BRINKER INTERNATIONAL, INC, 10-Q filed on 1/28/2026
Quarterly Report
v3.25.4
Document and Entity Information
 6 Months Ended
Dec. 24, 2025
brands
Jan. 22, 2026
shares
Entity Information [Line Items]    
Document Type 10-Q  
Document Period End Date Dec. 24, 2025  
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, $0.10 par value  
Trading Symbol EAT  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0000703351  
Current Fiscal Year End Date --06-24  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Document Quarterly Report true  
Document Transition Report false  
Entity Common Stock, Shares Outstanding | shares   43,550,328
Number Of Reportable Segments Not Disclosed Flag | brands 2  
v3.25.4
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Dec. 24, 2025
Dec. 25, 2024
Revenues        
Total revenues $ 1,452.2 $ 1,358.2 $ 2,801.4 $ 2,497.2
Operating costs and expenses        
Food and beverage costs 370.5 343.9 715.1 628.2
Restaurant labor 446.4 421.0 877.4 798.4
Restaurant expenses 352.1 324.4 696.1 638.3
Depreciation and amortization 54.6 47.7 108.2 94.0
General and administrative 59.7 53.1 116.9 104.9
Other (gains) and charges 0.5 12.1 1.4 21.0
Total operating costs and expenses 1,283.8 1,202.2 2,515.1 2,284.8
Operating income 168.4 156.0 286.3 212.4
Interest expenses 10.7 14.7 21.2 29.0
Other income, net (0.4) (0.4) (0.6) (0.6)
Income before income taxes 158.1 141.7 265.7 184.0
Provision for income taxes 29.6 23.2 37.7 27.0
Net income $ 128.5 $ 118.5 $ 228.0 $ 157.0
Basic net income per share $ 2.92 $ 2.67 $ 5.14 $ 3.52
Diluted net income per share $ 2.86 $ 2.61 $ 5.03 $ 3.44
Basic weighted average shares outstanding 44.0 44.4 44.4 44.7
Diluted weighted average shares outstanding 44.9 45.5 45.4 45.7
Other comprehensive income (loss)        
Foreign currency translation adjustment $ 0.1 $ (0.5) $ 0.0 $ (0.4)
Other comprehensive income (loss) 0.1 (0.5) 0.0 (0.4)
Comprehensive income 128.6 118.0 228.0 156.6
Company sales [Member]        
Revenues        
Revenues 1,438.8 1,346.1 2,774.2 2,473.4
Franchise revenues [Member]        
Revenues        
Revenues $ 13.4 $ 12.1 $ 27.2 $ 23.8
v3.25.4
Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Dec. 24, 2025
Jun. 25, 2025
Current assets    
Cash and cash equivalents $ 15.0 $ 18.9
Accounts receivable, net 105.8 73.4
Inventories 36.4 35.2
Restaurant supplies 56.5 54.9
Prepaid expenses 27.2 24.6
Total current assets 240.9 207.0
Property and equipment, at cost    
Land 45.2 44.9
Buildings and leasehold improvements 1,787.2 1,755.2
Furniture and equipment 902.2 845.3
Construction-in-progress 53.4 71.8
Gross property and equipment 2,788.0 2,717.2
Less accumulated depreciation and amortization (1,816.3) (1,764.5)
Net property and equipment 971.7 952.7
Other assets    
Operating lease assets 1,183.4 1,149.1
Goodwill 194.8 194.7
Deferred income taxes, net 88.6 101.4
Intangibles, net 16.3 17.4
Other 53.5 56.3
Total other assets 1,536.6 1,518.9
Total assets 2,749.2 2,678.6
Current liabilities    
Accounts payable 163.9 168.5
Gift card liability 76.9 57.2
Accrued payroll 126.2 156.2
Operating lease liabilities 111.9 114.6
Other accrued liabilities 186.3 172.6
Income taxes payable, net 4.5 6.5
Total current liabilities 669.7 675.6
Long-term debt and finance leases, less current installments 451.3 426.0
Long-term operating lease liabilities, less current portion 1,172.8 1,135.3
Other liabilities 76.1 70.8
Commitments and contingencies (Note 7)
Shareholders’ equity    
Common stock, shares authorized 250.0 250.0
Common stock, par value per share $ 0.10 $ 0.10
Common stock, shares issued 60.3 60.3
Common stock, shares outstanding 43.5 44.5
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 43.5 million shares outstanding at December 24, 2025 and 60.3 million shares issued and 44.5 million shares outstanding at June 25, 2025) $ 6.0 $ 6.0
Additional paid-in capital 668.3 714.5
Accumulated other comprehensive loss (6.4) (6.4)
Retained earnings $ 414.5 $ 186.5
Treasury stock, shares 16.8 15.8
Treasury stock, at cost (16.8 million shares at December 24, 2025, and 15.8 million shares at June 25, 2025) $ (703.1) $ (529.7)
Total shareholders’ equity 379.3 370.9
Total liabilities and shareholders’ equity $ 2,749.2 $ 2,678.6
v3.25.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Cash flows from operating activities    
Net income $ 228.0 $ 157.0
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 108.2 94.0
Stock-based compensation 16.0 14.3
Deferred income taxes, net 12.8 8.3
Non-cash other (gains) and charges 2.2 7.9
Net loss on disposal of assets 4.2 6.1
Other 0.9 1.3
Changes in assets and liabilities:    
Accounts receivable, net (17.7) (23.0)
Inventories (1.3) (2.6)
Restaurant supplies (3.0) (0.3)
Prepaid expenses (8.0) (1.2)
Income taxes (2.6) (3.5)
