0000703351-24-000030 | 10-K | XBRL Viewer | Brinker International INC

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INCOME TAXES (Reconciliation Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 2.8	$ 3.7
Additions based on tax position related to the current year	0.4	0.4
Additions based on tax positions related to prior years	0.0	0.1
Expiration of statute of limitations	(0.3)	(1.4)
Balance at end of year	$ 2.9	$ 2.8

GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Jun. 26, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In Carrying Amount Of Goodwill

The changes in the carrying amount of Goodwill by segment are as follows:


	June 26, 2024						June 28, 2023
	Chili’s		Maggiano’s		Consolidated		Chili’s		Maggiano’s		Consolidated
Balance at beginning of year	$	156.6	$	38.4	$	195.0	$	156.7	$	38.4	$	195.1
Changes in goodwill:

Foreign currency translation adjustment	(0.2)		—		(0.2)		(0.1)		—		(0.1)
Balance at end of year	$	156.4	$	38.4	$	194.8	$	156.6	$	38.4	$	195.0

Intangible Assets

Intangible assets, net are as follows:


	June 26, 2024						June 28, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets
Chili’s reacquired franchise rights (1)	$	26.0	$	(16.2)	$	9.8	$	28.4	$	(14.9)	$	13.5
Chili’s other	0.4		(0.4)		—		0.4		(0.4)		—
	$	26.4	$	(16.6)	$	9.8	$	28.8	$	(15.3)	$	13.5

Indefinite-lived intangible assets
Chili’s liquor licenses	$	9.3					$	9.6
Maggiano’s liquor licenses	0.8						0.8
	$	10.1					$	10.4

(1) The carrying value of Definite-lived intangible assets was adjusted for closure write offs and impairment charges in fiscal 2024 and 2023.

Definite-Lived Intangibles Amortization Expense

Amortization expenses for all definite-lived intangible assets were recorded in Depreciation and amortization in the Consolidated Statements of Comprehensive Income as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Definite-lived intangibles amortization expense	$	3.0	$	3.2	$	3.0

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

ACCRUED LIABILITIES

12 Months Ended

Jun. 26, 2024

Accrued and other liabilities [Abstract]

ACCRUED LIABILITIES

Other accrued liabilities consist of the following:


	June 26, 2024		June 28, 2023
Insurance	$	31.4	$	29.3
Property tax	24.6		24.5
Sales tax	18.4		17.3
Interest	18.1		6.4

Current installments of finance lease obligations	14.1		10.2
Utilities and services	10.0		10.4
Other	28.1		18.2
	$	144.7	$	116.3

INCOME TAXES (Income Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Income Tax Disclosure [Abstract]
Domestic	$ 161.8	$ 87.8	$ 113.5
Foreign	3.1	3.0	1.7
Income before income taxes	$ 164.9	$ 90.8	$ 115.2

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 26, 2024	Aug. 16, 2024	Dec. 27, 2023
Document Document and Entity Information [Abstract]
Document Type	10-K
Current Fiscal Year End Date	--06-26
Document Period End Date	Jun. 26, 2024
Entity File Number	1-10275
Entity Registrant Name	BRINKER INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-1914582
Entity Address, Address Line One	3000 Olympus Blvd
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75019
City Area Code	(972)
Local Phone Number	980-9917
Title of 12(b) Security	Common Stock, $0.10 par value
Trading Symbol	EAT
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,964,495,399
Entity Common Stock, Shares Outstanding		44,958,136
Documents Incorporated by Reference	Portions of our Proxy Statement relating for our 2024 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Document Annual Report	true
Document Transition Report	false
Entity Central Index Key	0000703351
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

FAIR VALUE MEASUREMENTS (Other Financial Instruments) (Details) - USD ($) $ in Millions	Jun. 26, 2024	Jun. 28, 2023
5.000% notes
Carrying Amounts and Fair Values of Debt Instruments [Line Items]
Stated interest rate	5.00%
Long-term debt, carrying amount	$ 349.8	$ 349.0
Long-term debt, fair value	$ 349.6	343.5
8.25% notes
Carrying Amounts and Fair Values of Debt Instruments [Line Items]
Stated interest rate	8.25%
Long-term debt, carrying amount	$ 345.2	344.3
Long-term debt, fair value	$ 367.8	$ 348.3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES Loss Contingencies (Details) $ in Millions	Jun. 26, 2024 USD ($) LegalMatter
Loss Contingencies [Line Items]
Number of matters pending or threatened which are expected to have a material adverse effect \| LegalMatter	0
Cyber security incident [Member]
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss \| $	$ 5.0

INCOME TAXES INCOME TAXES (Narrative Details for Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023
Income Tax Disclosure [Abstract]
Amount that would affect the effective tax rate if recognized	$ 2.3	$ 2.2
Income tax penalties and interest accrued	0.2	0.2
Income tax penalties and interest accrued, net of deferred tax benefits	0.2	0.2
Federal deferred tax benefit	$ 0.0	$ 0.0

REVENUE RECOGNITION - Deferred Gift Card Revenues (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Changes in Gift Card Liability [Line Items]
Beginning balance	$ 73.0	$ 83.9
Increase (decrease) in Gift card liability	(8.2)	(10.9)	$ (23.3)
Ending balance	64.8	73.0	$ 83.9
Gift card sales [Member]
Changes in Gift Card Liability [Line Items]
Increase (decrease) in Gift card liability	122.2	127.1
Gift card redemptions [Member]
Changes in Gift Card Liability [Line Items]
Amount recognized to Company sales	(119.5)	(121.7)
Gift card breakage [Member]
Changes in Gift Card Liability [Line Items]
Amount recognized to Company sales	(11.1)	(16.5)
Gift card other
Changes in Gift Card Liability [Line Items]
Increase (decrease) in Gift card liability	$ 0.2	$ 0.2

STOCK-BASED COMPENSATION (Narrative) (Details) - shares shares in Millions	12 Months Ended
	Jun. 28, 2023	Jun. 26, 2024
Nonemployee Directors and consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares authorized for issuance	0.3
Employees and non-employee Directors and consultants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance		39.0

- Definition

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+ Details

DEBT

12 Months Ended

Jun. 26, 2024

Debt Disclosure [Abstract]

DEBT

Long-term debt consists of the following:


	June 26, 2024		June 28, 2023
Revolving credit facility	$	—	$	161.3
5.000% notes(1)	350.0		350.0
8.250% notes	350.0		350.0

Finance lease obligations	105.4		67.8
Total long-term debt	805.4		929.1
Less: unamortized debt issuance costs and discounts	(5.0)		(6.7)
Total long-term debt, less unamortized debt issuance costs and discounts	800.4		922.4
Less: current installments of finance lease obligations(2)	(14.1)		(10.2)
Total long-term debt, less current portion	$	786.3	$	912.2

(1)Obligations under our 5.000% notes, which mature on October 1, 2024, have been classified as long-term, reflecting our intent and ability to refinance these notes through our existing revolving credit facility.

(2)Current installments of finance lease obligations, for the periods presented, are recorded within Other accrued liabilities in the Consolidated Balance Sheets. Refer to Note 5 - Accrued Liabilities for further details.

Excluding finance lease obligations and interest, our long-term debt maturities for the five fiscal years following June 26, 2024 and thereafter are as follows:


Fiscal Year	Long-Term Debt
2025	$	350.0
2026	—
2027	—
2028	—
2029	—
Thereafter	350.0
	$	700.0

Revolving Credit Facility

The $900.0 million revolving credit facility, as amended, matures on August 18, 2026 and bears interest at a rate of SOFR plus an applicable margin of 1.60% to 2.35% and an undrawn commitment fee of 0.25% to 0.35%, both based on a function of our debt-to-cash-flow ratio. As of June 26, 2024, our interest rate was 6.94% consisting of SOFR of 5.34% plus the applicable margin and spread adjustment of 1.60%. As of June 26, 2024, there was $900.0 million of borrowing capacity under the revolving credit facility.

8.250% Notes

In fiscal 2023, we issued $350.0 million of 8.250% senior notes due July 15, 2030 (the “2030 Notes”). The 2030 Notes require semi-annual interest payments in arrears, on each January 15 and July 15, which began on January 15, 2024.

5.000% Notes

In fiscal 2017, we issued $350.0 million of 5.000% senior notes due October 1, 2024 (the “2024 Notes”). The notes require semi-annual interest payments which began on April 1, 2017.

Financial and Other Covenants

The indentures for the 2024 Notes and 2030 Notes contain certain covenants, including, but not limited to, limitations and restrictions on the ability of the Company and its Restricted Subsidiaries (as defined in the indentures) to (i) create liens on Principal Property (as defined in the Indenture) and (ii) merge, consolidate or amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of their property. These covenants are subject to a number of important conditions, qualifications, exceptions and limitations.

Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage ratios. As of June 26, 2024, we were in compliance with our covenants pursuant to the $900.0 million revolving credit facility and under the terms of the indentures governing our 5.000% and 8.250% notes.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DEFINED CONTRIBUTION PLAN - Employer Contributions Match Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Defined Contribution Plan Disclosure [Line Items]
Employer contributions match expenses	$ 13.6	$ 11.9	$ 11.0

SHAREHOLDERS' EQUITY (DEFICIT)	12 Months Ended
SHAREHOLDERS' EQUITY (DEFICIT)	Jun. 26, 2024
Shareholders' equity (deficit) [Abstract]
SHAREHOLDERS' EQUITY (DEFICIT)	Retirement of Common Stock During the first quarter of fiscal 2023, the Board of Directors approved the retirement of 10.0 million shares of Treasury stock for a weighted average price per share of $30.71. As of June 26, 2024, 15.3 million shares remain in treasury. Share Repurchases Our Board of Directors approved a $300.0 million share repurchase program in August 2021. Our share repurchase program is used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. We evaluate potential share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, proceeds from divestitures, borrowings and planned investment and financing needs. Repurchased shares are reflected as an increase in Treasury stock within Shareholders’ equity (deficit) in the Consolidated Balance Sheets. In fiscal 2024, we repurchased 0.7 million shares of our common stock for $21.0 million as part of our share repurchase program and 0.1 million shares of our common stock for $4.8 million from team members to satisfy tax withholding obligations on the vesting of restricted shares. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. In fiscal 2022, the Company repurchased 2.3 million shares of our common stock for $96.0 million as part of our share repurchase program. The Company did not repurchase any shares under the repurchase program in fiscal 2023. As of June 26, 2024, approximately $183.0 million was available in the share repurchase program.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

GOODWILL AND INTANGIBLES

12 Months Ended

Jun. 26, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

There have been no impairments of Goodwill for the fiscal years ended June 26, 2024, June 28, 2023 and June 29, 2022. The changes in the carrying amount of Goodwill by segment are as follows:


	June 26, 2024						June 28, 2023
	Chili’s		Maggiano’s		Consolidated		Chili’s		Maggiano’s		Consolidated
Balance at beginning of year	$	156.6	$	38.4	$	195.0	$	156.7	$	38.4	$	195.1
Changes in goodwill:

Foreign currency translation adjustment	(0.2)		—		(0.2)		(0.1)		—		(0.1)
Balance at end of year	$	156.4	$	38.4	$	194.8	$	156.6	$	38.4	$	195.0

Intangible assets, net are as follows:


	June 26, 2024						June 28, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets
Chili’s reacquired franchise rights (1)	$	26.0	$	(16.2)	$	9.8	$	28.4	$	(14.9)	$	13.5
Chili’s other	0.4		(0.4)		—		0.4		(0.4)		—
	$	26.4	$	(16.6)	$	9.8	$	28.8	$	(15.3)	$	13.5

Indefinite-lived intangible assets
Chili’s liquor licenses	$	9.3					$	9.6
Maggiano’s liquor licenses	0.8						0.8
	$	10.1					$	10.4

(1) The carrying value of Definite-lived intangible assets was adjusted for closure write offs and impairment charges in fiscal 2024 and 2023.

Amortization expenses for all definite-lived intangible assets were recorded in Depreciation and amortization in the Consolidated Statements of Comprehensive Income as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Definite-lived intangibles amortization expense	$	3.0	$	3.2	$	3.0

Annual amortization expenses for definite-lived intangible assets are estimated to be $2.7 million for fiscal 2025 and fiscal 2026, $2.6 million for fiscal 2027, $0.9 million fiscal 2028 and $0.5 million for fiscal 2029.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Jun. 26, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

DEBT (Long-Term Debt) (Details) - USD ($)
$ in Millions

Jun. 26, 2024

Jun. 28, 2023

Debt Instrument [Line Items]

Finance lease obligations

^[1]

$ 105.4

$ 67.8

Total long-term debt

805.4

929.1

Less: unamortized debt issuance costs and discounts

(5.0)

(6.7)

Total long-term debt, less unamortized debt issuance costs and discounts

800.4

922.4

Less: current installments of finance lease obligations

^[2]

(14.1)

(10.2)

Total long-term debt, less current portion

$ 786.3

$ 912.2

Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]

Other accrued liabilities

5.000% notes

Debt Instrument [Line Items]

Senior notes

$ 350.0

^[3]

$ 350.0

8.25% notes

Debt Instrument [Line Items]

Senior notes

350.0

$900.0M Revolving Credit Facility

Debt Instrument [Line Items]

Revolving credit facility

$ 0.0

$ 161.3

[1]	Finance lease assets are recorded in Property and equipment, at cost, and the related current and long-term lease liabilities are recorded within Other accrued liabilities and Long-term debt and finance leases, less current installments, respectively.
[2]	Current installments of finance lease obligations, for the periods presented, are recorded within Other accrued liabilities in the Consolidated Balance Sheets. Refer to Note 5 - Accrued Liabilities for further details.
[3]	Obligations under our 5.000% notes, which mature on October 1, 2024, have been classified as long-term, reflecting our intent and ability to refinance these notes through our existing revolving credit facility.

