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Brinker International Inc (EAT) SEC Filing 10-Q Quarterly report for the period ending Wednesday, March 29, 2017

Brinker International Inc

CIK: 703351 Ticker: EAT
Exhibit 99.1

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BRINKER INTERNATIONAL REPORTS THIRD QUARTER RESULTS
DALLAS (April 25, 2017) – Brinker International, Inc. (NYSE: EAT) today announced results for the fiscal third quarter ended March 29, 2017.
Highlights include the following:

On a GAAP basis, earnings per diluted share in the third quarter of fiscal 2017 decreased 14.0 percent to $0.86 compared to $1.00 for the third quarter of fiscal 2016

Earnings per diluted share, excluding special items, in the third quarter of fiscal 2017 decreased 6.0 percent to $0.94 compared to $1.00 for the third quarter of fiscal 2016 (see non-GAAP reconciliation below)

Brinker's total revenues in the third quarter of fiscal 2017 decreased 1.7 percent to $810.6 million compared to the third quarter of fiscal 2016 and company sales in the third quarter of fiscal 2017 decreased 1.8 percent to $790.6 million compared to the third quarter of fiscal 2016

Chili’s company-owned comparable restaurant sales in the third quarter of fiscal 2017 decreased 2.3 percent compared to the third quarter of fiscal 2016 but increased sequentially by 1.0 percent from the second quarter of fiscal 2017. Chili's U.S. franchise comparable restaurant sales in the third quarter of fiscal 2017 increased 0.3 percent compared to the third quarter of fiscal 2016 and also improved sequentially by 3.3 percent from the second quarter of fiscal 2017

Maggiano’s comparable restaurant sales in the third quarter of fiscal 2017 decreased 1.6 percent compared to the third quarter of fiscal 2016

Chili's international franchise comparable restaurant sales in the third quarter of fiscal 2017 decreased 7.1 percent compared to the third quarter of fiscal 2016

Operating income, as a percent of total revenues, declined approximately 150 basis points to 9.0 percent in the third quarter of fiscal 2017 compared to 10.5 percent for the third quarter of fiscal 2016

Restaurant operating margin, as a percent of company sales, declined approximately 40 basis points to 17.0 percent in the third quarter of fiscal 2017 compared to 17.4 percent for the third quarter of fiscal 2016 (see non-GAAP reconciliation below) but improved sequentially by 190 basis points from the second quarter of fiscal 2017

For the first nine months of fiscal 2017, cash flows provided by operating activities were $243.6 million and capital expenditures totaled $79.7 million. Free cash flow was $163.9 million (see non-GAAP reconciliation below)

"Our third quarter earnings performance reflects the operational focus of our restaurant level leadership at both our brands," said Wyman Roberts, chief executive officer and president. "We are also encouraged by our progress with the strategic work designed to better position our brands and capture market share."





1

The following information was filed by Brinker International Inc (EAT) on Tuesday, April 25, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Brinker International Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (parenthetical)
Consolidated Balance Sheets (unaudited)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Accrued And Other Liabilities
Accrued And Other Liabilities (other Accrued Liabilities) (details)
Accrued And Other Liabilities (other Liabilities) (details)
Accrued And Other Liabilities (tables)
Acquisition Of Chili's Restaurants
Acquisition Of Chili's Restaurants - Additional Information (details)
Basis Of Presentation
Basis Of Presentation - Additional Information (detail)
Basis Of Presentation Adjustment For New Accounting Pronouncements (details)
Contingencies
Contingencies - Additional Information (detail)
Earnings Per Share
Earnings Per Share (tables)
Effect Of New Accounting Standards
Effect Of New Accounting Standards Additional Information (details)
Fair Value Disclosures (other Financial Instruments) (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements Fair Value Disclosures (narrative) (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Long-term Debt - Schedule Of Long-term Debt (detail)
Loss Contingencies (details)
Other Gains And Charges
Other Gains And Charges (tables)
Other Gains And Charges - Additional Information (detail)
Other Gains And Charges - Schedule Of Other Gains And Charges (detail)
Schedule Of Weighted Average Number Of Shares (details)
Segment Information
Segment Information (reconciliation Of Revenue From Segments To Consolidated) (details)
Segment Information (schedule Of Segment Reporting Information, By Segment) (details)
Segment Information (tables)
Shareholder's Deficit - Additional Information (share Repurchase) (details)
Shareholders' Deficit
Shareholders' Deficit - Additional Information (details)
Subsequent Events
Subsequent Events (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (tables)
Supplemental Cash Flow Information - Cash Paid For Interest And Income Taxes (detail)
Supplemental Cash Flow Information - Non-cash Investing And Financing Activities (detail)
Ticker: EAT
CIK: 703351
Form Type: 10-Q Quarterly Report
Accession Number: 0000703351-17-000020
Submitted to the SEC: Fri May 05 2017 4:23:32 PM EST
Accepted by the SEC: Fri May 05 2017
Period: Wednesday, March 29, 2017
Industry: Retail Eating Places

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