Operating lease assets, net of liabilities (1.1) (0.6)
Other assets 1.7 (0.3)
Accounts payable 11.5 11.5
Gift card liability 19.7 16.0
Accrued payroll (30.0) (4.5)
Other accrued liabilities (5.8) (1.3)
Other liabilities 4.0 1.9
Net cash provided by operating activities 339.7 281.0
Cash flows from investing activities    
Payments for property and equipment (122.3) (105.8)
Proceeds from sale of assets 0.2 0.0
Insurance recoveries 0.5 0.0
Net cash used in investing activities (121.6) (105.8)
Cash flows from financing activities    
Borrowings on revolving credit facility 475.0 515.0
Payments on revolving credit facility (455.0) (300.0)
Payments on long-term debt (7.2) (362.1)
Purchases of treasury stock (235.0) (85.2)
Proceeds from issuance of treasury stock 0.2 7.4
Payments for debt issuance costs 0.0 (0.1)
Net cash used in financing activities (222.0) (225.0)
Net change in cash and cash equivalents (3.9) (49.8)
Cash and cash equivalents at beginning of period 18.9 64.6
Cash and cash equivalents at end of period 15.0 14.8
Supplemental disclosure of cash flow information:    
Income taxes paid, net 27.5 22.1
Interest paid, net of amounts capitalized 20.1 32.6
Accrued capital expenditures $ 18.0 $ 7.6
v3.25.4
Consolidated Statements of Shareholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Loss [Member]
Beginning balance at Jun. 26, 2024 $ 39.4 $ 6.0 $ 707.8 $ (196.6) $ (471.5) $ (6.3)
Net income 38.5 0.0 0.0 38.5 0.0 0.0
Other comprehensive income (loss) 0.1 0.0 0.0 0.0 0.0 0.1
Stock-based compensation 7.1 0.0 7.1 0.0 0.0 0.0
Purchases of treasury stock (75.1) 0.0 (4.8) 0.0 (70.3) 0.0
Issuances of treasury stock 2.7 0.0 (12.2) 0.0 14.9 0.0
Ending balance at Sep. 25, 2024 12.7 6.0 697.9 (158.1) (526.9) (6.2)
Beginning balance at Jun. 26, 2024 39.4 6.0 707.8 (196.6) (471.5) (6.3)
Net income 157.0          
Other comprehensive income (loss) (0.4)          
Ending balance at Dec. 25, 2024 131.5 6.0 704.5 (39.6) (532.7) (6.7)
Beginning balance at Sep. 25, 2024 12.7 6.0 697.9 (158.1) (526.9) (6.2)
Net income 118.5 0.0 0.0 118.5 0.0 0.0
Other comprehensive income (loss) (0.5) 0.0 0.0 0.0 0.0 (0.5)
Stock-based compensation 7.2 0.0 7.2 0.0 0.0 0.0
Purchases of treasury stock (10.4) 0.0 (0.3) 0.0 (10.1) 0.0
Issuances of treasury stock 4.0 0.0 (0.3) 0.0 4.3 0.0
Ending balance at Dec. 25, 2024 131.5 6.0 704.5 (39.6) (532.7) (6.7)
Beginning balance at Jun. 25, 2025 370.9 6.0 714.5 186.5 (529.7) (6.4)
Net income 99.5 0.0 0.0 99.5 0.0 0.0
Other comprehensive income (loss) (0.1) 0.0 0.0 0.0 0.0 (0.1)
Stock-based compensation 7.9 0.0 7.9 0.0 0.0 0.0
Purchases of treasury stock (134.5) 0.0 (32.4) 0.0 (102.1) 0.0
Issuances of treasury stock 0.2 0.0 (29.2) 0.0 29.4 0.0
Ending balance at Sep. 24, 2025 343.9 6.0 660.8 286.0 (602.4) (6.5)
Beginning balance at Jun. 25, 2025 370.9 6.0 714.5 186.5 (529.7) (6.4)
Net income 228.0          
Other comprehensive income (loss) 0.0          
Ending balance at Dec. 24, 2025 379.3 6.0 668.3 414.5 (703.1) (6.4)
Beginning balance at Sep. 24, 2025 343.9 6.0 660.8 286.0 (602.4) (6.5)
Net income 128.5 0.0 0.0 128.5 0.0 0.0
Other comprehensive income (loss) 0.1 0.0 0.0 0.0 0.0 0.1
Stock-based compensation 8.1 0.0 8.1 0.0 0.0 0.0
Purchases of treasury stock (101.3) 0.0 (0.2) 0.0 (101.1) 0.0
Issuances of treasury stock 0.0 0.0 (0.4) 0.0 0.4 0.0
Ending balance at Dec. 24, 2025 $ 379.3 $ 6.0 $ 668.3 $ 414.5 $ (703.1) $ (6.4)
v3.25.4
BASIS OF PRESENTATION
 6 Months Ended
Dec. 24, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
References to “Brinker,” the “Company,” “we,” “us,” and “our” in this Form 10-Q refer to Brinker International, Inc. and its subsidiaries and any predecessor companies of Brinker International, Inc. Our Consolidated Financial Statements (Unaudited) as of December 24, 2025 and June 25, 2025, and for the thirteen and twenty-six week periods ended December 24, 2025 and December 25, 2024, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).
We own, develop, operate and franchise the Chili’s® Grill & Bar (“Chili’s”) and Maggiano’s Little Italy® (“Maggiano’s”) restaurant brands. As of December 24, 2025, we owned, operated or franchised 1,627 restaurants, consisting of 1,160 Company-owned restaurants and 467 franchised restaurants, located in the United States, 27 other countries and two United States territories. Our restaurant brands, Chili’s and Maggiano’s, are both operating segments and reporting units.
Use of Estimates
The preparation of the Consolidated Financial Statements (Unaudited) is in conformity with generally accepted accounting principles in the United States (“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 (Unaudited), and the reported amounts of revenues and costs and expenses in the reporting periods. Actual results could differ from those estimates.
