Brinker International, Inc. has recently released its 10-K report, revealing key insights into its business operations and financial performance. The company, headquartered in Dallas, Texas, is primarily engaged in the ownership, operation, development, and franchising of the casual dining restaurants Chili's Grill & Bar and Maggiano's Little Italy, as well as virtual brand It's Just Wings.
In the 10-K report, Brinker International's Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) provides a comprehensive overview of the company's performance. The report includes discussions on external trends impacting the business, results of operations, liquidity and capital resources, and critical accounting estimates. It compares the company's results in fiscal 2024 to fiscal 2023, offering a detailed analysis of its financial performance and the factors influencing it.
The report provides a breakdown of the company's revenues, operating costs, and expenses. For the fiscal year ended June 26, 2024, Brinker International reported total revenues of $4,415.1 million, with company sales accounting for $4,371.1 million and franchise revenues totaling $44.0 million. The company's operating costs and expenses, including food and beverage costs, restaurant labor, restaurant expenses, depreciation and amortization, general and administrative expenses, and other gains and charges, were detailed in the report.
The MD&A also delves into the company's segment results, providing a comprehensive analysis of the performance of its Chili's and Maggiano's segments. It includes a breakdown of the revenues, operating costs, and expenses for each segment, offering investors and stakeholders a detailed understanding of the individual performance of the company's restaurant brands.
Additionally, the report discusses the impact of external factors such as geopolitical and macroeconomic events on the company's operating environment. It highlights how these events have led to higher inflation on wages and food and beverage costs, as well as disruptions in the supply chain, which have impacted the company’s ability to obtain necessary products and potentially affected consumer spending.
Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $68.86. Check out the company's full 10-K submission here.
