Last10K.com

Brinker International Inc (EAT) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, June 28, 2017

Brinker International Inc

CIK: 703351 Ticker: EAT
Exhibit 99.1

image0a03a01a01a02a09.jpg

BRINKER INTERNATIONAL REPORTS FOURTH QUARTER AND FISCAL YEAR RESULTS
DALLAS (Aug. 10, 2017) – Brinker International, Inc. (NYSE: EAT) today announced results for the fiscal fourth quarter and year ended June 28, 2017.
Highlights include the following:

For fiscal 2017, the fourth quarter and fiscal-year periods included 13 weeks and 52 weeks, respectively. For fiscal 2016, the fourth quarter and fiscal-year periods included 14 weeks and 53 weeks, respectively

On a GAAP basis, earnings per diluted share in the fourth quarter of fiscal 2017 decreased 7.3 percent to $1.02 compared to $1.10 for the fourth quarter of fiscal 20161. On a GAAP basis, earnings per diluted share in fiscal 2017 decreased 14.0 percent to $2.94 compared to $3.42 for fiscal 20161

Earnings per diluted share, excluding special items, in the fourth quarter of fiscal 2017 decreased 12.1 percent to $1.09 compared to $1.24 for the fourth quarter of fiscal 20161. Earnings per diluted share, excluding special items, in fiscal 2017 decreased 9.9 percent to $3.20 compared to $3.55 for fiscal 20161 (see non-GAAP reconciliation below)

Brinker International's total revenues in the fourth quarter of fiscal 2017 decreased 8.1 percent to $810.7 million compared to the fourth quarter of fiscal 2016, and company sales in the fourth quarter of fiscal 2017 decreased 8.1 percent to $785.8 million compared to the fourth quarter of fiscal 2016, primarily attributable to one less operating week in the fourth quarter of 2017

Chili’s company-owned comparable restaurant sales2 in the fourth quarter of fiscal 2017 decreased 2.2 percent compared to the fourth quarter of fiscal 2016. Chili's U.S. franchise comparable restaurant sales2 in the fourth quarter of fiscal 2017 decreased 0.2 percent compared to the fourth quarter of fiscal 2016

Maggiano’s comparable restaurant sales2 in the fourth quarter of fiscal 2017 increased 0.5 percent compared to the fourth quarter of fiscal 2016

Chili's international franchise comparable restaurant sales2 in the fourth quarter of fiscal 2017 decreased 4.2 percent compared to the fourth quarter of fiscal 2016

Operating income, as a percent of total revenues, declined approximately 140 basis points to 9.9 percent in the fourth quarter of fiscal 2017 compared to 11.3 percent for the fourth quarter of fiscal 2016

Restaurant operating margin, as a percent of company sales, declined approximately 130 basis points to 17.0 percent in the fourth quarter of fiscal 2017 compared to 18.3 percent for the fourth quarter of fiscal 2016 (see non-GAAP reconciliation below)

For fiscal 2017, cash flows provided by operating activities were $312.9 million and capital expenditures totaled $102.6 million. Free cash flow was $210.3 million (see non-GAAP reconciliation below)

The company's Board of Directors authorized an additional $250 million in share repurchases which brings the total available authority to approximately $365 million

The company's Board of Directors approved a quarterly dividend of $0.38 per share on the common stock of the company, representing a 12 percent increase over the prior year. The dividend will be payable Sept. 28, 2017 to shareholders of record as of Sept. 8, 2017

"Our ability to again report adjusted earnings above expectations is a testament to our team’s ability to operate restaurants and supporting functions in a manner that delivers bottom line results," said Wyman Roberts, chief executive officer and president. "That being said, we are focusing our efforts on improving traffic at Chili’s through a quality food-driven experience."

1

The following information was filed by Brinker International Inc (EAT) on Thursday, August 10, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Brinker International Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Brinker International Inc.