The information furnished herein reflects all adjustments (consisting only of normal recurring accruals and adjustments) which are, in our opinion, necessary to fairly state the interim operating results, financial position and cash flows for the respective periods. However, these operating results are not necessarily indicative of the results expected for the full fiscal year. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with GAAP, have been omitted pursuant to SEC rules and regulations. The Notes to Consolidated Financial Statements (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements contained in our June 25, 2025 Form 10-K. We believe the disclosures are sufficient for interim financial reporting purposes. All amounts in the Notes to Consolidated Financial Statements (Unaudited) are presented in millions unless otherwise specified.
Foreign Currency Translation
The Foreign currency translation adjustment represents the unrealized impact of translating the financial statements of our Canadian restaurants from their respective functional currency (Canadian dollars) to United States dollars and are reported as a component of Comprehensive income and recorded in Accumulated other comprehensive loss on our Consolidated Balance Sheets (Unaudited).
Recently Issued Accounting Standards
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 require us to adopt the provisions in our fiscal 2026 Form 10-K. The amendments should be applied prospectively; however, retrospective application is permitted. Management does not expect this ASU to have a material impact on our disclosures.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires, for each relevant expense caption on the income statement, detailed disclosure amounts for purchases of inventory, employee compensation, depreciation, and intangible asset amortization. In addition, this ASU requires companies to include amounts already required by GAAP in the same disclosure, provide a qualitative description of remaining amounts not separately disaggregated, and disclose the amount of total selling expenses along with the companies’ definition of selling expenses. The amendment is effective for fiscal years beginning after December 15, 2026, which would require us to adopt the provisions in our fiscal 2028 Form 10-K. 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 September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This ASU modernizes outdated guidance for internal-use software costs to reflect current development practices, including agile and iterative methods, replacing the previous waterfall-based model. The amendments eliminate the requirement to classify costs by development stages (preliminary, application development, and post-implementation) and introduce a principles-based threshold for capitalization. Under the new guidance, capitalization begins when management authorizes and commits funding for the project and it is probable the project will be completed and the software will perform its intended function (probable-to-complete threshold). The amendments are effective for fiscal years beginning after December 15, 2027, which would require us to adopt the provisions as of the beginning of our fiscal year 2029. Management is currently evaluating the impact of this guidance on our consolidated financial statements and related disclosures.
v3.25.4
REVENUE RECOGNITION
 6 Months Ended
Dec. 24, 2025
Revenue from Contract with Customer [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 which depend 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 (Unaudited).
The following table reflects the changes in deferred franchise and development fees between June 25, 2025 and December 24, 2025:
Deferred Franchise and Development Fees
Balance as of June 25, 2025$9.8 
Additions0.2 
Amount recognized to Franchise revenues(0.7)
Balance as of December 24, 2025$9.3 
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 December 24, 2025:
Fiscal YearFranchise and Development Fees Revenue Recognition
Remainder of 2026$0.4 
20270.8 
20280.7 
20290.6 
20300.5 
Thereafter6.3 
$9.3 
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 between June 25, 2025 and December 24, 2025:
Gift Card Liability
Balance as of June 25, 2025$57.2 
Gift card sales75.0 
Gift card redemptions recognized to Company sales(49.3)
Gift card breakage recognized to Company sales(4.6)
Other(1.4)
Balance as of December 24, 2025
$76.9 
v3.25.4
FAIR VALUE MEASUREMENTS
 6 Months Ended
Dec. 24, 2025
Fair Value Disclosures [Abstract]  
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 1Quoted prices in active markets for identical assets or liabilities
Level 2Observable inputs other than quoted prices in active markets for identical assets or liabilities
Level 3Unobservable inputs that cannot be corroborated by observable market data
Financial Instruments
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 debt outstanding related to our revolving credit facility approximates fair value as the interest rate on this instrument approximates current market rates (Level 2). The fair values of our note are based on quoted market prices and are considered a Level 2 fair value measurement.
The carrying amounts of the note, which are net of unamortized debt issuance costs, and fair value are as follows:
December 24, 2025June 25, 2025
Carrying AmountFair ValueCarrying AmountFair Value
8.25% notes$346.4 $371.1 $346.0 $372.3 
Non-Financial Assets
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 determine the fair values of property and equipment, including finance lease assets, operating lease assets and reacquired franchise rights 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. Any impairment charges are included in Other (gains) and charges in the Consolidated Statements of Comprehensive Income (Unaudited). During the thirteen and twenty-six week periods ended December 24, 2025 and December 25, 2024, no indicators of impairment were identified.
Intangibles, net in the Consolidated Balance Sheets (Unaudited) includes both indefinite-lived intangible assets such as transferable liquor licenses and definite-lived intangible assets such as reacquired franchise rights. Accumulated
amortization associated with definite-lived intangible assets at December 24, 2025 and June 25, 2025, was $20.1 million and $19.0 million, respectively.
v3.25.4
ACCRUED LIABILITIES
 6 Months Ended
Dec. 24, 2025
Payables and Accruals [Abstract]  
Accrued Liabilities
Other accrued liabilities consist of the following:
December 24,
2025		June 25,
2025
Insurance$42.0 $39.7 
Property tax27.4 25.2 
Current installments of finance lease obligations27.3 17.6 
Sales tax24.4 22.8 
Interest13.7 13.5 
Utilities and services10.6 10.5
Other40.9 43.3 
$186.3 $172.6 
v3.25.4
LEASES
 6 Months Ended
Dec. 24, 2025
Leases [Abstract]  
Leases
We typically lease our restaurant facilities through ground leases (where we lease land only, but construct the building and improvements) or retail leases (where we lease the land/retail space and building). In addition to our restaurant facilities, we also lease our corporate headquarters location and certain equipment.