REVENUE RECOGNITION - Changes in Deferred Franchise and Development Fees (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023
Changes in deferred franchise and development fees [Line Items]
Ending balance	$ 9.7
Deferred Franchise and Development Fees
Changes in deferred franchise and development fees [Line Items]
Beginning balance	11.1	$ 10.1
Additions	0.6	1.9
Amount recognized to Franchise revenues	(2.0)	(0.9)
Ending balance	$ 9.7	$ 11.1

INCOME TAXES (Narrative for Deferred Income Taxes) (Details) - USD ($) $ in Millions	Jun. 26, 2024	Jun. 28, 2023
Tax Credit Carryforward [Line Items]
Valuation allowance	$ 5.8	$ 4.3
State \| Before valuation allowance and federal benefit
Tax Credit Carryforward [Line Items]
Deferred tax assets on operating loss carryforwards	5.5
Deferred tax assets on tax credit carryforwards	2.3
State \| Net of valuation allowance and federal benefit
Tax Credit Carryforward [Line Items]
Deferred tax assets on operating loss carryforwards	2.5
Deferred tax assets on tax credit carryforwards	0.5
Federal
Tax Credit Carryforward [Line Items]
Valuation allowance on tax credit carryforward	0.0
Portion of Federal credit carryover that is limited by Section 382 of the IRC	5.1
Federal \| Before valuation allowance and federal benefit
Tax Credit Carryforward [Line Items]
Deferred tax assets on tax credit carryforwards	$ 61.2

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Cash flows from operating activities
Net income	$ 155.3	$ 102.6	$ 117.6
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization	170.8	168.5	164.4
Deferred income taxes, net	(20.6)	(30.9)	(11.7)
Non-cash other (gains) and charges	28.7	24.0	20.3
Stock-based compensation	25.9	14.4	18.6
Net loss on disposal of assets	3.5	2.7	3.4
Other	2.8	1.8	3.0
Changes in assets and liabilities:
Accounts receivable, net	(0.6)	0.7	3.4
Inventories	(0.5)	(0.0)	(5.5)
Restaurant supplies	(1.0)	(1.1)	(1.6)
Prepaid expenses	(12.3)	(20.6)	(12.2)
Income taxes	4.0	8.0	14.4
Operating lease assets, net of liabilities	(4.0)	(2.8)	3.4
Other assets	(0.4)	(0.0)	(0.0)
Accounts payable	30.8	(5.8)	0.2
Gift card liability	(8.2)	(10.9)	(23.3)
Accrued payroll	24.7	(5.3)	(11.5)
Other accrued liabilities	21.7	10.0	(2.0)
Other liabilities	1.3	1.0	(28.7)
Net cash provided by operating activities	421.9	256.3	252.2
Cash flows from investing activities
Payments for property and equipment	(198.9)	(184.9)	(150.3)
Payments for franchise restaurant acquisitions	0.0	0.0	(106.6)
Proceeds from sale leaseback transactions, net of related expenses	0.0	0.0	20.5
Proceeds from note receivable	1.3	4.5	2.1
Proceeds from sale of assets	4.7	5.5	0.1
Insurance recoveries	0.7	0.7	0.0
Net cash used in investing activities	(192.2)	(174.2)	(234.2)
Cash flows from financing activities
Borrowings on revolving credit facility	389.0	765.0	720.5
Payments on revolving credit facility	(550.3)	(875.0)	(620.5)
Proceeds from issuance of long-term debt	0.0	350.0	0.0
Payments on long-term debt	(20.1)	(322.1)	(23.7)
Purchases of treasury stock	(25.8)	(5.0)	(100.9)
Proceeds from issuance of treasury stock	27.9	12.5	0.4
Payments for debt issuance costs	(0.7)	(5.3)	(3.1)
Payments of dividends	(0.2)	(0.6)	(1.1)
Net cash used in financing activities	(180.2)	(80.5)	(28.4)
Net change in cash and cash equivalents	49.5	1.6	(10.4)
Cash and cash equivalents at beginning of period	15.1	13.5	23.9
Cash and cash equivalents at end of period	64.6	15.1	13.5
Supplemental disclosure of cash flow information:
Income taxes paid (refunds received), net	26.1	12.4	(4.7)
Interest paid, net of amounts capitalized	50.3	51.0	41.0
Accrued capital expenditures	$ 16.5	$ 11.3	$ 15.2

INCOME TAXES (Tables)

12 Months Ended

Jun. 26, 2024

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes consists of the following:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Domestic	$	161.8	$	87.8	$	113.5
Foreign	3.1		3.0		1.7
Income before income taxes	$	164.9	$	90.8	$	115.2

Provision (Benefit) For Income Taxes and Effective Tax Rate

The Provision (benefit) for income taxes and effective tax rate consists of the following:


	Fiscal Years Ended
	June 26, 2024			June 28, 2023			June 29, 2022
Current income tax expenses:
Federal	$	17.5		$	12.2		$	5.8
State	12.3			6.8			3.7
Foreign	0.4			0.2			(0.3)
Total current income tax expenses	30.2			19.2			9.2
Deferred income tax (benefit) expenses:
Federal	(18.2)			(29.5)			(15.7)
State	(2.5)			(2.0)			3.7
Foreign	0.1			0.5			0.4
Total deferred income tax (benefit) expenses	(20.6)			(31.0)			(11.6)
Provision (benefit) for income taxes	$	9.6		$	(11.8)		$	(2.4)

Effective tax rate	5.8		%	(13.0)		%	(2.1)		%

Reconciliation Between Reported Provision (Benefit) for Income Taxes And Amount Computed By Statutory Federal Income Tax Rate

A reconciliation between the reported Provision (benefit) for income taxes and the amount computed by applying the statutory Federal income tax rate to Income before income taxes is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Income tax expense at statutory rate	$	34.6	$	19.0	$	24.2
FICA and other tax credits	(34.2)		(34.6)		(32.9)
State income taxes, net of Federal benefit	7.7		4.7		6.2
Officers' compensation	3.7		0.0		0.9
Stock based compensation tax shortfall (windfall)	(1.2)		0.8		(0.7)
Other	(1.0)		(1.7)		(0.1)
Provision (benefit) for income taxes	$	9.6	$	(11.8)	$	(2.4)

Deferred Income Tax Assets and Liabilities

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows:


	June 26, 2024		June 28, 2023
Deferred income tax assets:
Lease liabilities	$	472.4	$	451.5
Gift cards	8.3		9.2
Insurance reserves	15.2		13.7
Stock-based compensation	10.3		9.5
Federal credit carryover	61.2		59.5
Depreciation and capitalized interest on property and equipment	15.8		—
Net operating losses	4.4		4.2
State credit carryover	1.8		2.1
Restructure charges and impairments	3.0		2.1
Other, net	11.9		9.7
Less: Valuation allowance	(5.8)		(4.3)
Total deferred income tax assets	598.5		557.2
Deferred income tax liabilities:
Lease assets	444.0		421.9
Goodwill and other amortization	23.0		23.2
Depreciation and capitalized interest on property and equipment	—		0.7
Prepaid expenses	16.8		17.3
Other, net	0.8		0.7
Total deferred income tax liabilities	484.6		463.8
Deferred income taxes, net	$	113.9	$	93.4

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits are as follows:


	June 26, 2024		June 28, 2023
Balance at beginning of year	$	2.8	$	3.7
Additions based on tax positions related to the current year	0.4		0.4
Additions (Decreases) based on tax positions related to prior years	—		0.1

Expiration of statute of limitations	(0.3)		(1.4)
Balance at end of year	$	2.9	$	2.8

REVENUE RECOGNITION - Remaining Deferred Franchise and Development Fees to be Recognized (Details) $ in Millions	Jun. 26, 2024 USD ($)
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Total remaining performance obligation	$ 9.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-06-27
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Revenue, remaining performance obligation	$ 0.9
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-06-26
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Revenue, remaining performance obligation	$ 0.8
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-06-25
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Revenue, remaining performance obligation	$ 0.7
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-01
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Revenue, remaining performance obligation	$ 0.6
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-06-29
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Revenue, remaining performance obligation	$ 0.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-06-28
Remaining Deferred Franchise and Development Fees to be Recognized [Line Items]
Revenue, remaining performance obligation	$ 6.2
Revenue, remaining performance obligation, expected timing of satisfaction, period	15 years

LEASES (Narrative) (Details)	12 Months Ended
LEASES (Narrative) (Details)	Jun. 26, 2024 restaurant
Lessee, Lease, Description [Line Items]
Number of restaurants	1,614
Minimum
Lessee, Lease, Description [Line Items]
Cumulative lease renewal period, years	3 years
Initial lease term, years	10 years
Renewal lease term, years	1 year
Maximum
Lessee, Lease, Description [Line Items]
Cumulative lease renewal period, years	30 years
Initial lease term, years	20 years
Renewal lease term, years	10 years
Company-owned
Lessee, Lease, Description [Line Items]
Number of restaurants with leases	1,121
Number of restaurants	1,171

DEFINED CONTRIBUTION PLAN - Additional Information (Details)	12 Months Ended
	Jun. 26, 2024
Retirement Benefits [Abstract]
Eligibility age for savings plan	21 years
Service period required to participate in savings plan	90 days
Percentage of base salary allowed for savings plan contribution	50.00%
Percentage of bonus allowed for contribution to savings plan	100.00%
Employer matching contribution percentage for first three percent contributed to savings plan	100.00%
Percentage of compensation contributed to savings plan matched by employer at 100%	3.00%
Employer matching contribution percentage for subsequent two percent contributed to savings plan	50.00%
Percentage over 3% for which employer will match 50% of employee contributions to savings plan	2.00%

REVENUE RECOGNITION

12 Months Ended

Jun. 26, 2024

Revenue Recognition [Abstract]

REVENUE RECOGNITION

Deferred Franchise and Development Fees

Our deferred franchise and development fees consist of the unrecognized fees received from franchisees. Recognition of these fees in subsequent periods is based on satisfaction of the contractual performance obligations of the active contracts with franchisees. We also expect to earn subsequent period royalties and advertising fees related to our franchise contracts; however, due to the variability and uncertainty of these future revenues based upon a sales-based measure, these future revenues are not yet estimable as the performance obligations remain unsatisfied. Deferred franchise and development fees are classified within Other accrued liabilities for the current portion expected to be recognized within the next 12 months and Other liabilities for the long-term portion in the Consolidated Balance Sheets.

The following table reflects the changes in deferred franchise and development fees for the fiscal years ended on June 26, 2024 and June 28, 2023:



	June 26, 2024		June 28, 2023
Beginning balance	$	11.1	$	10.1
Additions	0.6		1.9
Amount recognized to Franchise revenues	(2.0)		(0.9)
Ending balance	$	9.7	$	11.1

The following table illustrates franchise and development fees expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of June 26, 2024:


Fiscal Year	Franchise and Development Fees Revenue Recognition
2025	$	0.9
2026	0.8
2027	0.7
2028	0.6
2029	0.5
Thereafter	6.2
	$	9.7

Deferred Gift Card Revenues

Total deferred revenues related to our gift cards include the full value of unredeemed gift card balances less recognized breakage and the unamortized portion of third-party fees. The following table reflects the changes in the Gift card liability for fiscal years ended on June 26, 2024 and June 28, 2023:



	June 26, 2024		June 28, 2023
Beginning balance	$	73.0	$	83.9
Gift card sales	122.2		127.1
Gift card redemptions recognized to Company sales	(119.5)		(121.7)
Gift card breakage recognized to Company sales	(11.1)		(16.5)
Other	0.2		0.2
Ending balance	$	64.8	$	73.0

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

LEASES (Pre-Commencement Leases) (Details) $ in Millions	12 Months Ended
LEASES (Pre-Commencement Leases) (Details) $ in Millions	Jun. 26, 2024 USD ($) Leases
Lessee, Lease, Description [Line Items]
Operating Lease, Undiscounted Fixed Lease Payments, Pre-Commencement \| $	$ 15.5
Chili's Restaurants [Member]
Lessee, Lease, Description [Line Items]
Number of Operating Leases, Pre-Commencement	4
Maggiano's Restaurants [Member]
Lessee, Lease, Description [Line Items]
Number of Operating Leases, Pre-Commencement	1

DEFINED CONTRIBUTION PLAN

12 Months Ended

Jun. 26, 2024

Retirement Benefits [Abstract]

DEFINED CONTRIBUTION PLAN

We sponsor a qualified defined contribution retirement plan. The plan covers all employees who have attained the age of 21 and have completed 90 days of eligible service.

Eligible employees are allowed to contribute, subject to IRS limitations on total annual contributions, up to 50% of their base compensation and 100% of their eligible bonuses, as defined in the plan, to various investment funds. We match, in cash, what an employee contributes at a rate of 100% of the first 3% and 50% of the next 2% with immediate vesting.

We contributed employer matching contributions in each fiscal year which is recorded to General and administrative in the Consolidated Statements of Comprehensive Income:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Employer contributions match expenses	$	13.6	$	11.9	$	11.0

CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions

Jun. 26, 2024

Jun. 28, 2023

Current assets

Cash and cash equivalents

$ 64.6

$ 15.1

Accounts receivable, net

60.6

60.9

Inventories

34.5

Restaurant supplies

53.8

55.6

Prepaid expenses

20.6

17.2

Total current assets

234.1

183.3

Property and equipment, at cost

Land

41.6

42.4

Buildings and leasehold improvements

1,670.2

1,635.7

Furniture and equipment

830.6

765.8

Construction-in-progress

41.0

30.1

Gross property and equipment

2,583.4

2,474.0

Less accumulated depreciation and amortization

(1,703.7)

(1,665.7)

Net property and equipment

879.7

808.3

Other assets

Operating lease assets

^[1]

1,095.2

1,134.9

Goodwill

194.8

195.0

Deferred income taxes, net

113.9

93.4

Intangibles, net

19.9

23.9

Other

55.5

48.2

Total other assets

1,479.3

1,495.4

Total assets

2,593.1

2,487.0

Current liabilities

Accounts payable

160.6

125.7

Gift card liability

64.8

73.0

Accrued payroll

130.8

106.1

Operating lease liabilities

^[1]

114.1

112.4

Other accrued liabilities

144.7

116.3

Income taxes payable

7.3

2.4

Total current liabilities

622.3

535.9

Long-term debt and finance leases, less current installments

786.3

912.2

Long-term operating lease liabilities, less current portion

^[1]

1,084.5

1,125.8

Other liabilities

60.6

57.4

Commitments and contingencies (Note 8)

Shareholders’ equity (deficit)

Common stock, shares authorized

250.0

Common stock, par value per share

$ 0.10

Common stock, shares issued

60.3

Common stock, shares outstanding

45.0

44.6

Common stock

$ 6.0

Additional paid-in capital

707.8

690.0

Accumulated other comprehensive loss

(6.3)

(6.0)

Accumulated deficit

$ (196.6)

$ (351.9)

Treasury stock, shares

15.3

15.7

Treasury stock, at cost

$ (471.5)

$ (482.4)

Total shareholders’ equity (deficit)

39.4

(144.3)

Total liabilities and shareholders’ equity (deficit)

$ 2,593.1

$ 2,487.0

[1]	Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.