Continue

Assess how Brinker International Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Brinker International Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Mgmt Change
Other
Filter Subcategory:
All
Cash Flow
Geography
Earnings
Income
Shares
Other
Inside Brinker International Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Accrued And Other Liabilities
Accrued And Other Liabilities (accrued Liabilities) (detail)
Accrued And Other Liabilities (other Liabilities) (detail)
Accrued And Other Liabilities (tables)
Acquisition
Acquisition (details)
Contingencies
Contingencies (narrative) (detail)
Contingencies Loss Contingencies (details)
Debt
Debt (long-term Debt Maturities Excluding Capital Lease Obligations) (detail)
Debt (long-term Debt) (detail)
Debt (narrative) (detail)
Debt (tables)
Effect Of New Accounting Standards
Effect Of New Accounting Standards Effect Of New Accounting Standards (details)
Equity Method Investment
Equity Method Investment (narrative) (detail)
Fair Value Disclosures
Fair Value Disclosures (assets Measured At Fair Value On Non-recurring Basis) (detail)
Fair Value Disclosures (tables)
Fair Value Disclosures Fair Value Disclosures (narrative) (details)
Fair Value Disclosures Fair Value Disclosures (other Financial Instruments) (details)
Goodwill (changes In Carrying Amount Of Goodwill) (detail)
Goodwill And Intangibles
Goodwill And Intangibles (tables)
Goodwill And Intangibles Schedule Of Intangibles (details)
Goodwill And Intangibles Schedule Of Intangibles (narrative) (details)
Immaterial Correction Of Prior Period Financial Statements
Immaterial Correction Of Prior Period Financial Statements (revisions To Consolidated Statements Of Comprehensive Income) (details)
Immaterial Correction Of Prior Period Financial Statements(tables)
Income Taxes
Income Taxes (deferred Income Tax Assets And Liabilities) (detail)
Income Taxes (income Before Provision For Income Taxes) (details)
Income Taxes (narrative) (detail)
Income Taxes (provision For Income Taxes From Continuing Operations) (detail)
Income Taxes (reconciliation Between Reported Provision For Income Taxes And Amount Computed By Statutory Federal Income Tax Rate) (detail)
Income Taxes (reconciliation Of Unrecognized Tax Benefits) (detail)
Income Taxes (tables)
Leases
Leases (future Minimum Lease Payments) (detail)
Leases (narrative) (detail)
Leases (rent Expense Detail) (details)
Leases (tables)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (fair Value Assumptions Using Black-scholes Option-pricing Model) (detail)
Nature Of Operations And Summary Of Significant Accounting Policies (narrative) (detail)
Nature Of Operations And Summary Of Significant Accounting Policies (policies)
Nature Of Operations And Summary Of Significant Accounting Policies (tables)
Nature Of Operations And Summary Of Significant Accounting Policies Schedule Of Weighted Average Number Of Shares (details)
Other Gains And Charges
Other Gains And Charges (narrative) (detail)
Other Gains And Charges (schedule Of Other Gains And Charges) (detail)
Other Gains And Charges (tables)
Quarterly Results Of Operations (unaudited)
Quarterly Results Of Operations (unaudited) (narrative) (detail)
Quarterly Results Of Operations (unaudited) (tables)
Quarterly Results Of Operations (unaudited) (unaudited Consolidated Quarterly Results Of Operations) (detail)
Savings Plans
Savings Plans (narrative) (detail)
Segment Information
Segment Information (reconciliation Of Operating Income From Segments To Consolidated) (details)
Segment Information (schedule Of Segment Reporting Information, By Segment)
Segment Information Segment Information (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (detail)
Stock-based Compensation (tables)
Stock-based Compensation (transactions During Fiscal 2017-restricted Share Awards) (detail)
Stock-based Compensation (transactions During Fiscal 2017-stock Options) (detail)
Subsequent Events
Subsequent Events Subsequent Events (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (cash Paid For Interest And Income Taxes) (detail)
Supplemental Cash Flow Information (non-cash Investing And Financing Activities) (detail)
Supplemental Cash Flow Information (tables)
Ticker: EAT
CIK: 703351
Form Type: 10-K Annual Report
Accession Number: 0000703351-17-000030
Submitted to the SEC: Mon Aug 28 2017 5:30:50 PM EST
Accepted by the SEC: Mon Aug 28 2017
Period: Wednesday, June 28, 2017
Industry: Retail Eating Places

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/eat/0000703351-17-000030.htm