The components of lease expenses included in the Consolidated Statements of Comprehensive Income (Unaudited) were as follows:
Thirteen Week Periods EndedTwenty-Six Week Periods Ended
December 24,
2025		December 25,
2024		December 24,
2025		December 25,
2024
Operating lease cost$47.5 $45.8 $95.0 $91.4 
Variable lease cost18.1 17.5 36.2 33.6 
Finance lease amortization6.6 6.8 13.2 12.5 
Finance lease interest1.6 1.6 3.3 3.1 
Short-term lease cost0.2 0.2 0.4 0.3 
Sublease income(0.4)(0.4)(0.7)(0.8)
Total lease costs, net$73.6 $71.5 $147.4 $140.1 
Supplemental cash flow information related to leases:
Twenty-Six Week Periods Ended
December 24,
2025		December 25,
2024
Operating lease assets obtained in exchange for operating lease liabilities$94.7 $43.4 
Finance lease assets obtained in exchange for finance lease liabilities21.9 16.6 
Finance lease assets are recorded in Property and equipment, at cost, and the net balance as of December 24, 2025 and June 25, 2025 was $94.2 million and $85.8 million, respectively.
v3.25.4
DEBT
 6 Months Ended
Dec. 24, 2025
Debt Disclosure [Abstract]  
Debt
Long-term debt consists of the following:
December 24,
2025		June 25,
2025
Revolving credit facility$20.0 $— 
8.25% notes350.0 350.0 
Finance lease obligations112.2 97.6 
Total long-term debt482.2 447.6 
Less: unamortized debt issuance costs(3.6)(4.0)
Total long-term debt, less unamortized debt issuance costs478.6 443.6 
Less: current installments of long-term debt(1)
(27.3)(17.6)
Total long-term debt, less current portion$451.3 $426.0 
(1)Current installments of long-term debt consist of finance leases and are recorded within Other accrued liabilities in the Consolidated Balance Sheets (Unaudited). Refer to Note 4 - Accrued Liabilities for further details.
Revolving Credit Facility
In the twenty-six week period ended December 24, 2025, net borrowings of $20.0 million were drawn on our revolving credit facility. Additionally, availability was reduced by a $30.1 million letter of credit as of December 24, 2025. Refer to Note 7 - Commitments and Contingencies for further information about our letters of credit. As of December 24, 2025, $949.9 million of credit was available under the revolving credit facility.
The $1.0 billion revolving credit facility matures on May 1, 2030 and bears interest at a rate of SOFR plus an applicable margin of 1.25% to 2.00% and an undrawn commitment fee of 0.20% to 0.30%, both based on a function of our debt-to-cash-flow ratio. As of December 24, 2025, our interest rate was 4.98% consisting of SOFR of 3.73% plus the applicable margin of 1.25%.
Financial Covenants
The indenture for our 8.25% notes contains 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 December 24, 2025, we were in compliance with our covenants pursuant to the $1.0 billion revolving credit facility and under the terms of the indentures governing our 8.25% notes.
v3.25.4
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Dec. 24, 2025
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 December 24, 2025 and June 25, 2025, we have outstanding lease guarantees or are secondarily liable for an estimated $10.1 million and $11.9 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 2026 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 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 and management is closely monitoring any exposure.
Letters of Credit
We provide letters of credit to various insurers to collateralize obligations for outstanding claims. As of December 24, 2025, we had $34.1 million in undrawn standby letters of credit outstanding. All standby letters of credit are renewable within the next 8 months.
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 (Unaudited).
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.
v3.25.4
INCOME TAXES
 6 Months Ended
Dec. 24, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
Twenty-Six Week Periods Ended
December 24,
2025		December 25,
2024
Effective income tax rate14.2 %14.7 %
The federal statutory tax rate was 21.0% for the twenty-six week periods ended December 24, 2025 and December 25, 2024.
The change in the effective income tax rate in the twenty-six week period ended December 24, 2025 to the twenty-six week period ended December 25, 2024 is primarily due to significantly higher excess tax benefits from stock based compensation of $11.9 million in fiscal 2026, partially offset by higher Income before income taxes and resulting deleverage of the FICA tip tax credit.
v3.25.4
SHAREHOLDERS' EQUITY
 6 Months Ended
Dec. 24, 2025
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Share Repurchases
Our Board of Directors approved a $400.0 million increase in our share repurchase program in August 2025 allowing for a total available authority of $507.0 million. Our share repurchase program is used to return capital to shareholders and to minimize the dilution to our shares outstanding that results from equity compensation grants. 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 Shareholder’s equity in the Consolidated Balance Sheets (Unaudited).
In the twenty-six week period ended December 24, 2025, we repurchased 1.8 million shares of our common stock for $235.0 million, including 1.5 million shares purchased for $192.0 million as part of our share repurchase program and 0.3 million shares purchased 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. As of December 24, 2025, approximately $315.0 million of share repurchase authorization remains under the current share repurchase program.
Stock-based Compensation
The following table presents restricted share awards granted under the Company’s various equity compensation plans and the related weighted average fair value per share amounts.
Twenty-Six Week Periods Ended
December 24,
2025		December 25,
2024
Restricted share awards
Restricted share awards granted0.2 0.6 
Weighted average fair value per share$155.81 $85.45 
v3.25.4
NET INCOME PER SHARE
 6 Months Ended
Dec. 24, 2025
Earnings Per Share [Abstract]  
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. Basic weighted average shares outstanding are reconciled to Diluted weighted average shares outstanding as follows:
Thirteen Week Periods EndedTwenty-Six Week Periods Ended
December 24,
2025		December 25,
2024		December 24,
2025		December 25,
2024
Basic weighted average shares outstanding44.0 44.4 44.4 44.7 
Dilutive stock options— 0.1 — 0.1 
Dilutive restricted shares0.9 1.0 1.0 0.9 
Total dilutive impact0.9 1.1 1.0 1.0 
Diluted weighted average shares outstanding44.9 45.5 45.4 45.7 
Awards excluded due to anti-dilutive effect0.1 — — — 
v3.25.4
OTHER GAINS AND CHARGES
 6 Months Ended
Dec. 24, 2025
Other Gains and Charges [Abstract]  
Other Gains and Charges
Other (gains) and charges in the Consolidated Statements of Comprehensive Income (Unaudited) consist of the following:
Thirteen Week Periods EndedTwenty-Six Week Periods Ended
December 24,
2025		December 25,
2024		December 24,
2025		December 25,
2024
Restaurant closure asset write-offs and charges$1.5 $0.8 $2.1 $1.5 
Litigation & claims, net0.8 6.1 1.5 8.6 
Severance and other benefit charges0.2 — 1.7 0.3 
Loss from natural disasters, net (of insurance recoveries)— 0.7 (2.3)0.7 
Enterprise system implementation costs— 5.2 — 9.6 
Lease modification gain, net(2.5)(0.7)(2.5)(1.0)
Other0.5 — 0.9 1.3 
$0.5 $12.1 $1.4 $21.0 
•Restaurant closure asset write-offs and charges includes costs associated with the closure of certain Chili’s and Maggiano’s restaurants in the current year and Chili’s restaurants in the prior year.
