Brinker International (NYSE: EAT) is a casual dining restaurant company that owns and operates the Chili's Grill and Bar and Maggiano's Little Italy brands. Revenue comes from two streams: direct company-owned restaurant sales and franchise revenues, which include initial franchise fees, development fees, and ongoing royalties based on franchisee gross sales. As of June 25, 2025, Brinker had 18 active international development arrangements, with 30 new international locations opened during fiscal 2025. The company's income statement for fiscal years ended June 25, 2025, and prior periods shows company sales as the dominant revenue line, with franchise revenues as a secondary stream. Core menu offerings at Chili's include burgers, fajitas, Chicken Crispers, margaritas, and the Triple Dipper. A value platform called '3 for Me' starts at $10.99. General and administrative expenses rose to $222.0 million in the fiscal year ended June 25, 2025, up from $183.7 million in fiscal year ended June 26, 2024. Depreciation and amortization increased to $206.6 million in fiscal year ended June 25, 2025, from $170.8 million in fiscal year ended June 26, 2024.

Revenue model

Company-owned restaurant sales (transactional, dine-in and off-premise) plus franchise revenues consisting of initial franchise fees, development fees, and royalties based on franchisee gross sales.

Products and services

Chili's Grill and Bar casual dining restaurants featuring burgers, fajitas, Chicken Crispers, margaritas, and Triple Dipper; '3 for Me' value meal platform starting at $10.99. Maggiano's Little Italy full-service Italian dining. Domestic and international franchise agreements including development fees, initial franchise fees, and ongoing royalties.

Customers and end markets

Retail dining consumers seeking casual sit-down and off-premise meals. Franchise partners, including multi-unit restaurant operators with proven track records, serving as the customer base for franchise revenue. International franchise partners across markets covered by 18 active development arrangements as of June 25, 2025.

Value-chain role

Restaurant owner-operator and franchisor. Brinker directly operates company-owned Chili's and Maggiano's restaurants and collects royalty and fee income from domestic and international franchisees.

Geographic exposure

Primarily domestic company-owned restaurants. International presence through franchise development arrangements; 30 new international franchise locations opened in fiscal year ended June 25, 2025, with 18 active international development arrangements as of June 25, 2025.

Source: SEC 10-K, filed 2025-08-15

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