OTHER GAINS AND CHARGES (Tables)

12 Months Ended

Jun. 26, 2024

Other Gains and Charges [Abstract]

Other Gains And Charges

Other (gains) and charges in the Consolidated Statements of Comprehensive Income consist of the following:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Enterprise system implementation costs	$	14.0	$	4.7	$	2.4
Restaurant level impairment charges	12.3		12.1		8.5
Restaurant closure asset write-offs and charges	10.1		8.3		3.7
Litigation & claims, net	6.6		2.5		3.4
Lease contingencies	0.8		2.0		3.1
Severance	0.5		3.7		—
Remodel-related asset write-offs	0.5		1.1		4.9
Gain on sale of assets, net	(2.7)		(3.7)		—

Other	1.1		2.0		5.2
	$	43.2	$	32.7	$	31.2

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 26, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Lease Commitments and Guarantees We have, in certain cases, divested brands or sold restaurants to franchisees and have not been released from lease guarantees for the related restaurants. As of June 26, 2024 and June 28, 2023, we have outstanding lease guarantees or are secondarily liable for $15.7 million and $16.9 million, respectively. These amounts represent the maximum known potential liability of rent payments under the leases, but outstanding rent payments can exist outside of our knowledge as a result of the landlord and tenant relationship being between two third parties. These leases have been assigned to the buyers and expire at the end of the respective lease terms, which range from fiscal 2025 through fiscal 2035. In the event of default under a lease by an owner of a divested brand, the indemnity and default clauses in our agreements with such third parties and applicable laws govern our ability to pursue and recover amounts we may pay on behalf of such third parties. We have received notices of default and have been named a party in lawsuits pertaining to some of these leases in circumstances where the current lessee did not pay its rent obligations. We recorded a $0.8 million and $2.0 million charge related to these leases and lawsuits in fiscal 2024 and fiscal 2023, respectively, which are included in Other (gains) and charges in the Consolidated Statements of Comprehensive Income. We will continue to closely monitor our exposure. Letters of Credit We provide letters of credit to various insurers to collateralize obligations for outstanding claims. As of June 26, 2024, we had $5.8 million in undrawn standby letters of credit outstanding. All standby letters of credit are renewable within the next 10 months. Cybersecurity Litigation In fiscal 2018, we discovered malware at certain Chili’s restaurants that may have resulted in unauthorized access or acquisition of customer payment card data. We settled all claims from payment card companies related to this incident and do not expect material claims from payment card companies in the future. In connection with this event, the Company was also named as a defendant in a putative class action lawsuit in the United States District Court for the Middle District of Florida (the “Litigation”) relating to this incident. In the Litigation, plaintiffs assert various claims at the Company’s Chili’s restaurants involving customer payment card information and seek monetary damages in excess of $5.0 million, injunctive and declaratory relief, and attorney’s fees and costs. On April 29, 2024, the US Supreme Court denied our petition for certiorari concerning review of the Eleventh Circuit’s decision to uphold plaintiff’s damages calculation. Accordingly, the parties continue to await the trial court’s ruling on the issue of predominance as it relates to class certification in light of the Eleventh Circuit’s ruling on this issue. We believe we have defenses and intend to continue defending the Litigation. As such, as of June 26, 2024, we have concluded that a loss, or range of loss, from this matter is not determinable, therefore, we have not recorded a liability related to the Litigation. We will continue to evaluate this matter based on new information as it becomes available. Legal Proceedings Evaluating contingencies related to litigation is a process involving judgment on the potential outcome of future events, and the ultimate resolution of litigated claims may differ from our current analysis. Accordingly, we review the adequacy of accruals and disclosures pertaining to litigated matters each quarter in consultation with legal counsel and we assess the probability and range of possible losses associated with contingencies for potential accrual in the Consolidated Financial Statements. We are engaged in various legal proceedings and have certain unresolved claims pending. Liabilities have been established based on our best estimates of our potential liability in certain of these matters. Based upon consultation with legal counsel, management is of the opinion that there are no matters pending or threatened which are expected to have a material adverse effect, individually or in the aggregate, on the consolidated financial condition or results of operations.

STOCK-BASED COMPENSATION

12 Months Ended

Jun. 26, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Our shareholder approved stock-based compensation plans include the Stock Option and Incentive Plan for employees (“Employee Plan”) and the Stock Option and Incentive Plan for Non-Employee Directors and Consultants (“Non-Employee Plan” and collectively, the “Plans”). In fiscal 2023, our shareholders approved and we registered an additional 0.3 million shares of common stock of Brinker International, Inc. available for issuance under the Non-Employee Plan. The Plans provide for grants of options to purchase our common stock, performance shares, restricted stock, restricted stock units, and stock appreciation rights. Additionally, grants to eligible employees may vest over a specified period of time or service period, or may contain performance-based conditions. As of June 26, 2024, the total number of shares authorized for issuance to employees and non-employee directors and consultants under the Plans was 39.0 million shares.

Presented below is total stock-based compensation expenses, and the related total income tax benefit recognized in the Consolidated Statements of Comprehensive Income:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Stock-based compensation expenses	$	25.9	$	14.4	$	18.6
Tax benefit related to stock-based compensation expenses	4.3		2.6		3.9

Restricted Share Awards

Restricted share awards consist of performance shares and restricted stock units. In fiscal 2024, fiscal 2023 and fiscal 2022, eligible employees under the Plans were granted performance shares whose vesting is contingent upon meeting Company performance goals based on our earnings at the end of a three-fiscal-year period. The number of shares that will vest varies depending on the amount of earnings achieved as compared to the target amount. The fiscal 2024 and fiscal 2023 grants also include a provision that will increase or decrease the number of shares to be vested if Brinker’s relative TSR ranking compared to the peer group falls in the top 25% or bottom 25%, respectively. The number of shares that can vest ranges from 0% of target to 200% of target. Expenses are recognized ratably over the vesting period, or to the date on which retirement eligibility is achieved, if shorter, based upon management’s periodic estimates of the number of shares that will be earned under the Company performance metric.

Restricted stock units granted to eligible employees under the Plans generally vest over a three-year period from the date of grant. Restricted stock units issued to eligible employees under our career equity plan generally vest upon each employee’s retirement from the Company. Expenses are recognized ratably over the vesting period, or to the date on which retirement eligibility is achieved, if shorter. Full or partial vesting of awards may occur upon a change in control (as defined in the Plans), or upon an employee’s death, disability or involuntary termination.

Restricted stock units granted to non-employee directors under the Plans are non-forfeitable and are expensed upon grant. Non-employee directors’ awards have variable distribution dates ranging from one year after grant to two years following departure from the Board.

Restricted share award transactions, including performance shares reflected at target, during fiscal 2024 were as follows (fair value per award in dollars):


	Number of Restricted Share Awards	Weighted Average Grant Date Fair Value Per Award
Restricted share awards outstanding at June 28, 2023	1.5	$	36.97
Granted	0.7	35.03
Vested	(0.5)	39.18
Forfeited	(0.1)	34.69
Restricted share awards outstanding at June 26, 2024	1.6	$	35.12

As of June 26, 2024, unrecognized compensation expenses related to unvested restricted share awards that are expected to vest totaled approximately $18.1 million and will be recognized over a weighted average period of 1.6 years. The fair value of shares that vested is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Fair value of restricted share awards vested	$	16.8	$	16.1	$	18.1

Stock Options

In fiscal 2019 and fiscal 2018, certain eligible employees under the Plans were granted performance stock options whose vesting was contingent upon meeting Company performance goals based on our annual earnings at the end of fiscal 2021 and fiscal 2022. Expenses for performance stock options were recognized using a graded-vesting schedule over the vesting period based upon management’s periodic estimates of the number of stock options that ultimately vested. At the end of fiscal 2021, the first performance goal was met, resulting in the vesting of 0.4 million, or one-half, of the outstanding performance stock options. At the end of fiscal 2022, the second performance goal was not met, which resulted in the forfeiture of the remaining 0.4 million performance stock options. The options have a contractual term to exercise of no later than August 31, 2025.

Stock options that do not contain a performance condition were also granted to eligible employees in the fiscal years prior to fiscal 2021. Expenses related to these stock options were recognized using a graded-vesting schedule over the vesting period or to the date on which retirement eligibility was achieved, if shorter. Stock options generally vested over a period of 1 to 4 years and have contractual terms to exercise of 8 years. Full or partial vesting of awards may have occurred upon a change in control (as defined in the Plans), or upon an employee’s death, disability or involuntary termination.

No stock options have been granted in fiscal 2024, fiscal 2023, or fiscal 2022.

Stock option transactions during fiscal 2024 were as follows (option prices in dollars):


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Stock options outstanding at June 28, 2023	1.0	$	40.74

Exercised	(0.7)	40.94
Forfeited or canceled	(0.1)	49.09
Stock options outstanding and exercisable at June 26, 2024	0.2	$	38.03	1.9	$	8.5

The intrinsic value and related tax benefit of options exercised is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Intrinsic value of options exercised	$	11.5	$	3.3	$	0.2
Tax benefit realized on options exercised	1.1		0.8		—

LEASES (Tables)

12 Months Ended

Jun. 26, 2024

Leases [Abstract]

Consolidated Balance Sheet Disclosure of Lease Amounts

The following table includes a detail of lease assets and liabilities included in the Consolidated Balance Sheets:


	June 26, 2024
	Finance Leases(1)		Operating Leases(2)		Total Leases
Lease assets	$	93.4	$	1,095.2	$	1,188.6

Current lease liabilities	14.1		114.1		128.2
Long-term lease liabilities	91.3		1,084.5		1,175.8
Total lease liabilities	$	105.4	$	1,198.6	$	1,304.0


	June 28, 2023
	Finance Leases(1)		Operating Leases(2)		Total Leases
Lease assets	$	51.3	$	1,134.9	$	1,186.2

Current lease liabilities	10.2		112.4		122.6
Long-term lease liabilities	57.6		1,125.8		1,183.4
Total lease liabilities	$	67.8	$	1,238.2	$	1,306.0

(1)Finance lease assets are recorded in Property and equipment, at cost, and the related current and long-term lease liabilities are recorded within Other accrued liabilities and Long-term debt and finance leases, less current installments, respectively.

(2)Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.

Consolidated Statement of Comprehensive Income Disclosure of Lease Amounts

The components of lease expenses, including variable lease costs primarily consisting of rent based on a percentage of sales, common area maintenance and real estate tax charges, and short-term lease expenses for leases with lease terms less than twelve months are included in the Consolidated Statements of Comprehensive Income as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Operating lease cost	$	182.5	$	181.0	$	173.7
Finance lease amortization	14.0		19.7		21.9
Finance lease interest	4.2		4.1		5.5
Short-term lease cost	0.3		0.3		0.6
Variable lease cost	63.4		63.5		60.5
Sublease income	(1.2)		(2.8)		(4.2)
Total lease costs, net	$	263.2	$	265.8	$	258.0

Consolidated Statement of Cash Flows Disclosure of Lease Amounts

Supplemental cash flow information related to leases recorded in the Consolidated Statements of Cash Flows is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Cash flows from operating activities
Cash paid related to lease liabilities
Operating leases	$	186.3	$	184.3	$	171.1
Finance leases	4.2		4.1		5.5
Cash flows from financing activities
Cash paid related to lease liabilities
Finance leases	20.1		22.1		23.7
Non-cash lease assets obtained in exchange for lease liabilities
Operating leases(1)	82.6		101.7		255.4
Finance leases	53.7		0.3		13.4

(1)Non-cash operating lease assets obtained in exchange for operating lease liabilities were higher in fiscal 2022 primarily due to the new and assumed operating lease additions associated with the 68 restaurants purchased from three former franchisees, including sale leaseback transactions on six of the acquired restaurants. The combined transactions resulted in increased operating lease assets of $86.8 million as of the end of fiscal 2022, and cash proceeds of $20.5 million were received from the sale leaseback transactions. Additionally, the modifications of 25 leases in fiscal 2022 from finance leases to operating leases, resulted in increased operating lease assets of $47.9 million.

Weighted Average Lease Term and Discount Rate

Other information related to leases is as follows:

Fiscal Years Ended

June 26, 2024

June 28, 2023

Finance Leases

Operating Leases

Finance Leases

Operating Leases

Weighted average remaining lease term

7.4 years

11.6 years

9.9 years

11.8 years

Weighted average discount rate

5.9

6.0

5.5

5.8

Lease Maturity Analysis

As of June 26, 2024, the future minimum lease payments on finance and operating leases, as well as sublease income were as follows:


	June 26, 2024
Fiscal Year	Finance Leases		Operating Leases		Sublease Income
2025	$	19.8	$	180.7	$	0.9
2026	22.9		174.8		0.8
2027	22.8		157.6		0.7
2028	22.9		139.1		0.4
2029	8.4		128.8		0.3
Thereafter	33.4		917.0		0.5
Total future lease payments	130.2		1,698.0		$	3.6
Less: Imputed interest	24.8		499.4
Present value of lease liability	$	105.4	$	1,198.6

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 26, 2024

Nature Of Operations And Summary Of Significant Accounting Policies Narrative [Abstract]

Schedule of Weighted Average Number of Shares

Basic weighted average shares outstanding are reconciled to Diluted weighted average shares outstanding as follows:


	June 26, 2024	June 28, 2023	June 29, 2022
Basic weighted average shares outstanding	44.4	44.1	44.8
Dilutive stock options	0.1	0.1	0.2
Dilutive restricted shares	1.2	0.8	0.6
Total dilutive impact	1.3	0.9	0.8
Diluted weighted average shares outstanding	45.7	45.0	45.6

Awards excluded due to anti-dilutive effect	0.4	1.3	0.8

LEASES (Weighted Average Lease Term and Discount Rate) (Details)	Jun. 26, 2024 Rate	Jun. 28, 2023 Rate
Leases - Weighted Average Lease Term and Discount Rate [Abstract]
Finance Leases, Weighted average remaining lease term	7 years 4 months 24 days	9 years 10 months 24 days
Operating Leases, Weighted average remaining lease term	11 years 7 months 6 days	11 years 9 months 18 days
Finance Leases, Weighted average discount rate	5.90%	5.50%
Operating Leases, Weighted average discount rate	6.00%	5.80%