•Litigation & claims, net primarily relates to claims on alcohol service cases and legal contingencies, and the current year is inclusive of an insurance reimbursement for an extraordinary one-time settlement related to an employment claim.
•Severance and other benefit charges relates to changes in our management team and organizational structure.
•Loss from natural disasters, net (of insurance recoveries) primarily relates to proceeds received in the current year related to a fiscal 2021 Winter Storm claim, and the prior year includes costs related to two major hurricanes.
•Enterprise system implementation costs primarily consists of software subscription fees and certain other costs prior to implementation and post go-live support of the cloud-based Enterprise Resource Planning (“ERP”) system.
•Lease modification gain, net includes gains related to the reduction of lease liabilities associated with closed Chili’s restaurants, and the current year also includes a lease termination fee received from a landlord at one of these closed restaurants.
v3.25.4
SEGMENT INFORMATION
 6 Months Ended
Dec. 24, 2025
Segment Reporting [Abstract]  
Segment Information
Our chief operating decision maker (“CODM”) is the President and Chief Executive Officer. Our CODM uses Operating income as the measure for assessing performance and allocating resources of our segments. 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, brand recruiting, finance, marketing, culinary innovation and franchise are included in the results of our operating segments. The Corporate segment includes unallocated costs such as information technology, human capital management, accounting, legal, purchasing, 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, delivery service fee income, gift card breakage, digital entertainment revenues, merchandise income, Maggiano’s banquet service charge 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 other service fees.
Operating income includes revenues and expenses directly attributable to segment-level results of operations. Restaurant expenses primarily includes restaurant rent, repairs and maintenance, advertising, supplies, utilities, delivery fees, payment processing fees, franchise and property taxes, workers’ compensation and general liability insurance, and to-go supplies.
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.
The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:
Thirteen Week Period Ended December 24, 2025
Chili'sMaggiano'sCorporateConsolidated
Company sales$1,304.1 $134.7 $— $1,438.8 
Franchise revenues13.2 0.2 — 13.4 
Total revenues1,317.3 134.9 — 1,452.2 
Food and beverage costs336.5 34.0 — 370.5 
Restaurant labor406.6 39.8 — 446.4 
Restaurant expenses312.5 39.4 0.2 352.1 
Depreciation and amortization47.5 4.3 2.8 54.6 
General and administrative14.6 2.1 43.0 59.7 
Other (gains) and charges(0.4)0.3 0.6 0.5 
Total operating costs and expenses1,117.3 119.9 46.6 1,283.8 
Operating income (loss)200.0 15.0 (46.6)168.4 
Interest expenses1.4 — 9.3 10.7 
Other income, net(0.1)— (0.3)(0.4)
Income (loss) before income taxes$198.7 $15.0 $(55.6)$158.1 
Thirteen Week Period Ended December 25, 2024
Chili'sMaggiano'sCorporateConsolidated
Company sales$1,196.9 $149.2 $— $1,346.1 
Franchise revenues11.9 0.2 — 12.1 
Total revenues1,208.8 149.4 — 1,358.2 
Food and beverage costs310.1 33.8 — 343.9 
Restaurant labor378.4 42.6 — 421.0 
Restaurant expenses285.0 39.0 0.4 324.4 
Depreciation and amortization41.8 3.4 2.5 47.7 
General and administrative12.2 2.4 38.5 53.1 
Other (gains) and charges6.2 — 5.9 12.1 
Total operating costs and expenses1,033.7 121.2 47.3 1,202.2 
Operating income (loss)175.1 28.2 (47.3)156.0 
Interest expenses1.6 — 13.1 14.7 
Other income, net— — (0.4)(0.4)
Income (loss) before income taxes$173.5 $28.2 $(60.0)$141.7 
Twenty-Six Week Period Ended December 24, 2025
Chili’sMaggiano'sCorporateConsolidated
Company sales$2,540.3 $233.9 $— $2,774.2 
Franchise revenues26.7 0.5 — 27.2 
Total revenues2,567.0 234.4 — 2,801.4 
Food and beverage costs656.2 58.9 — 715.1 
Restaurant labor801.9 75.5 — 877.4 
Restaurant expenses620.1 75.6 0.4 696.1 
Depreciation and amortization94.2 8.5 5.5 108.2 
General and administrative27.3 3.7 85.9 116.9 
Other (gains) and charges(1.7)1.3 1.8 1.4 
Total operating costs and expenses2,198.0 223.5 93.6 2,515.1 
Operating income (loss)369.0 10.9 (93.6)286.3 
Interest expenses2.7 0.1 18.4 21.2 
Other income, net(0.1)— (0.5)(0.6)
Income (loss) before income taxes$366.4 $10.8 $(111.5)$265.7 
Segment assets$2,193.7 $307.4 $248.1 $2,749.2 
Twenty-Six Week Period Ended December 25, 2024
Chili’s
Maggiano'sCorporateConsolidated
Company sales
$2,215.8 $257.6 $— $2,473.4 
Franchise revenues
23.4 0.4 — 23.8 
Total revenues2,239.2 258.0 — 2,497.2 
Food and beverage costs569.2 59.0 — 628.2 
Restaurant labor720.0 78.4 — 798.4 
Restaurant expenses565.6 72.0 0.7 638.3 
Depreciation and amortization82.3 6.8 4.9 94.0 
General and administrative24.0 5.4 75.5 104.9 
Other (gains) and charges9.1 0.4 11.5 21.0 
Total operating costs and expenses1,970.2 222.0 92.6 2,284.8 
Operating income (loss)269.0 36.0 (92.6)212.4 
Interest expenses2.9 0.1 26.0 29.0 
Other income, net(0.1)— (0.5)(0.6)
Income (loss) before income taxes$266.2 $35.9 $(118.1)$184.0 
Segment assets$2,112.6 $256.1 $191.6 $2,560.3 
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 24, 2025
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
v3.25.4
BASIS OF PRESENTATION (Policies)
 6 Months Ended
Dec. 24, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Use of Estimates
Use of Estimates
The preparation of the Consolidated Financial Statements (Unaudited) is in conformity with generally accepted accounting principles in the United States (“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 (Unaudited), and the reported amounts of revenues and costs and expenses in the reporting periods. Actual results could differ from those estimates.
