		131.6		3,988.8
Operating income (loss)	221.9		54.1		(131.6)		144.4
Interest expenses	3.7		0.3		50.9		54.9
Other income, net	(0.1)		—		(1.2)		(1.3)
Income (loss) before income taxes	$	218.3	$	53.8	$	(181.3)	$	90.8

Segment assets	$	2,079.5	$	244.5	$	163.0	$	2,487.0
Payments for property and equipment	158.1		16.6		10.2		184.9


	Fiscal Year Ended June 29, 2022
	Chili's (1)		Maggiano's		Corporate		Consolidated
Company sales	$	3,340.5	$	424.0	$	—	$	3,764.5
Franchise revenues	39.1		0.5		—		39.6
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		Corporate		Consolidated
Company sales	$	3,023.7	$	277.6	$	—	$	3,301.3
Franchise revenues	36.2		0.3		—		36.5
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

Payments for property and equipment	$	82.9	$	2.6	$	8.5	$	94.0

(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 3 - 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.