FAIR VALUE MEASUREMENTS (Assets Measured At Fair Value On Non-Recurring Basis) (Details) $ in Millions	12 Months Ended
	Jun. 26, 2024 USD ($) restaurant	Jun. 28, 2023 USD ($) restaurant	Jun. 29, 2022 USD ($) restaurant
Carrying Values and Impairment Charges Recorded for Long-lived Assets [Line Items]
Restaurant impairment charges	$ 12.3	$ 12.1	$ 8.5
Underperforming Restaurants [Member]
Carrying Values and Impairment Charges Recorded for Long-lived Assets [Line Items]
Pre-impairment carrying value of impaired long lived assets	10.2	10.2
Pre-impairment carrying value of impaired reacquired franchise rights	0.4	0.3
Pre-impairment carrying value of impaired operating lease assets	21.4	21.4
Total pre-impairment carrying value of impaired assets of underperforming restaurants	32.0	31.9
Impairment charges on long-lived assets	9.3	10.2
Impairment charges on reacquired franchise rights	0.4	0.3
Impairment charges on operating lease assets	2.5	1.5
Restaurant impairment charges	$ 12.2	$ 12.0
Underperforming Restaurants [Member] \| Chili's Restaurants [Member]
Carrying Values and Impairment Charges Recorded for Long-lived Assets [Line Items]
Number of underperforming restaurants \| restaurant	35	38	30
Underperforming Restaurants [Member] \| Maggiano's Restaurants [Member]
Carrying Values and Impairment Charges Recorded for Long-lived Assets [Line Items]
Number of underperforming restaurants \| restaurant			2
Liquor Licenses [Member]
Carrying Values and Impairment Charges Recorded for Long-lived Assets [Line Items]
Impairment of liquor licenses	$ 0.1	$ 0.1

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 26, 2024 USD ($) restaurant Country Location Reportable_segment $ / shares shares	Jun. 28, 2023 USD ($)	Jun. 29, 2022 USD ($) restaurant
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of restaurants \| restaurant	1,614
Number of foreign countries operating in \| Country	27
Number of territories \| Location	2
Depreciation \| $	$ 167.9	$ 165.3	$ 161.3
Number of reportable segments \| Reportable_segment	2
Number of preferred stock the Board of Directors is authorized to issue \| shares	1,000,000.0
Preferred stock, par value \| $ / shares	$ 1.00
Preferred stock, shares issued \| shares	0
Advertising expenses \| $	$ 130.2	58.2	37.4
Advertising contributions from franchisees \| $	$ 6.0	$ 3.0	$ 2.4
Chili's Restaurants [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of territories \| Location	2
Franchisee [Member] \| Chili's Restaurants [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of restaurants \| restaurant			68
Purchase price including customary working capital adjustments \| $			$ 106.7
Minimum \| Buildings And Leasehold Improvements
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Estimated useful lives	5 years
Minimum \| Furniture and Equipment
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Estimated useful lives	3 years
Maximum \| Buildings And Leasehold Improvements
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Estimated useful lives	20 years
Maximum \| Furniture and Equipment
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Estimated useful lives	7 years
Company-owned
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of restaurants \| restaurant	1,171
Franchised
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of restaurants \| restaurant	443

LEASES (Consolidated Statement of Cash Flows Disclosure of Lease Amounts) (Details)
$ in Millions

12 Months Ended

Jun. 26, 2024

USD ($)

restaurant

Jun. 28, 2023

USD ($)

Jun. 29, 2022

USD ($)

restaurant

Mar. 01, 2022

USD ($)

Leases

Cash flows from operating activities

Operating lease payments

$ 186.3

$ 184.3

$ 171.1

Finance lease payments

4.2

4.1

5.5

Cash flows from financing activities

Payments on long-term debt

20.1

22.1

23.7

Non-cash lease assets obtained in exchange for lease liabilities

Operating lease additions

82.6

101.7

255.4

^[1]

Finance lease additions

$ 53.7

0.3

13.4

Number of restaurants acquired | restaurant

1,614

Operating lease assets

^[2]

$ 1,095.2

1,134.9

Proceeds from sale leaseback transaction

$ 0.0

$ 20.5

Lease Modification | Chili's Restaurants [Member]

Non-cash lease assets obtained in exchange for lease liabilities

Number of operating leases | Leases

Operating lease assets

$ 47.9

Franchisee [Member] | Chili's Restaurants [Member]

Non-cash lease assets obtained in exchange for lease liabilities

Number of restaurants acquired | restaurant

Operating lease assets

$ 86.8

Franchisee [Member] | Chili's Restaurants [Member] | eat_SaleLeasebackMember

Non-cash lease assets obtained in exchange for lease liabilities

Number of operating leases | restaurant

Proceeds from sale leaseback transaction

$ 20.5

[1]

Non-cash operating lease assets obtained in exchange for operating lease liabilities were higher in fiscal 2022 primarily due to the new and assumed operating lease additions associated with the 68 restaurants purchased from three former franchisees, including sale leaseback transactions on six of the acquired restaurants. The combined transactions resulted in increased operating lease assets of $86.8 million as of the end of fiscal 2022, and cash proceeds of $20.5 million were received from the sale leaseback transactions. Additionally, the modifications of 25 leases in fiscal 2022 from finance leases to operating leases, resulted in increased operating lease assets of $47.9 million.

[2]

Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.

REVENUE RECOGNITION (Tables)

12 Months Ended

Jun. 26, 2024

Revenue Recognition [Abstract]

Changes in Deferred Franchise and Development Fees

The following table reflects the changes in deferred franchise and development fees for the fiscal years ended on June 26, 2024 and June 28, 2023:



	June 26, 2024		June 28, 2023
Beginning balance	$	11.1	$	10.1
Additions	0.6		1.9
Amount recognized to Franchise revenues	(2.0)		(0.9)
Ending balance	$	9.7	$	11.1

Remaining Deferred Franchise and Development Fees to be Recognized


Fiscal Year	Franchise and Development Fees Revenue Recognition
2025	$	0.9
2026	0.8
2027	0.7
2028	0.6
2029	0.5
Thereafter	6.2
	$	9.7

Changes in Gift Card Liability

The following table reflects the changes in the Gift card liability for fiscal years ended on June 26, 2024 and June 28, 2023:



	June 26, 2024		June 28, 2023
Beginning balance	$	73.0	$	83.9
Gift card sales	122.2		127.1
Gift card redemptions recognized to Company sales	(119.5)		(121.7)
Gift card breakage recognized to Company sales	(11.1)		(16.5)
Other	0.2		0.2
Ending balance	$	64.8	$	73.0

LEASES (Consolidated Balance Sheet Disclosure of Lease Amounts) (Details) - USD ($)
$ in Millions

Jun. 26, 2024

Jun. 28, 2023

Leases - Consolidated Balance Sheet Disclosure of Lease Amounts [Abstract]

Finance Leases, Lease assets

^[1]

$ 93.4

$ 51.3

Finance Leases, Current lease liabilities

^[1]

14.1

10.2

Finance Leases, Long-term lease liabilities

^[1]

91.3

57.6

Finance Leases, Total lease liabilities

^[1]

105.4

67.8

Operating Leases, Lease assets

^[2]

1,095.2

1,134.9

Operating Leases, Current lease liabilties

^[2]

114.1

112.4

Operating Leases, Long-term lease liabilities

^[2]

1,084.5

1,125.8

Operating Leases, Total lease liabilities

^[2]

1,198.6

1,238.2

Total Leases, Lease assets

1,188.6

1,186.2

Total Leases, Current lease liabilities

128.2

122.6

Total Leases, Long-term lease liabilities

1,175.8

1,183.4

Total Leases, Total lease liabilities

$ 1,304.0

$ 1,306.0

Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]

Property, Plant and Equipment, Gross

Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]

Other accrued liabilities

Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]

Long-term debt and finance leases, less current installments

[1]	Finance lease assets are recorded in Property and equipment, at cost, and the related current and long-term lease liabilities are recorded within Other accrued liabilities and Long-term debt and finance leases, less current installments, respectively.
[2]	Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.

ACCRUED LIABILITIES (Tables)

12 Months Ended

Jun. 26, 2024

Accrued and other liabilities [Abstract]

Other Accrued Liabilities

Other accrued liabilities consist of the following:


	June 26, 2024		June 28, 2023
Insurance	$	31.4	$	29.3
Property tax	24.6		24.5
Sales tax	18.4		17.3
Interest	18.1		6.4

Current installments of finance lease obligations	14.1		10.2
Utilities and services	10.0		10.4
Other	28.1		18.2
	$	144.7	$	116.3

INCOME TAXES (Deferred Income Tax Assets And Liabilities) (Details) - USD ($) $ in Millions	Jun. 26, 2024	Jun. 28, 2023
Deferred income tax assets:
Lease liabilities	$ 472.4	$ 451.5
Gift cards	8.3	9.2
Insurance reserves	15.2	13.7
Stock-based compensation	10.3	9.5
Federal credit carryover	61.2	59.5
Depreciation and capitalized interest on property and equipment	15.8	0.0
Net operating losses	4.4	4.2
State credit carryover	1.8	2.1
Restructure charges and impairments	3.0	2.1
Other, net	11.9	9.7
Less: Valuation allowance	(5.8)	(4.3)
Total deferred income tax assets	598.5	557.2
Deferred income tax liabilities:
Lease assets	444.0	421.9
Goodwill and other amortization	23.0	23.2
Depreciation and capitalized interest on property and equipment	0.0	0.7
Prepaid expenses	16.8	17.3
Other, net	0.8	0.7
Total deferred income tax liabilities	484.6	463.8
Deferred income taxes, net	$ 113.9	$ 93.4

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 26, 2024

Total Stock-based Compensation Expenses and Related Total Income Tax Benefit Recognized

Presented below is total stock-based compensation expenses, and the related total income tax benefit recognized in the Consolidated Statements of Comprehensive Income:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Stock-based compensation expenses	$	25.9	$	14.4	$	18.6
Tax benefit related to stock-based compensation expenses	4.3		2.6		3.9

Fair Value of Restricted Share Awards Vested

The fair value of shares that vested is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Fair value of restricted share awards vested	$	16.8	$	16.1	$	18.1

Intrinsic Value and Related Tax Benefit of Options Exercised

The intrinsic value and related tax benefit of options exercised is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Intrinsic value of options exercised	$	11.5	$	3.3	$	0.2
Tax benefit realized on options exercised	1.1		0.8		—

Restricted Shares

Stock Based Transactions During the Fiscal Year

Restricted share award transactions, including performance shares reflected at target, during fiscal 2024 were as follows (fair value per award in dollars):


	Number of Restricted Share Awards	Weighted Average Grant Date Fair Value Per Award
Restricted share awards outstanding at June 28, 2023	1.5	$	36.97
Granted	0.7	35.03
Vested	(0.5)	39.18
Forfeited	(0.1)	34.69
Restricted share awards outstanding at June 26, 2024	1.6	$	35.12

Stock Options

Stock Based Transactions During the Fiscal Year

Stock option transactions during fiscal 2024 were as follows (option prices in dollars):


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Stock options outstanding at June 28, 2023	1.0	$	40.74

Exercised	(0.7)	40.94
Forfeited or canceled	(0.1)	49.09
Stock options outstanding and exercisable at June 26, 2024	0.2	$	38.03	1.9	$	8.5

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 26, 2024

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Debt Instruments

The fair values of these notes are based on quoted market prices and are considered Level 2 fair value measurements, and the carrying amounts and the fair values are as follows:


	June 26, 2024				June 28, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
5.000% notes	$	349.8	$	349.6	$	349.0	$	343.5
8.250% notes	345.2		367.8		344.3		348.3

Carrying Values and Impairment Charges Recorded for Long-lived Assets

The table below presents the carrying values and related charges recorded on these impaired restaurants for the periods presented:


					Impairment Charges
	Pre-Impairment Carrying Value				Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 26, 2024		June 28, 2023

Property and equipment	$	10.2	$	10.2	$	9.3	$	10.2
Reacquired franchise rights	0.4		0.3		0.4		0.3
Operating lease assets	21.4		21.4		2.5		1.5
Total	$	32.0	$	31.9	$	12.2	$	12.0

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 26, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jun. 26, 2024

Nature Of Operations And Summary Of Significant Accounting Policies Narrative [Abstract]

Nature Of Operations

Nature of Operations

The Company is principally engaged in the ownership, operation, development and franchising of the Chili’s® Grill & Bar (“Chili’s”) and Maggiano’s Little Italy® (“Maggiano’s”) restaurant brands. As of June 26, 2024, we owned, operated or franchised 1,614 restaurants, consisting of 1,171 Company-owned restaurants and 443 franchised restaurants, located in the United States, 27 other countries and two United States territories.

Principles Of Consolidation

Principles of Consolidation - The Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), and include the accounts of Brinker International, Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. All amounts within the Notes to Consolidated Financial Statements are presented in millions unless otherwise specified.

Fiscal Year

Fiscal Year - We have a 52 or 53 week fiscal year ending on the last Wednesday in June. We utilize a 13 week accounting period for quarterly reporting purposes, except in years containing 53 weeks when the fourth quarter contains 14 weeks. Fiscal 2024, Fiscal 2023 and Fiscal 2022 which ended on June 26, 2024, June 28, 2023 and June 29, 2022 respectively, each contained 52 weeks.

Reclassifications

Reclassifications - Beginning in fiscal 2023, we are presenting certain revenue streams related to gift cards, digital entertainment, Maggiano’s banquet service charges and delivery fees within Company sales to better align with the presentation used within the casual dining industry. Our presentation of Franchise revenues will now include only revenues related to the ongoing franchise-operated restaurants. Comparative figures in prior years have been adjusted to conform to the current year’s presentation. These reclassifications have no effect on Total revenues or Net income previously reported.

Use Of Estimates

Use of Estimates - The preparation of the Consolidated Financial Statements is in conformity with GAAP and requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements, and the reported amounts of revenues and costs and expenses in the reporting periods. Actual results could differ from those estimates.

Cash And Cash Equivalents

Cash and Cash Equivalents - Our policy is to invest cash in excess of operating requirements in income-producing investments. Income-producing investments with original maturities of three months or less are reflected as cash equivalents.

Accounts Receivable

Accounts Receivable - Accounts receivable, net of the allowance for credit losses, represents the estimated net realizable value. Our primary accounts receivables are due from third-party gift card sales, vendor rebates, restaurant sales made with credit cards and franchisees. Provisions for credit losses are recorded based on management’s judgment regarding our ability to collect as well as the age of the receivables. Accounts receivable are written off when they are deemed uncollectible.

Inventories

Inventories - Inventories consist of food, beverages and supplies and are valued at the lower of cost (using the first-in, first-out method) or net realizable value.

Cloud-Based Computing Arrangements

Cloud-Based Computing Arrangements - The Company defers application development stage costs for cloud-based computing arrangements and amortizes those costs over the related service (subscription) agreement. The current and long term portion is included in Prepaid expenses and Other assets in the Consolidated Balance Sheets, respectively.

Fair Value Measurements

Fair Value Measurements - Fair value is the price that would be received to sell an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date under market conditions. Fair value measurements are categorized in three levels based on the types of significant inputs used, as follows:


Level 1			Quoted prices in active markets for identical assets or liabilities
Level 2			Observable inputs available at measurement date other than quote prices included in Level 1
Level 3			Unobservable inputs that cannot be corroborated by observable market data

Property And Equipment

Property and Equipment - Property and equipment is recorded at cost and depreciated using the straight-line method over the lesser of the remaining term of the lease, including certain renewal options, or the estimated useful lives of the assets. Typical useful lives of our Buildings and leasehold improvements range from 5 to 20 years, and Furniture and equipment range from 3 to 7 years.