The information furnished herein reflects all adjustments (consisting only of normal recurring accruals and adjustments) which are, in our opinion, necessary to fairly state the interim operating results, financial position and cash flows for the respective periods. However, these operating results are not necessarily indicative of the results expected for the full fiscal year. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with GAAP, have been omitted pursuant to SEC rules and regulations. The Notes to Consolidated Financial Statements (Unaudited) should be read in conjunction with the Notes to Consolidated Financial Statements contained in our June 25, 2025 Form 10-K. We believe the disclosures are sufficient for interim financial reporting purposes. All amounts in the Notes to Consolidated Financial Statements (Unaudited) are presented in millions unless otherwise specified.
Foreign Currency Translation
Foreign Currency Translation
The Foreign currency translation adjustment represents the unrealized impact of translating the financial statements of our Canadian restaurants from their respective functional currency (Canadian dollars) to United States dollars and are reported as a component of Comprehensive income and recorded in Accumulated other comprehensive loss on our Consolidated Balance Sheets (Unaudited).
Recently Issued Accounting Standards
Recently Issued Accounting Standards
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 require us to adopt the provisions in our fiscal 2026 Form 10-K. The amendments should be applied prospectively; however, retrospective application is permitted. Management does not expect this ASU to have a material impact on our disclosures.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires, for each relevant expense caption on the income statement, detailed disclosure amounts for purchases of inventory, employee compensation, depreciation, and intangible asset amortization. In addition, this ASU requires companies to include amounts already required by GAAP in the same disclosure, provide a qualitative description of remaining amounts not separately disaggregated, and disclose the amount of total selling expenses along with the companies’ definition of selling expenses. The amendment is effective for fiscal years beginning after December 15, 2026, which would require us to adopt the provisions in our fiscal 2028 Form 10-K. 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 September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This ASU modernizes outdated guidance for internal-use software costs to reflect current development practices, including agile and iterative methods, replacing the previous waterfall-based model. The amendments eliminate the requirement to classify costs by development stages (preliminary, application development, and post-implementation) and introduce a principles-based threshold for capitalization. Under the new guidance, capitalization begins when management authorizes and commits funding for the project and it is probable the project will be completed and the software will perform its intended function (probable-to-complete threshold). The amendments are effective for fiscal years beginning after December 15, 2027, which would require us to adopt the provisions as of the beginning of our fiscal year 2029. Management is currently evaluating the impact of this guidance on our consolidated financial statements and related disclosures.
v3.25.4
REVENUE RECOGNITION (Tables)
 6 Months Ended
Dec. 24, 2025
Revenue from Contract with Customer [Abstract]  
Changes in Deferred Franchise and Development Fees
The following table reflects the changes in deferred franchise and development fees between June 25, 2025 and December 24, 2025:
Deferred Franchise and Development Fees
Balance as of June 25, 2025$9.8 
Additions0.2 
Amount recognized to Franchise revenues(0.7)
Balance as of December 24, 2025$9.3 
Remaining Deferred Franchise and Development Fees to be Recognized
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 December 24, 2025:
Fiscal YearFranchise and Development Fees Revenue Recognition
Remainder of 2026$0.4 
20270.8 
20280.7 
20290.6 
20300.5 
Thereafter6.3 
$9.3 
Changes in the Gift Card Liability The following table reflects the changes in the Gift card liability between June 25, 2025 and December 24, 2025:
Gift Card Liability
Balance as of June 25, 2025$57.2 
Gift card sales75.0 
Gift card redemptions recognized to Company sales(49.3)
Gift card breakage recognized to Company sales(4.6)
Other(1.4)
Balance as of December 24, 2025
$76.9 
v3.25.4
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Dec. 24, 2025
Fair Value Disclosures [Abstract]  
Debt Instruments - Carrying Values and Estimated Fair Values Schedule
The carrying amounts of the note, which are net of unamortized debt issuance costs, and fair value are as follows:
December 24, 2025June 25, 2025
Carrying AmountFair ValueCarrying AmountFair Value
8.25% notes$346.4 $371.1 $346.0 $372.3 
v3.25.4
ACCRUED LIABILITIES (Tables)
 6 Months Ended
Dec. 24, 2025
Payables and Accruals [Abstract]  
Other Accrued Liabilities Schedule
Other accrued liabilities consist of the following:
December 24,
2025		June 25,
2025
Insurance$42.0 $39.7 
Property tax27.4 25.2 
Current installments of finance lease obligations27.3 17.6 
Sales tax24.4 22.8 
Interest13.7 13.5 
Utilities and services10.6 10.5
Other40.9 43.3 
$186.3 $172.6 
v3.25.4
LEASES (Tables)
 6 Months Ended
Dec. 24, 2025
Leases [Abstract]  
Lease Expenses Included in the Consolidated Statements of Comprehensive Income
The components of lease expenses included in the Consolidated Statements of Comprehensive Income (Unaudited) were as follows:
Thirteen Week Periods EndedTwenty-Six Week Periods Ended
December 24,
2025		December 25,
2024		December 24,
2025		December 25,
2024
Operating lease cost$47.5 $45.8 $95.0 $91.4 
Variable lease cost18.1 17.5 36.2 33.6 
Finance lease amortization6.6 6.8 13.2 12.5 
Finance lease interest1.6 1.6 3.3 3.1 
Short-term lease cost0.2 0.2 0.4 0.3 
Sublease income(0.4)(0.4)(0.7)(0.8)
Total lease costs, net$73.6 $71.5 $147.4 $140.1 
Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases:
Twenty-Six Week Periods Ended
December 24,
2025		December 25,
2024
Operating lease assets obtained in exchange for operating lease liabilities$94.7 $43.4 
Finance lease assets obtained in exchange for finance lease liabilities21.9 16.6 
v3.25.4
DEBT (Tables)
 6 Months Ended
Dec. 24, 2025
Debt Disclosure [Abstract]  
Long-term Debt Schedule
Long-term debt consists of the following:
December 24,
2025		June 25,
2025
Revolving credit facility$20.0 $— 
8.25% notes350.0 350.0 
Finance lease obligations112.2 97.6 
Total long-term debt482.2 447.6 
Less: unamortized debt issuance costs(3.6)(4.0)
Total long-term debt, less unamortized debt issuance costs478.6 443.6 
Less: current installments of long-term debt(1)
(27.3)(17.6)
Total long-term debt, less current portion$451.3 $426.0 
(1)Current installments of long-term debt consist of finance leases and are recorded within Other accrued liabilities in the Consolidated Balance Sheets (Unaudited). Refer to Note 4 - Accrued Liabilities for further details.