Depreciation expenses related to property and equipment for the fiscal years ended June 26, 2024, June 28, 2023, and June 29, 2022, of $167.9 million, $165.3 million, and $161.3 million, respectively, were recorded in Depreciation and amortization in the Consolidated Statements of Comprehensive Income. Routine repair and maintenance costs are expensed when incurred. Major replacements and improvements are capitalized.

We review the carrying amount of property and equipment on an annual basis or when events or circumstances indicate that the carrying amount may not be recoverable. We have determined the restaurant level is the lowest level of identifiable cash flows. If the carrying amount is not recoverable, we record an impairment charge for the excess of the carrying amount over the fair value. We determine fair value based on discounted projected future operating cash flows of the restaurants over their remaining service life using a risk adjusted discount rate that is commensurate with the inherent risk that is considered Level 3 (refer to Fair Value Measurements policy above for definition of levels). Impairment charges are included in Other (gains) and charges in the Consolidated Statements of Comprehensive Income.

Leases

Leases - We recognize, on the balance sheet, the lease assets and related lease liabilities for the rights and obligations created at lease commencement by operating and finance leases with lease terms of more than 12 months. The lease term commences on the date the lessor makes the underlying asset or assets available, irrespective of when lease payments begin under the contract. When determining the lease term at commencement, we consider both termination and renewal option periods available, and only include the period for which failure to renew the lease imposes a penalty on us in such an amount that renewal, or termination options, appear to be reasonably certain.

Our lease liability is generally based on the present value of the lease payments, consisting of fixed costs and certain rent escalations, using our incremental borrowing rate applicable to the lease term. The lease asset is generally based on the lease liability, adjusted for amounts related to other lease-related assets and liabilities. Our adjustments typically include prepaid rent, landlord contributions as a reduction to the asset and favorable or unfavorable lease purchase price adjustments.

The interest rates used in our lease contracts are not implicit. We have derived our incremental borrowing rate using the interest rate we would pay on our existing borrowings, adjusted for the effect of designating collateral and the lease terms using market data as well as publicly available data for instruments with similar characteristics. The reasonably certain lease term and incremental borrowing rate for each lease requires judgment by management and can impact the classification and accounting for a lease as operating or finance, as well as the value of the lease asset and lease liability.

Lease asset carrying amounts are assessed for impairment annually or when events or circumstances indicate that the carrying amount may not be recoverable, in accordance with our long-lived asset impairment policy. We monitor for events or changes in circumstances that require reassessment of lease classification. When a reassessment results in the re-measurement of a lease liability, a corresponding adjustment is made to the carrying amount of the lease asset.

Variable lease costs, consisting primarily of property taxes, maintenance expenses and contingent rent, are expensed as incurred in Restaurant expenses related to restaurant properties and General and administrative for our corporate headquarters in the Consolidated Statements of Comprehensive Income and are not included in lease liabilities in the Consolidated Balance Sheets. Contingent rent represents payment of variable lease obligations based on a percentage of sales, as defined by the terms of the applicable lease, for certain restaurant facilities and is recorded at the point in time we determine that it is probable that such sales levels will be achieved.

Operating lease expenses are recognized on a straight-line basis over the lease term in Restaurant expenses for restaurant properties and General and administrative for our corporate headquarters, in the Consolidated Statements of Comprehensive Income.

Finance lease expenses are recognized on a straight-line basis over the lesser of the useful life of the leased asset or the lease term and the expenses are recognized in Depreciation and amortization in the Consolidated Statements of Comprehensive Income. Interest on each finance lease liability is recorded to Interest expenses in the Consolidated Statements of Comprehensive Income.

Definite-lived Intangible Assets

Definite-Lived Intangible Assets - Definite-lived intangible assets primarily include the reacquired franchise rights resulting from our acquisitions and included in Intangibles, net in the Consolidated Balance Sheets. These assets are amortized using the straight-line method over the remaining term of the related franchise agreement. We determine the fair value of reacquired franchise rights based on discounted projected future operating cash flows of the restaurants associated with these franchise rights. We review the carrying amount annually or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the carrying amount is not recoverable, we record an impairment charge for the excess of the carrying amount over the fair value. Impairment charges are included in Other (gains) and charges in the Consolidated Statements of Comprehensive Income.

Indefinite-lived Intangible Assets

Indefinite-Lived Intangible Assets - The costs of obtaining non-transferable liquor licenses from local government agencies are expensed over the specified term of the license to Restaurant expenses in the Consolidated Statements of Comprehensive Income. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived intangible assets and included in Intangibles, net in the Consolidated Balance Sheets.

Transferable liquor licenses are tested for impairment annually or more frequently if events or circumstances indicate that the asset might be impaired. Impairment charges are recognized based on the excess of carrying value over fair value. We determine fair value based on prices in the open market for licenses in same or similar jurisdictions. Impairment charges are included in Other (gains) and charges in the Consolidated Statements of Comprehensive Income.

Goodwill

Goodwill - Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is assigned to the reporting unit in which the acquired business will operate for purposes of impairment testing. Goodwill is tested for impairment annually, during the second quarter of each fiscal year, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Our two restaurant brands, Chili’s and Maggiano’s, are both operating segments and reporting units.

We may elect to perform a qualitative assessment to determine whether it is more likely than not that a reporting unit is impaired. If the qualitative assessment is not performed or if we determine that it is not more likely than not that the fair value of the reporting unit exceeds the carrying value, the fair value of the reporting unit is calculated. The carrying value of the reporting unit is compared to its estimated fair value, and if the carrying value of a reporting unit exceeds its fair value, goodwill is written down to its implied fair value.

During fiscal 2024, fiscal 2023 and fiscal 2022, we performed our annual goodwill impairment analysis using a qualitative approach to determine whether indicators of impairment exist. Related to the qualitative assessment, we evaluated factors including our market capitalization, as well as the market capitalization of other companies in the restaurant industry, sales at our restaurants and significant adverse changes in the operating environment for the restaurant industry. Based on these factors, no indicators of impairment were identified during our annual analysis performed in the second quarters of fiscal 2024, fiscal 2023 and fiscal 2022. Additionally, no indicators of impairment were identified through the end of each fiscal year.

Insurance Reserves

Insurance Reserves - We are self-insured for certain losses related to health, general liability and workers’ compensation. We maintain stop loss coverage with third-party insurers to limit our total exposure. The self-insurance liability represents an estimate of the ultimate cost of claims incurred and unpaid as of the balance sheet date. The estimated liability is not discounted and is established based upon analysis of historical data and actuarial estimates and is reviewed on a quarterly basis to ensure that the liability is appropriate. The estimated incurred but unreported costs to settle unpaid claims are included in Other accrued liabilities and Other liabilities, depending on their current or long-term nature, in the Consolidated Balance Sheets.

Preferred Stock

Preferred Stock - Our Board of Directors is authorized to provide for the issuance of 1.0 million preferred shares with a par value of $1.00 per share, in one or more series, and to fix the voting rights, liquidation preferences, dividend rates, conversion rights, redemption rights, and terms, including sinking fund provisions, and certain other rights and preferences. As of June 26, 2024, no preferred shares were issued.

Revenues

Revenues - Revenues are presented in the Company sales and Franchise revenues captions in the Consolidated Statements of Comprehensive Income.

Company Sales - Company sales include revenues generated by the operation of Company-owned restaurants including food and beverage sales, net of discounts, Maggiano’s banquet service charge income, gift card breakage, delivery, digital entertainment revenues, merchandise income and are net of gift card discount costs from third-party gift card sales. We record revenues from the sale of food, beverages and alcohol, net of discounts, upon delivery to the customer. Sales taxes assessed by a governmental authority that are both imposed on and concurrent with specific revenue transactions and collected from a customer have been excluded from revenues.

Gift card breakage represents the monetary value associated with outstanding gift card balances that will not be redeemed. We estimate this amount based on our historical gift card redemption patterns and actuarial estimates, update the breakage rate estimate periodically and if necessary, adjust the deferred revenues balance within the Gift card liability in the Consolidated Balance Sheets. Breakage revenues are recognized proportionate to the pattern of related gift card redemptions. We do not charge dormancy, or any other fees related to monitoring or administering the gift card program to cardholders. Additionally, proceeds from the sale of gift cards are recorded as deferred revenues in the Gift card liability in the Consolidated Balance Sheets and recognized as Company sales when the gift card is redeemed by the holder.

Our gift cards are sold through various outlets such as in-restaurant, Chili’s and Maggiano’s websites, directly to other businesses and through third-party distributors that sell our gift cards at retail locations. We incur incremental direct costs, such as commissions and activation fees, for gift cards sold by third-party businesses and distributors. These gift card discount costs are deferred and amortized against revenues proportionate to the pattern of related gift card redemptions.

Franchise Revenues - Franchise revenues include royalties, franchise advertising fees, franchise and development fees and gift card equalization. Franchise royalties are based on a percentage of the sales generated by our franchise-operated restaurants. The performance obligation related to franchise sales is considered complete upon the sale of food, beverages and alcohol, therefore royalty revenues are recognized in the same period the sales are generated at the franchise-operated restaurants. Franchise advertising contributions from domestic franchisees are contractually obligated to contribute into certain advertising and marketing funds. Franchise and Development Fees are received from franchises for new restaurant openings and for territory development arrangements. The performance obligation related to these arrangements are collectively deferred as a contract liability and recognized on a straight-

line basis into Franchise revenues in the Consolidated Statements of Comprehensive Income over the term of the underlying agreements.

Advertising Expenses

Advertising Expenses - Advertising production costs are expensed in the period when the advertising first takes place. Other advertising costs are expensed as incurred. In the fiscal years ended June 26, 2024, June 28, 2023 and June 29, 2022, advertising expenses of $130.2 million, $58.2 million and $37.4 million, respectively, were included in Restaurant expenses, and advertising contributions from franchisees of $6.0 million, $3.0 million and $2.4 million, respectively, were recorded in Franchise revenues in the Consolidated Statements of Comprehensive Income.

Income Taxes

Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

We record a liability for unrecognized tax benefits resulting from tax positions taken, or expected to be taken, in an income tax return that is not more-likely-than-not to be realized. We recognize any interest and penalties related to unrecognized tax benefits in Provision (benefit) for income taxes in the Consolidated Statements of Comprehensive Income. Additionally, income taxes are computed on a consolidated legal jurisdiction basis with no regard to brand.

Stock-Based Compensation

Stock-Based Compensation - We measure and recognize compensation costs at fair value for all share-based payments. We record compensation expenses using a graded-vesting schedule or on a straight-line basis, as applicable, over the vesting period, or the date on which retirement eligibility is achieved, if earlier. We recognize compensation expenses for only the portion of share-based awards that are expected to vest. Therefore, we apply estimated forfeiture rates that are derived from our historical forfeitures of similar awards.

Certain employees are eligible to receive stock options, performance shares, restricted stock and restricted stock units, while non-employee members of the Board of Directors are eligible to receive stock options, restricted stock and restricted stock units. Awards granted to the Board of Directors are non-forfeitable and are fully expensed upon grant. Awards to eligible employees may vest over a specified period of time or service period and may also contain performance-based conditions. The fair values of restricted stock and restricted stock units that do not contain a performance condition are based on our closing stock price on the date of grant, while the fair value of stock options, if granted, is estimated using the Black-Scholes option-pricing model on the date of grant.

Performance shares represent a right to receive shares of common stock upon satisfaction of Company performance goals usually at the end of a three-fiscal-year cycle. Vesting of performance shares granted are generally contingent upon meeting Company performance goals based on a specified range of earnings at the end of the three-fiscal-year period and may also include a market-based metric, such as TSR. Compensation expenses for the performance shares are recorded to General and administrative expenses based on management’s periodic estimates of the number of shares that will be earned under the Company performance metric, and the fair value of the shares as determined by our closing stock price on the date of grant, or by Monte Carlo simulation if a market-based metric is included. A cumulative expenses adjustment is recognized when that estimate changes.

Foreign Currency

Foreign Currency - Foreign currency translation adjustments represent the unrealized impact of translating the financial statements of our Canadian restaurants from their respective functional currency (Canadian dollars) to U.S. dollars and are reported as a component of comprehensive income and recorded in Accumulated other comprehensive loss on our Consolidated Balance Sheets.

Net Income Per Share

Net Income Per Share - Basic net income per share is computed by dividing Net income by the Basic weighted average shares outstanding for the reporting period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of Diluted net income per share, the Basic weighted average shares outstanding is increased by the dilutive effect of stock options and restricted share awards. Stock options and restricted share awards with an anti-dilutive effect are not included in the Diluted net income per share calculation.

Chili's Restaurant Acquisitions

Chili’s Restaurant Acquisitions

During fiscal 2022, we completed the acquisitions of 68 Chili’s restaurants from three former franchisees. We accounted for these acquisitions as a business combination. Total purchase price, including post-closing adjustments was $106.7 million. The results of operations, and assets and liabilities, of these restaurants are included in the Consolidated Financial Statements from the acquisition dates.

New Accounting Standards Implemented

Recently Issued Accounting Standards or Disclosure Rules

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, which would require us to adopt the provisions in our fiscal 2025 Form 10-K. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. Management does not expect this ASU to have a material impact on our disclosures.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disaggregated information about a company’s effective tax rate reconciliation and requires disclosure of income taxes paid by jurisdiction. The amendments are effective for fiscal years beginning after December 15, 2024, which would require us to adopt the provisions in our fiscal 2026 Form 10-K. Early adoption is permitted. The amendments should be applied prospectively; however, retrospective application is permitted. Management is currently evaluating this ASU to determine its impact on our disclosures.