v3.25.4
INCOME TAXES (Tables)
 6 Months Ended
Dec. 24, 2025
Income Tax Disclosure [Abstract]  
Effective Income Tax Rate Schedule
Twenty-Six Week Periods Ended
December 24,
2025		December 25,
2024
Effective income tax rate14.2 %14.7 %
v3.25.4
SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Dec. 24, 2025
Stockholders' Equity Note [Abstract]  
Stock-based Compensation Schedule
The following table presents restricted share awards granted under the Company’s various equity compensation plans and the related weighted average fair value per share amounts.
Twenty-Six Week Periods Ended
December 24,
2025		December 25,
2024
Restricted share awards
Restricted share awards granted0.2 0.6 
Weighted average fair value per share$155.81 $85.45 
v3.25.4
NET INCOME PER SHARE (Tables)
 6 Months Ended
Dec. 24, 2025
Earnings Per Share [Abstract]  
Basic to Diluted Weighted Average Number of Shares Reconciliation Basic weighted average shares outstanding are reconciled to Diluted weighted average shares outstanding as follows:
Thirteen Week Periods EndedTwenty-Six Week Periods Ended
December 24,
2025		December 25,
2024		December 24,
2025		December 25,
2024
Basic weighted average shares outstanding44.0 44.4 44.4 44.7 
Dilutive stock options— 0.1 — 0.1 
Dilutive restricted shares0.9 1.0 1.0 0.9 
Total dilutive impact0.9 1.1 1.0 1.0 
Diluted weighted average shares outstanding44.9 45.5 45.4 45.7 
Awards excluded due to anti-dilutive effect0.1 — — — 
v3.25.4
OTHER GAINS AND CHARGES (Tables)
 6 Months Ended
Dec. 24, 2025
Other Gains and Charges [Abstract]  
Other Gains And Charges
Other (gains) and charges in the Consolidated Statements of Comprehensive Income (Unaudited) consist of the following:
Thirteen Week Periods EndedTwenty-Six Week Periods Ended
December 24,
2025		December 25,
2024		December 24,
2025		December 25,
2024
Restaurant closure asset write-offs and charges$1.5 $0.8 $2.1 $1.5 
Litigation & claims, net0.8 6.1 1.5 8.6 
Severance and other benefit charges0.2 — 1.7 0.3 
Loss from natural disasters, net (of insurance recoveries)— 0.7 (2.3)0.7 
Enterprise system implementation costs— 5.2 — 9.6 
Lease modification gain, net(2.5)(0.7)(2.5)(1.0)
Other0.5 — 0.9 1.3 
$0.5 $12.1 $1.4 $21.0 
v3.25.4
SEGMENT INFORMATION (Tables)
 6 Months Ended
Dec. 24, 2025
Segment Reporting [Abstract]  
Segment Information Tables
The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:
Thirteen Week Period Ended December 24, 2025
Chili'sMaggiano'sCorporateConsolidated
Company sales$1,304.1 $134.7 $— $1,438.8 
Franchise revenues13.2 0.2 — 13.4 
Total revenues1,317.3 134.9 — 1,452.2 
Food and beverage costs336.5 34.0 — 370.5 
Restaurant labor406.6 39.8 — 446.4 
Restaurant expenses312.5 39.4 0.2 352.1 
Depreciation and amortization47.5 4.3 2.8 54.6 
General and administrative14.6 2.1 43.0 59.7 
Other (gains) and charges(0.4)0.3 0.6 0.5 
Total operating costs and expenses1,117.3 119.9 46.6 1,283.8 
Operating income (loss)200.0 15.0 (46.6)168.4 
Interest expenses1.4 — 9.3 10.7 
Other income, net(0.1)— (0.3)(0.4)
Income (loss) before income taxes$198.7 $15.0 $(55.6)$158.1 
Thirteen Week Period Ended December 25, 2024
Chili'sMaggiano'sCorporateConsolidated
Company sales$1,196.9 $149.2 $— $1,346.1 
Franchise revenues11.9 0.2 — 12.1 
Total revenues1,208.8 149.4 — 1,358.2 
Food and beverage costs310.1 33.8 — 343.9 
Restaurant labor378.4 42.6 — 421.0 
Restaurant expenses285.0 39.0 0.4 324.4 
Depreciation and amortization41.8 3.4 2.5 47.7 
General and administrative12.2 2.4 38.5 53.1 
Other (gains) and charges6.2 — 5.9 12.1 
Total operating costs and expenses1,033.7 121.2 47.3 1,202.2 
Operating income (loss)175.1 28.2 (47.3)156.0 
Interest expenses1.6 — 13.1 14.7 
Other income, net— — (0.4)(0.4)
Income (loss) before income taxes$173.5 $28.2 $(60.0)$141.7 
Twenty-Six Week Period Ended December 24, 2025
Chili’sMaggiano'sCorporateConsolidated
Company sales$2,540.3 $233.9 $— $2,774.2 
Franchise revenues26.7 0.5 — 27.2 
Total revenues2,567.0 234.4 — 2,801.4 
Food and beverage costs656.2 58.9 — 715.1 
Restaurant labor801.9 75.5 — 877.4 
Restaurant expenses620.1 75.6 0.4 696.1 
Depreciation and amortization94.2 8.5 5.5 108.2 
General and administrative27.3 3.7 85.9 116.9 
Other (gains) and charges(1.7)1.3 1.8 1.4 
Total operating costs and expenses2,198.0 223.5 93.6 2,515.1 
Operating income (loss)369.0 10.9 (93.6)286.3 
Interest expenses2.7 0.1 18.4 21.2 
Other income, net(0.1)— (0.5)(0.6)