In March 2024, the SEC adopted the final rule under SEC Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors. This rule will require registrants to disclose certain climate-related information in registration statements and annual reports. In April 2024, the SEC voluntarily stayed the final rule as a result of pending legal challenges. The disclosure requirements will apply to our fiscal year beginning June 26, 2025 (fiscal 2026 Form 10-K), pending resolution of the stay. Management is currently evaluating the final rule to determine its impact on our disclosures.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock	Accumulated Other Comprehensive Loss
Balance, shares at Jun. 30, 2021		45.9
Balance at Jun. 30, 2021	$ (303.3)	$ 7.0	$ 685.4	$ (266.1)	$ (724.9)	$ (4.7)
Increase (Decrease) in Stockholders' Equity (Deficit) [Roll Forward]
Net income	117.6	0.0	0.0	117.6	0.0	0.0
Other comprehensive loss	(0.6)	0.0	0.0	0.0	0.0	(0.6)
Dividends	0.1	0.0	0.0	0.1	0.0	0.0
Stock-based compensation	18.6	$ 0.0	18.6	0.0	0.0	0.0
Purchases of treasury stock, shares		(2.4)
Purchases of treasury stock	(100.9)	$ 0.0	(2.0)	0.0	(98.9)	0.0
Issuances of treasury stock, shares		0.3
Issuances of treasury stock	0.4	$ 0.0	(11.1)	0.0	11.5	0.0
Balance, shares at Jun. 29, 2022		43.8
Balance at Jun. 29, 2022	(268.1)	$ 7.0	690.9	(148.4)	(812.3)	(5.3)
Increase (Decrease) in Stockholders' Equity (Deficit) [Roll Forward]
Net income	102.6	0.0	0.0	102.6	0.0	0.0
Other comprehensive loss	(0.7)	0.0	0.0	0.0	0.0	(0.7)
Dividends	0.0	0.0	0.0	0.0	0.0	0.0
Stock-based compensation	14.4	$ 0.0	14.4	0.0	0.0	0.0
Purchases of treasury stock, shares		(0.1)
Purchases of treasury stock	(5.0)	$ 0.0	(0.4)	0.0	(4.6)	0.0
Issuances of treasury stock, shares		0.9
Issuances of treasury stock	$ 12.5	$ 0.0	(14.9)	0.0	27.4	0.0
Retirement of stock, shares	10.0	0.0
Retirement of stock	$ 0.0	$ (1.0)	0.0	(306.1)	307.1	0.0
Balance, shares at Jun. 28, 2023	44.6	44.6
Balance at Jun. 28, 2023	$ (144.3)	$ 6.0	690.0	(351.9)	(482.4)	(6.0)
Increase (Decrease) in Stockholders' Equity (Deficit) [Roll Forward]
Net income	155.3	0.0	0.0	155.3	0.0	0.0
Other comprehensive loss	(0.3)	0.0	0.0	0.0	0.0	(0.3)
Dividends	0.0	0.0	0.0	0.0	0.0	0.0
Stock-based compensation	25.9	$ 0.0	25.9	0.0	0.0	0.0
Purchases of treasury stock, shares		(0.8)
Purchases of treasury stock	(25.8)	$ 0.0	(0.5)	0.0	(25.3)	0.0
Issuances of treasury stock, shares		1.2
Issuances of treasury stock	$ 28.6	$ 0.0	(7.6)	0.0	36.2	0.0
Balance, shares at Jun. 26, 2024	45.0	45.0
Balance at Jun. 26, 2024	$ 39.4	$ 6.0	$ 707.8	$ (196.6)	$ (471.5)	$ (6.3)

STOCK-BASED COMPENSATION (Total Stock-based Compensation Expenses and Related Total Income Tax Benefit Recognized) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Total Stock-based Compensation Expenses and Related Total Income Tax Benefit Recognized [Line Items]
Stock-based compensation expenses	$ 25.9	$ 14.4	$ 18.6
Tax benefit related to stock-based compensation expenses	$ 4.3	$ 2.6	$ 3.9

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Revenues
Total revenues	$ 4,415.1	$ 4,133.2	$ 3,804.1
Operating costs and expenses
Food and beverage costs	1,107.6	1,146.3	1,048.5
Restaurant labor	1,467.3	1,389.3	1,288.1
Restaurant expenses	1,212.9	1,097.5	968.3
Depreciation and amortization	170.8	168.5	164.4
General and administrative	183.7	154.5	144.1
Other (gains) and charges	43.2	32.7	31.2
Total operating costs and expenses	4,185.5	3,988.8	3,644.6
Operating income	229.6	144.4	159.5
Interest expenses	65.0	54.9	46.1
Other income, net	(0.3)	(1.3)	(1.8)
Income before income taxes	164.9	90.8	115.2
Provision (benefit) for income taxes	9.6	(11.8)	(2.4)
Net income	$ 155.3	$ 102.6	$ 117.6
Basic net income per share	$ 3.49	$ 2.33	$ 2.62
Diluted net income per share	$ 3.40	$ 2.28	$ 2.58
Basic weighted average shares outstanding	44.4	44.1	44.8
Diluted weighted average shares outstanding	45.7	45.0	45.6
Other comprehensive loss
Foreign currency translation adjustment	$ (0.3)	$ (0.7)	$ (0.6)
Other comprehensive loss	(0.3)	(0.7)	(0.6)
Comprehensive Income	155.0	101.9	117.0
Company sales [Member]
Revenues
Revenues	4,371.1	4,093.2	3,764.5
Franchise revenues [Member]
Revenues
Revenues	$ 44.0	$ 40.0	$ 39.6

OTHER GAINS AND CHARGES

12 Months Ended

Jun. 26, 2024

Other Gains and Charges [Abstract]

OTHER GAINS AND CHARGES

Other (gains) and charges in the Consolidated Statements of Comprehensive Income consist of the following:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Enterprise system implementation costs	$	14.0	$	4.7	$	2.4
Restaurant level impairment charges	12.3		12.1		8.5
Restaurant closure asset write-offs and charges	10.1		8.3		3.7
Litigation & claims, net	6.6		2.5		3.4
Lease contingencies	0.8		2.0		3.1
Severance	0.5		3.7		—
Remodel-related asset write-offs	0.5		1.1		4.9
Gain on sale of assets, net	(2.7)		(3.7)		—

Other	1.1		2.0		5.2
	$	43.2	$	32.7	$	31.2

Enterprise system implementation costs primarily consists of software subscription fees, certain consulting fees, and contract labor associated with the ongoing enterprise system implementation.

Restaurant level impairment charges primarily associated with the following long-lived assets:

•Fiscal 2024 - 35 underperforming Chili’s restaurants. Refer to Note 3 - Fair Value Measurements for further details.

•Fiscal 2023 - 38 underperforming Chili’s restaurants.

•Fiscal 2022 - 30 underperforming Chili’s and two underperforming Maggiano’s restaurants.

Restaurant closure asset write-offs and charges includes costs associated with the closure of certain Chili’s and Maggiano’s restaurants.

Litigation & claims, net primarily relates to claims on alcohol service cases and legal contingencies.

Lease contingencies includes expenses related to certain sublease receivables and lease guarantees for divested brands when we have determined it is probable that the current lessee will default on the lease obligation. Refer to Note 8 - Commitments and Contingencies for additional information about our secondarily liable lease guarantees.

Severance relates to changes in our management team and organizational structure.

Remodel-related asset write-offs relates to assets that are removed or discarded in connection with Chili’s and Maggiano’s remodel projects.

Gain on sale of assets, net relates to sale of land parcel for a closed Chili’s restaurant in fiscal 2024 and sale of land parcels on three previously closed Chili’s restaurants in fiscal 2023.

INCOME TAXES

12 Months Ended

Jun. 26, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

Income before income taxes consists of the following:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Domestic	$	161.8	$	87.8	$	113.5
Foreign	3.1		3.0		1.7
Income before income taxes	$	164.9	$	90.8	$	115.2

The Provision (benefit) for income taxes and effective tax rate consists of the following:


	Fiscal Years Ended
	June 26, 2024			June 28, 2023			June 29, 2022
Current income tax expenses:
Federal	$	17.5		$	12.2		$	5.8
State	12.3			6.8			3.7
Foreign	0.4			0.2			(0.3)
Total current income tax expenses	30.2			19.2			9.2
Deferred income tax (benefit) expenses:
Federal	(18.2)			(29.5)			(15.7)
State	(2.5)			(2.0)			3.7
Foreign	0.1			0.5			0.4
Total deferred income tax (benefit) expenses	(20.6)			(31.0)			(11.6)
Provision (benefit) for income taxes	$	9.6		$	(11.8)		$	(2.4)

Effective tax rate	5.8		%	(13.0)		%	(2.1)		%

A reconciliation between the reported Provision (benefit) for income taxes and the amount computed by applying the statutory Federal income tax rate to Income before income taxes is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Income tax expense at statutory rate	$	34.6	$	19.0	$	24.2
FICA and other tax credits	(34.2)		(34.6)		(32.9)
State income taxes, net of Federal benefit	7.7		4.7		6.2
Officers' compensation	3.7		0.0		0.9
Stock based compensation tax shortfall (windfall)	(1.2)		0.8		(0.7)
Other	(1.0)		(1.7)		(0.1)
Provision (benefit) for income taxes	$	9.6	$	(11.8)	$	(2.4)

Our federal statutory tax rate for fiscal 2024, fiscal 2023 and fiscal 2022 was 21.0%.

Deferred Tax and Allowances

The income tax effects of temporary differences that give rise to significant portions of deferred income tax assets and liabilities are as follows:


	June 26, 2024		June 28, 2023
Deferred income tax assets:
Lease liabilities	$	472.4	$	451.5
Gift cards	8.3		9.2
Insurance reserves	15.2		13.7
Stock-based compensation	10.3		9.5
Federal credit carryover	61.2		59.5
Depreciation and capitalized interest on property and equipment	15.8		—
Net operating losses	4.4		4.2
State credit carryover	1.8		2.1
Restructure charges and impairments	3.0		2.1
Other, net	11.9		9.7
Less: Valuation allowance	(5.8)		(4.3)
Total deferred income tax assets	598.5		557.2
Deferred income tax liabilities:
Lease assets	444.0		421.9
Goodwill and other amortization	23.0		23.2
Depreciation and capitalized interest on property and equipment	—		0.7
Prepaid expenses	16.8		17.3
Other, net	0.8		0.7
Total deferred income tax liabilities	484.6		463.8
Deferred income taxes, net	$	113.9	$	93.4

As of June 26, 2024, we have deferred tax assets of $5.5 million reflecting the benefit of state loss carryforwards, before federal benefit and valuation allowance, which expire at various dates between 2025 and 2044. We have deferred tax assets of $61.2 million of federal and $2.3 million of state tax credits, before federal benefit and valuation allowance, which expire at various dates between 2025 and 2044. The recognized deferred tax asset, net of valuation allowance and federal benefit, for the state loss carryforwards is $2.5 million and the state tax credit carryforwards is $0.5 million. There is no valuation allowance on the federal credit carryover and $5.1 million is limited by Section 382 of the Internal Revenue Code.

The valuation allowance is $5.8 million at the end of fiscal 2024 to recognize certain deductions and tax credits management believes are more-likely-than-not to not be realized. In assessing whether a deferred tax asset will be realized, we consider the likelihood of the realization, and the reversal of existing taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income, as of June 26, 2024, we believe it is more-likely-than-not that we will realize the benefits of the deferred tax assets, net of the existing valuation allowances.

Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits are as follows:


	June 26, 2024		June 28, 2023
Balance at beginning of year	$	2.8	$	3.7
Additions based on tax positions related to the current year	0.4		0.4
Additions (Decreases) based on tax positions related to prior years	—		0.1

Expiration of statute of limitations	(0.3)		(1.4)
Balance at end of year	$	2.9	$	2.8

The total amount of unrecognized tax benefits, excluding interest and penalties, which would affect income tax expenses if resolved in our favor was $2.3 million and $2.2 million as of June 26, 2024 and June 28, 2023, respectively. We do not expect any material changes to our liability for uncertain tax positions in the next 12 months.

We recognize accrued interest and penalties related to unrecognized tax benefits in Provision (benefit) for income taxes in the Consolidated Statements of Comprehensive Income. As of June 26, 2024, we had $0.2 million ($0.2 million net of a $0.0 million Federal deferred tax benefit) of interest and penalties accrued, compared to $0.2 million ($0.2 million net of a $0.0 million Federal deferred tax benefit) as of June 28, 2023.

Our income tax returns are subject to examination by taxing authorities in the jurisdictions in which we operate. The periods subject to examination for our federal return are fiscal 2023 to fiscal 2025, and fiscal 2021 to fiscal 2023 for our Canadian returns. State income tax returns are generally subject to examination for a period of three to five years from date return is filed. We have various state income tax returns in the process of examination or settlements. Our federal returns for fiscal 2023 to 2024 are currently under examination through the Internal Revenue Service: Compliance Assurance Process (CAP) program. Our federal return for fiscal 2025 is under examination through the Internal Revenue Service: Bridge Plus program. There are no unrecorded liabilities associated with these examinations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Audit Information	12 Months Ended
Audit Information	Jun. 26, 2024
Auditor Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Dallas, TX
Auditor Firm ID	185

STOCK-BASED COMPENSATION (Stock Options) (Details) - shares shares in Millions	3 Months Ended		12 Months Ended
	Sep. 28, 2022	Sep. 29, 2021	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of options			0.0	0.0	0.0
Stock Options With a Performance Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance stock options vested, shares		0.4
Performance stock options forfeited, shares	0.4
Stock Options Without a Performance Condition [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term of stock options, in years			8 years
Stock Options Without a Performance Condition [Member] \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			1 year
Stock Options Without a Performance Condition [Member] \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			4 years

LEASES (Consolidated Statement of Comprehensive Income Disclosure of Lease Amounts) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Leases - Consolidated Statement of Comprehensive Income Disclosure of Lease Amounts [Abstract]
Operating lease cost	$ 182.5	$ 181.0	$ 173.7
Finance lease amortization	14.0	19.7	21.9
Finance lease interest	4.2	4.1	5.5
Short-term lease cost	0.3	0.3	0.6
Variable lease cost	63.4	63.5	60.5
Sublease income	(1.2)	(2.8)	(4.2)
Total lease costs, net	$ 263.2	$ 265.8	$ 258.0

DEBT (Long-Term Debt Maturities Excluding Finance Lease Obligations and Interest) (Details) $ in Millions	Jun. 26, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 350.0
2026	0.0
2027	0.0
2028	0.0
2029	0.0
Thereafter	350.0
Total long-term debt maturities	$ 700.0

SEGMENT INFORMATION (Segment Results) (Details) $ in Millions	12 Months Ended
	Jun. 26, 2024 USD ($) Country Location	Jun. 28, 2023 USD ($)	Jun. 29, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of foreign countries operating in \| Country	27
Number of territories \| Location	2
Segment Information, disclosure of major customers	We do not rely on any major customers as a source of sales
Total revenues	$ 4,415.1	$ 4,133.2	$ 3,804.1
Food and beverage costs	1,107.6	1,146.3	1,048.5
Restaurant labor	1,467.3	1,389.3	1,288.1
Restaurant expenses	1,212.9	1,097.5	968.3
Depreciation and amortization	170.8	168.5	164.4
General and administrative	183.7	154.5	144.1
Other (gains) and charges	43.2	32.7	31.2
Total operating costs and expenses	4,185.5	3,988.8	3,644.6
Operating income (loss)	229.6	144.4	159.5
Interest expenses	65.0	54.9	46.1
Other income, net	(0.3)	(1.3)	(1.8)
Income before income taxes	164.9	90.8	115.2
Segment assets	2,593.1	2,487.0
Payments for property and equipment	$ 198.9	184.9	150.3
Chili's Restaurants [Member]
Segment Reporting Information [Line Items]
Number of territories \| Location	2
Total revenues	$ 3,919.3	3,646.1	3,379.6
Food and beverage costs	990.7	1,022.9	945.9
Restaurant labor	1,309.0	1,232.3	1,146.5
Restaurant expenses	1,073.2	966.2	849.8
Depreciation and amortization	147.7	145.3	139.8
General and administrative	42.8	35.5	33.3
Other (gains) and charges	26.9	22.0	23.3
Total operating costs and expenses	3,590.3	3,424.2	3,138.6
Operating income (loss)	329.0	221.9	241.0
Interest expenses	3.9	3.7	5.1
Other income, net	0.1	(0.1)	(0.3)
Income before income taxes	325.0	218.3	236.2
Segment assets	2,158.4	2,079.5
Payments for property and equipment	172.0	158.1	133.7
Maggiano's Restaurants [Member]
Segment Reporting Information [Line Items]
Total revenues	495.8	487.1	424.5
Food and beverage costs	116.9	123.4	102.6
Restaurant labor	158.3	157.0	141.6
Restaurant expenses	139.2	130.4	117.9
Depreciation and amortization	13.1	13.0	13.4
General and administrative	10.2	7.8	8.0
Other (gains) and charges	0.6	1.4	0.0
Total operating costs and expenses	438.3	433.0	383.5
Operating income (loss)	57.5	54.1	41.0
Interest expenses	0.3	0.3	0.4
Other income, net	0.0	0.0	0.0
Income before income taxes	57.2	53.8	40.6
Segment assets	259.1	244.5
Payments for property and equipment	16.5	16.6	9.1
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	0.0	0.0	0.0
Food and beverage costs	0.0	0.0	0.0
Restaurant labor	0.0	0.0	0.0
Restaurant expenses	0.5	0.9	0.6
Depreciation and amortization	10.0	10.2	11.2
General and administrative	130.7	111.2	102.8
Other (gains) and charges	15.7	9.3	7.9
Total operating costs and expenses	156.9	131.6	122.5
Operating income (loss)	(156.9)	(131.6)	(122.5)
Interest expenses	60.8	50.9	40.6
Other income, net	(0.4)	(1.2)	(1.5)
Income before income taxes	(217.3)	(181.3)	(161.6)
Segment assets	175.6	163.0
Payments for property and equipment	10.4	10.2	7.5
Company sales [Member]
Segment Reporting Information [Line Items]
Revenues	4,371.1	4,093.2	3,764.5
Company sales [Member] \| Chili's Restaurants [Member]
Segment Reporting Information [Line Items]
Revenues	3,876.0	3,606.7	3,340.5
Company sales [Member] \| Maggiano's Restaurants [Member]
Segment Reporting Information [Line Items]
Revenues	495.1	486.5	424.0
Company sales [Member] \| Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	0.0	0.0	0.0
Franchise revenues [Member]
Segment Reporting Information [Line Items]
Revenues	44.0	40.0	39.6
Franchise revenues [Member] \| Chili's Restaurants [Member]
Segment Reporting Information [Line Items]
Revenues	43.3	39.4	39.1
Franchise revenues [Member] \| Maggiano's Restaurants [Member]
Segment Reporting Information [Line Items]
Revenues	0.7	0.6	0.5
Franchise revenues [Member] \| Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues	$ 0.0	$ 0.0	$ 0.0

GOODWILL AND INTANGIBLES Definite-Lived Intangibles Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Definite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets, expected amortization, year one	$ 2.7
Definite-lived intangible assets, expected amortization, year two	2.7
Definite-lived intangible assets, expected amortization, year three	2.6
Definite-lived intangible assets, expected amortization, year four	0.9
Definite-lived intangible assets, expected amortization, year five	0.5
Chili's Restaurants [Member]
Definite-Lived Intangible Assets [Line Items]
Definite-lived intangibles amortization expense	$ 3.0	$ 3.2	$ 3.0

LEASES

12 Months Ended

Jun. 26, 2024

Leases [Abstract]

LEASES

As of June 26, 2024, 1,121 of our 1,171 Company-owned restaurant facilities were leased. We typically lease our restaurant facilities through ground leases (where we lease land only, but construct the building and leasehold improvements) or retail leases (where we lease the land/retail space and building, but construct the leasehold improvements). As of June 26, 2024, the restaurant leases have cumulative renewal clauses of 3 to 30 years at our option. Our leased restaurants typically have an initial lease term of 10 to 20 years, with one or more renewal terms ranging from 1 to 10 years. The leases typically provide for a fixed rental or a fixed rental plus percentage rentals based on sales volume. In addition to our restaurant facilities, we also lease our corporate headquarters location and certain equipment. Our lease agreements do not contain any material residual value guarantees or material covenant restrictions.

Consolidated Balance Sheet Disclosure of Lease Amounts

The following table includes a detail of lease assets and liabilities included in the Consolidated Balance Sheets:


	June 26, 2024
	Finance Leases(1)		Operating Leases(2)		Total Leases
Lease assets	$	93.4	$	1,095.2	$	1,188.6

Current lease liabilities	14.1		114.1		128.2
Long-term lease liabilities	91.3		1,084.5		1,175.8
Total lease liabilities	$	105.4	$	1,198.6	$	1,304.0


	June 28, 2023
	Finance Leases(1)		Operating Leases(2)		Total Leases
Lease assets	$	51.3	$	1,134.9	$	1,186.2

Current lease liabilities	10.2		112.4		122.6
Long-term lease liabilities	57.6		1,125.8		1,183.4
Total lease liabilities	$	67.8	$	1,238.2	$	1,306.0

Consolidated Statement of Comprehensive Income Disclosure of Lease Amounts


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Operating lease cost	$	182.5	$	181.0	$	173.7
Finance lease amortization	14.0		19.7		21.9
Finance lease interest	4.2		4.1		5.5
Short-term lease cost	0.3		0.3		0.6
Variable lease cost	63.4		63.5		60.5
Sublease income	(1.2)		(2.8)		(4.2)
Total lease costs, net	$	263.2	$	265.8	$	258.0

Consolidated Statement of Cash Flows Disclosure of Lease Amounts

Supplemental cash flow information related to leases recorded in the Consolidated Statements of Cash Flows is as follows:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Cash flows from operating activities
Cash paid related to lease liabilities
Operating leases	$	186.3	$	184.3	$	171.1
Finance leases	4.2		4.1		5.5
Cash flows from financing activities
Cash paid related to lease liabilities
Finance leases	20.1		22.1		23.7
Non-cash lease assets obtained in exchange for lease liabilities
Operating leases(1)	82.6		101.7		255.4
Finance leases	53.7		0.3		13.4

Weighted Average Lease Term and Discount Rate

Other information related to leases is as follows:

Fiscal Years Ended

June 26, 2024

June 28, 2023

Finance Leases

Operating Leases

Finance Leases

Operating Leases

Weighted average remaining lease term

7.4 years

11.6 years

9.9 years

11.8 years

Weighted average discount rate

5.9

6.0

5.5

5.8

Lease Maturity Analysis

Finance leases and Operating leases total future lease payments represent the contractual obligations due under the lease agreements, including cancellable option periods where we are reasonably assured to exercise the options. As of June 26, 2024, the future minimum lease payments on finance and operating leases, as well as sublease income were as follows:


	June 26, 2024
Fiscal Year	Finance Leases		Operating Leases		Sublease Income
2025	$	19.8	$	180.7	$	0.9
2026	22.9		174.8		0.8
2027	22.8		157.6		0.7
2028	22.9		139.1		0.4
2029	8.4		128.8		0.3
Thereafter	33.4		917.0		0.5
Total future lease payments	130.2		1,698.0		$	3.6
Less: Imputed interest	24.8		499.4
Present value of lease liability	$	105.4	$	1,198.6

Pre-Commencement Leases

In fiscal 2024, we executed four leases for new Chili’s locations and one lease for a new Maggiano’s location with undiscounted fixed payments over the initial term of $15.5 million. These leases will commence when the landlords make the property available to us for new restaurant construction. We will assess the reasonably certain lease term at the lease commencement date.

FAIR VALUE MEASUREMENTS

12 Months Ended

Jun. 26, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The fair values of cash and cash equivalents, accounts receivable and accounts payable approximate their carrying amounts because of the short maturity of these items.

The carrying amount of long-term debt outstanding related to our revolving credit facility approximates fair value as the interest rate on this instrument approximates current market rates (Level 2). As of the end of fiscal 2024, there was no outstanding balance on the revolving credit facility. Refer to Note 7 - Debt for more information regarding our long-term debt including our 5.000% and 8.250% notes. The fair values of these notes are based on quoted market prices and are considered Level 2 fair value measurements, and the carrying amounts and the fair values are as follows:


	June 26, 2024				June 28, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
5.000% notes	$	349.8	$	349.6	$	349.0	$	343.5
8.250% notes	345.2		367.8		344.3		348.3

We review the carrying amounts of non-financial assets, primarily long-lived property and equipment, finance lease assets, operating lease assets, reacquired franchise rights, goodwill and transferable liquor licenses annually or when events or circumstances indicate that the fair value may not substantially exceed the carrying amount. We determined the fair values of property and equipment, including finance lease assets, operating lease assets and reacquired franchise rights are based on Level 3 fair value measurements. The fair values of transferable liquor licenses are based on prices in the open market for licenses in the same or similar jurisdictions and are categorized as Level 2. We record an impairment charge for the excess of the carrying amount over the fair value.

During fiscal 2024 and fiscal 2023 we impaired certain long-lived assets and operating lease assets primarily related to 35 and 38 underperforming Chili’s restaurants, respectively. The table below presents the carrying values and related charges recorded on these impaired restaurants for the periods presented:


					Impairment Charges
	Pre-Impairment Carrying Value				Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 26, 2024		June 28, 2023

Property and equipment	$	10.2	$	10.2	$	9.3	$	10.2
Reacquired franchise rights	0.4		0.3		0.4		0.3
Operating lease assets	21.4		21.4		2.5		1.5
Total	$	32.0	$	31.9	$	12.2	$	12.0

During fiscal 2024 and fiscal 2023 we impaired certain transferable liquor licenses with related charges of $0.1 million in each of the respective fiscal years.

All impairment charges were included in Other (gains) and charges in the Consolidated Statements of Comprehensive Income for the periods presented. Refer to Note 13 - Other Gains and Charges for more information.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

OTHER GAINS AND CHARGES - Additional Information (Details) - Underperforming Restaurants [Member] - restaurant	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Chili's Restaurants [Member]
Restructuring Cost and Reserve [Line Items]
Number of underperforming restaurants	35	38	30
Maggiano's Restaurants [Member]
Restructuring Cost and Reserve [Line Items]
Number of underperforming restaurants			2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Pay vs Performance Disclosure
Net income	$ 155.3	$ 102.6	$ 117.6

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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+ Details

GOODWILL AND INTANGIBLES (Changes In Carrying Amount Of Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Segment Reporting Information [Line Items]
Goodwill, Impairment Loss	$ 0.0	$ 0.0	$ 0.0
Goodwill [Roll Forward]
Balance at beginning of year	195.0	195.1
Foreign currency translation adjustment	(0.2)	(0.1)
Balance at end of year	194.8	195.0	195.1
Chili's Restaurants [Member]
Goodwill [Roll Forward]
Balance at beginning of year	156.6	156.7
Foreign currency translation adjustment	(0.2)	(0.1)
Balance at end of year	156.4	156.6	156.7
Maggiano's Restaurants [Member]
Goodwill [Roll Forward]
Balance at beginning of year	38.4	38.4
Foreign currency translation adjustment	0.0	0.0
Balance at end of year	$ 38.4	$ 38.4	$ 38.4

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

ACCRUED LIABILITIES - Other Accrued Liabilities (Details) - USD ($)
$ in Millions

Jun. 26, 2024

Jun. 28, 2023

Other accrued liabilities [Line Items]

Insurance

$ 31.4

$ 29.3

Property tax

24.6

24.5

Sales tax

18.4

17.3

Interest

18.1

6.4

Current installments of finance lease obligations

^[1]

14.1

10.2

Utilities and services

10.0

10.4

Other

28.1

18.2

Other accrued liabilities

$ 144.7

$ 116.3

[1]	Finance lease assets are recorded in Property and equipment, at cost, and the related current and long-term lease liabilities are recorded within Other accrued liabilities and Long-term debt and finance leases, less current installments, respectively.

STOCK-BASED COMPENSATION (Transactions During Fiscal 2024-Stock Options) (Details) - Stock Options - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at June 28, 2023, number of options	1.0
Exercised, number of options	(0.7)
Forfeited or canceled, number of options	(0.1)
Options outstanding and exercisable at June 26, 2024, number of options	0.2	1.0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Options outstanding at June 28, 2023, weighted average exercise price	$ 40.74
Exercised, weighted average exercise price	40.94
Forfeited or canceled, weighted average exercise price	49.09
Options outstanding and exercisable at June 26, 2024, weighted average exercise price	$ 38.03	$ 40.74
Options, exercisable, number	0.2
Options, exercisable, weighted average exercise price	$ 38.03
Options, outstanding, weighted average remaining contractual term	1 year 10 months 24 days
Options, exercisable, weighted average remaining contractual term	1 year 10 months 24 days
Options, outstanding, intrinsic value	$ 8.5
Options, exercisable, intrinsic value	8.5
Intrinsic value of options exercised	11.5	$ 3.3	$ 0.2
Tax benefit realized on options exercised	$ 1.1	$ 0.8	$ 0.0

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jun. 26, 2024

Nature Of Operations And Summary Of Significant Accounting Policies Narrative [Abstract]

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

Basis of Presentation

Significant Accounting Policies

Inventories - Inventories consist of food, beverages and supplies and are valued at the lower of cost (using the first-in, first-out method) or net realizable value.


Level 1			Quoted prices in active markets for identical assets or liabilities
Level 2			Observable inputs available at measurement date other than quote prices included in Level 1
Level 3			Unobservable inputs that cannot be corroborated by observable market data

Revenues - Revenues are presented in the Company sales and Franchise revenues captions in the Consolidated Statements of Comprehensive Income.

line basis into Franchise revenues in the Consolidated Statements of Comprehensive Income over the term of the underlying agreements.


	June 26, 2024	June 28, 2023	June 29, 2022
Basic weighted average shares outstanding	44.4	44.1	44.8
Dilutive stock options	0.1	0.1	0.2
Dilutive restricted shares	1.2	0.8	0.6
Total dilutive impact	1.3	0.9	0.8
Diluted weighted average shares outstanding	45.7	45.0	45.6

Awards excluded due to anti-dilutive effect	0.4	1.3	0.8

Chili’s Restaurant Acquisitions

Recently Issued Accounting Standards or Disclosure Rules

DEBT (Tables)

12 Months Ended

Jun. 26, 2024

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt consists of the following:


	June 26, 2024		June 28, 2023
Revolving credit facility	$	—	$	161.3
5.000% notes(1)	350.0		350.0
8.250% notes	350.0		350.0

Finance lease obligations	105.4		67.8
Total long-term debt	805.4		929.1
Less: unamortized debt issuance costs and discounts	(5.0)		(6.7)
Total long-term debt, less unamortized debt issuance costs and discounts	800.4		922.4
Less: current installments of finance lease obligations(2)	(14.1)		(10.2)
Total long-term debt, less current portion	$	786.3	$	912.2

Long-Term Debt Maturities Excluding Finance Lease Obligations and Interest

Excluding finance lease obligations and interest, our long-term debt maturities for the five fiscal years following June 26, 2024 and thereafter are as follows:


Fiscal Year	Long-Term Debt
2025	$	350.0
2026	—
2027	—
2028	—
2029	—
Thereafter	350.0
	$	700.0

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

INCOME TAXES (Provision (Benefit) For Income Taxes and Effective Tax Rate) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Current income tax expenses:
Federal	$ 17.5	$ 12.2	$ 5.8
State	12.3	6.8	3.7
Foreign	0.4	0.2	(0.3)
Total current income tax expenses	30.2	19.2	9.2
Deferred income tax (benefit) expenses:
Federal	(18.2)	(29.5)	(15.7)
State	(2.5)	(2.0)	3.7
Foreign	0.1	0.5	0.4
Total deferred income tax (benefit) expenses	(20.6)	(31.0)	(11.6)
Provision (benefit) for income taxes	$ 9.6	$ (11.8)	$ (2.4)
Effective tax rate	5.80%	(13.00%)	(2.10%)

COMMITMENTS AND CONTINGENCIES Commitments and Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Guarantor Obligations [Line Items]
Lease contingencies, loss recorded	$ 0.8	$ 2.0	$ 3.1
Amount of undrawn standby letters of credit outstanding	5.8
Maximum \| Lease Guarantees And Secondary Obligations [Member]
Guarantor Obligations [Line Items]
Loss contingency, estimate of possible loss	$ 15.7	$ 16.9

SEGMENT INFORMATION

12 Months Ended

Jun. 26, 2024

Segment Information [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 operating 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, gift card breakage, delivery, digital entertainment revenues, merchandise income and are net of gift card discount costs 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 between 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 years presented primarily included restaurant rent, repairs and maintenance, supplies, utilities, delivery fees, advertising, payment processing fees, franchise and property taxes, workers’ compensation and general liability insurance. supervision expenses, and to-go supplies.

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


	Fiscal Year Ended June 26, 2024
	Chili's		Maggiano's		Corporate		Consolidated
Company sales	$	3,876.0	$	495.1	$	—	$	4,371.1
Franchise revenues	43.3		0.7		—		44.0
Total revenues	3,919.3		495.8		—		4,415.1

Food and beverage costs	990.7		116.9		—		1,107.6
Restaurant labor	1,309.0		158.3		—		1,467.3
Restaurant expenses	1,073.2		139.2		0.5		1,212.9
Depreciation and amortization	147.7		13.1		10.0		170.8
General and administrative	42.8		10.2		130.7		183.7
Other (gains) and charges	26.9		0.6		15.7		43.2
Total operating costs and expenses	3,590.3		438.3		156.9		4,185.5
Operating income (loss)	329.0		57.5		(156.9)		229.6
Interest expenses	3.9		0.3		60.8		65.0
Other income, net	0.1		—		(0.4)		(0.3)
Income (loss) before income taxes	$	325.0	$	57.2	$	(217.3)	$	164.9

Segment assets	$	2,158.4	$	259.1	$	175.6	$	2,593.1
Payments for property and equipment	172.0		16.5		10.4		198.9


	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		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

Payments for property and equipment	$	133.7	$	9.1	$	7.5	$	150.3

- 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

DEBT (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
DEBT (Narrative) (Details) - USD ($) $ in Millions	Jun. 28, 2023	Sep. 28, 2016	Jun. 26, 2024
8.25% notes
Debt [Line Items]
Stated interest rate			8.25%
Proceeds from issuance of debt	$ 350.0
Long-Term Debt, Maturity Date			Jul. 15, 2030
5.000% notes
Debt [Line Items]
Stated interest rate			5.00%
Proceeds from issuance of debt		$ 350.0
Long-Term Debt, Maturity Date			Oct. 01, 2024
$900.0M Revolving Credit Facility
Debt [Line Items]
Revolving credit facility, maximum borrowing capacity			$ 900.0
Revolving credit facility expiration date			Aug. 18, 2026
Basis spread on variable rate			1.60%
Revolving credit facility interest rate at end of period			6.94%
Remaining credit available under revolving credit facility			$ 900.0
Covenant compliance			we were in compliance with our covenants pursuant to the $900.0 million revolving credit facility and under the terms of the indentures governing our 5.000% and 8.250% notes
$900.0M Revolving Credit Facility \| Maximum
Debt [Line Items]
Basis spread on variable rate			2.35%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.35%
$900.0M Revolving Credit Facility \| Minimum
Debt [Line Items]
Basis spread on variable rate			1.60%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.25%
Base Rate \| $900.0M Revolving Credit Facility
Debt [Line Items]
Revolving credit facility, variable rate basis			SOFR
Revolving credit facility interest rate at end of period			5.34%

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Schedule of Weighted Average Number of Shares (Details) - shares shares in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Reconciliation of Weighted Average Shares Outstanding [Line Items]
Basic weighted average shares outstanding	44.4	44.1	44.8
Weighted average number diluted shares outstanding adjustment	1.3	0.9	0.8
Diluted weighted average shares outstanding	45.7	45.0	45.6
Awards excluded due to anti-dilutive effect	0.4	1.3	0.8
Stock Options
Reconciliation of Weighted Average Shares Outstanding [Line Items]
Incremental common shares attributable to dilutive effect of share-based payment arrangements	0.1	0.1	0.2
Restricted Shares
Reconciliation of Weighted Average Shares Outstanding [Line Items]
Incremental common shares attributable to dilutive effect of share-based payment arrangements	1.2	0.8	0.6

INCOME TAXES (Reconciliation Between Reported Provision (Benefit) For Income Taxes And Amount Computed By Statutory Federal Income Tax Rate) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Income Tax Disclosure [Abstract]
Income tax expense at statutory rate	$ 34.6	$ 19.0	$ 24.2
FICA and other tax credits	(34.2)	(34.6)	(32.9)
State income taxes, net of Federal benefit	7.7	4.7	6.2
Officers' compensation	3.7	0.0	0.9
Stock based compensation tax shortfall (windfall)	(1.2)	0.8	(0.7)
Other	(1.0)	(1.7)	(0.1)
Provision (benefit) for income taxes	$ 9.6	$ (11.8)	$ (2.4)
Statutory Federal income tax rate	21.00%	21.00%	21.00%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

SHAREHOLDERS' EQUITY (DEFICIT) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022	Aug. 16, 2021
Schedule of Capitalization, Equity [Line Items]
Retirement of stock, shares		10.0
Treasury stock retired average price per share		$ 30.71
Treasury stock, shares	15.3	15.7
Stock repurchase program, total authorizations				$ 300.0
Payments for repurchase of common stock	$ 25.8	$ 5.0	$ 100.9
Stock repurchase program, remaining authorized amount available	$ 183.0
Share repurchase program open market purchases
Schedule of Capitalization, Equity [Line Items]
Purchases of treasury stock, shares	0.7		2.3
Payments for repurchase of common stock	$ 21.0		$ 96.0
Withheld from Employees
Schedule of Capitalization, Equity [Line Items]
Purchases of treasury stock, shares	0.1
Payments for repurchase of common stock	$ 4.8

SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 26, 2024

Segment Information [Abstract]

Segment Results

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


	Fiscal Year Ended June 26, 2024
	Chili's		Maggiano's		Corporate		Consolidated
Company sales	$	3,876.0	$	495.1	$	—	$	4,371.1
Franchise revenues	43.3		0.7		—		44.0
Total revenues	3,919.3		495.8		—		4,415.1

Food and beverage costs	990.7		116.9		—		1,107.6
Restaurant labor	1,309.0		158.3		—		1,467.3
Restaurant expenses	1,073.2		139.2		0.5		1,212.9
Depreciation and amortization	147.7		13.1		10.0		170.8
General and administrative	42.8		10.2		130.7		183.7
Other (gains) and charges	26.9		0.6		15.7		43.2
Total operating costs and expenses	3,590.3		438.3		156.9		4,185.5
Operating income (loss)	329.0		57.5		(156.9)		229.6
Interest expenses	3.9		0.3		60.8		65.0
Other income, net	0.1		—		(0.4)		(0.3)
Income (loss) before income taxes	$	325.0	$	57.2	$	(217.3)	$	164.9

Segment assets	$	2,158.4	$	259.1	$	175.6	$	2,593.1
Payments for property and equipment	172.0		16.5		10.4		198.9


	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		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

Payments for property and equipment	$	133.7	$	9.1	$	7.5	$	150.3

STOCK-BASED COMPENSATION (Transactions During Fiscal 2024-Restricted Share Awards) (Details) - Restricted Shares - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted share awards outstanding at June 28, 2023, number of restricted share awards	1.5
Granted, number of restricted share awards	0.7
Vested, number of restricted share awards	(0.5)
Forfeited, number of restricted share awards	(0.1)
Restricted share awards outstanding at June 26, 2024, number of restricted share awards	1.6	1.5
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Restricted share awards outstanding at June 28, 2023, weighted average fair value per award	$ 36.97
Granted, weighted average fair value per award	35.03
Vested, weighted average fair value per award	39.18
Forfeited, weighted average fair value per award	34.69
Restricted share awards outstanding at June 26, 2024, weighted average fair value per award	$ 35.12	$ 36.97
Unrecognized compensation expense	$ 18.1
Period of recognition for unrecognized stock-based compensation costs, in years	1 year 7 months 6 days
Fair value of restricted share awards vested	$ 16.8	$ 16.1	$ 18.1

OTHER GAINS AND CHARGES - Other Gains And Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2024	Jun. 28, 2023	Jun. 29, 2022
Restructuring Cost and Reserve [Line Items]
Enterprise system implementation costs	$ 14.0	$ 4.7	$ 2.4
Restaurant level impairment charges	12.3	12.1	8.5
Restaurant closure asset write-offs and charges	10.1	8.3	3.7
Litigation & claims, net	6.6	2.5	3.4
Lease contingencies	0.8	2.0	3.1
Severance	0.5	3.7	0.0
Remodel-related asset write-offs	0.5	1.1	4.9
Gain on sale of assets, net	(2.7)	(3.7)	0.0
Other	1.1	2.0	5.2
Other gains and charges	$ 43.2	$ 32.7	$ 31.2

LEASES (Lease Maturity Analysis) (Details) - USD ($)
$ in Millions

Jun. 26, 2024

Jun. 28, 2023

Leases - Lease Maturity Analysis [Abstract]

$ 19.8

22.9

22.8

22.9

8.4

Finance Leases, Thereafter

33.4

Finance Leases, Total future lease payments

130.2

Finance Leases, Imputed interest

24.8

Present value of finance lease liability

^[1]

105.4

$ 67.8

Operating Leases, 2025

180.7

Operating Leases, 2026

174.8

Operating Leases, 2027

157.6

Operating Leases, 2028

139.1

Operating Leases, 2029

128.8

Operating Leases, Thereafter

917.0

Operating Lease, Total future lease payments

1,698.0

Operating Leases, Imputed interest

499.4

Present value of operating lease liability

^[2]

1,198.6

$ 1,238.2

Sublease Income, 2025

0.9

Sublease Income, 2026

0.8

Sublease Income, 2027

0.7

Sublease Income, 2028

0.4

Sublease Income, 2029

0.3

Sublease Income, Thereafter

0.5

Sublease Income, Total future lease payments

$ 3.6

[1]	Finance lease assets are recorded in Property and equipment, at cost, and the related current and long-term lease liabilities are recorded within Other accrued liabilities and Long-term debt and finance leases, less current installments, respectively.
[2]	Operating lease assets are recorded in Operating lease assets and the related current and long-term lease liabilities are recorded within Operating lease liabilities and Long-term operating lease liabilities, less current portion, respectively.

DEFINED CONTRIBUTION PLAN (Tables)

12 Months Ended

Jun. 26, 2024

Retirement Benefits [Abstract]

Employer Contributions Match Expenses

We contributed employer matching contributions in each fiscal year which is recorded to General and administrative in the Consolidated Statements of Comprehensive Income:


	Fiscal Years Ended
	June 26, 2024		June 28, 2023		June 29, 2022
Employer contributions match expenses	$	13.6	$	11.9	$	11.0

GOODWILL AND INTANGIBLES Intangible Assets (Details) - USD ($) $ in Millions	Jun. 26, 2024	Jun. 28, 2023
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount, definite-lived intangibles	$ 26.4	$ 28.8
Accumulated Amortization, definite-lived intangibles	(16.6)	(15.3)
Net Carrying Amount, definite-lived intangibles	9.8	13.5
Indefinite-Lived Intangible Assets [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount, liquor licenses	10.1	10.4
Chili's Restaurants [Member] \| Franchise Rights [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount, definite-lived intangibles	26.0	28.4
Accumulated Amortization, definite-lived intangibles	(16.2)	(14.9)
Net Carrying Amount, definite-lived intangibles	9.8	13.5
Chili's Restaurants [Member] \| Other Intangible Assets [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount, definite-lived intangibles	0.4	0.4
Accumulated Amortization, definite-lived intangibles	(0.4)	(0.4)
Net Carrying Amount, definite-lived intangibles	0.0	0.0
Chili's Restaurants [Member] \| Indefinite-Lived Intangible Assets [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount, liquor licenses	9.3	9.6
Maggiano's Restaurants [Member] \| Indefinite-Lived Intangible Assets [Member]
Schedule of Intangible Assets [Line Items]
Gross Carrying Amount, liquor licenses	$ 0.8	$ 0.8