Income (loss) before income taxes$366.4 $10.8 $(111.5)$265.7 
Segment assets$2,193.7 $307.4 $248.1 $2,749.2 
Twenty-Six Week Period Ended December 25, 2024
Chili’s
Maggiano'sCorporateConsolidated
Company sales
$2,215.8 $257.6 $— $2,473.4 
Franchise revenues
23.4 0.4 — 23.8 
Total revenues2,239.2 258.0 — 2,497.2 
Food and beverage costs569.2 59.0 — 628.2 
Restaurant labor720.0 78.4 — 798.4 
Restaurant expenses565.6 72.0 0.7 638.3 
Depreciation and amortization82.3 6.8 4.9 94.0 
General and administrative24.0 5.4 75.5 104.9 
Other (gains) and charges9.1 0.4 11.5 21.0 
Total operating costs and expenses1,970.2 222.0 92.6 2,284.8 
Operating income (loss)269.0 36.0 (92.6)212.4 
Interest expenses2.9 0.1 26.0 29.0 
Other income, net(0.1)— (0.5)(0.6)
Income (loss) before income taxes$266.2 $35.9 $(118.1)$184.0 
Segment assets$2,112.6 $256.1 $191.6 $2,560.3 
v3.25.4
BASIS OF PRESENTATION (Details)
Dec. 24, 2025
Restaurants
Country
territories
Franchisor Disclosure [Line Items]  
Number of restaurants 1,627
Chili's Restaurants [Member]  
Franchisor Disclosure [Line Items]  
Number of foreign countries in which entity operates | Country 27
Number of U.S. territories in which entity operates | territories 2
Company-owned and Operated [Member]  
Franchisor Disclosure [Line Items]  
Number of restaurants 1,160
Franchised [Member]  
Franchisor Disclosure [Line Items]  
Number of restaurants 467
v3.25.4
REVENUE RECOGNITION (Deferred Franchise and Development Fees) (Details) - Deferred Franchise and Development Fees [Member]
$ in Millions
 6 Months Ended
Dec. 24, 2025
USD ($)
Changes in deferred franchise and development fees [Line Items]  
Balance as of June 25, 2025 $ 9.8
Additions 0.2
Amount recognized to Franchise revenues (0.7)
Balance as of December 24, 2025 $ 9.3
v3.25.4
REVENUE RECOGNITION (Remaining Deferred Franchise and Development Fees to be Recognized) (Details)
$ in Millions
Dec. 24, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 9.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-12-25  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 0.4
Remaining deferred franchise and development fees to be recognized, expected timing of satisfaction in years 6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-06-25  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 0.8
Remaining deferred franchise and development fees to be recognized, expected timing of satisfaction in years 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-06-30  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 0.7
Remaining deferred franchise and development fees to be recognized, expected timing of satisfaction in years 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-06-29  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 0.6
Remaining deferred franchise and development fees to be recognized, expected timing of satisfaction in years 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-06-28  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 0.5
Remaining deferred franchise and development fees to be recognized, expected timing of satisfaction in years 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-06-27  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining deferred franchise and development fees to be recognized $ 6.3
Remaining deferred franchise and development fees to be recognized, expected timing of satisfaction in years 15 years
v3.25.4
REVENUE RECOGNITION (Deferred Gift Card Revenues) (Details)
$ in Millions
 6 Months Ended
Dec. 24, 2025
USD ($)
Deferred Gift Card Revenues [Line Items]  
Balance as of June 25, 2025 $ 57.2
Balance as of December 24, 2025 76.9
Gift card sales [Member]  
Deferred Gift Card Revenues [Line Items]  
Increase (decrease) in gift card liability 75.0
Gift card redemptions [Member]  
Deferred Gift Card Revenues [Line Items]  
Gift card redemptions recognized to Company sales (49.3)
Gift card breakage [Member]  
Deferred Gift Card Revenues [Line Items]  
Gift card breakage recognized to Company sales (4.6)
Gift card other [Member]  
Deferred Gift Card Revenues [Line Items]  
Increase (decrease) in gift card liability $ (1.4)
v3.25.4
FAIR VALUE MEASUREMENTS (Schedule of Carrying and Fair Values of Financial Instruments) (Details) - 8.250% notes [Member] - USD ($)
$ in Millions
Dec. 24, 2025
Jun. 25, 2025
Debt Instrument [Line Items]    
Notes, stated percentage interest rate 8.25%  
Carrying value of notes $ 346.4 $ 346.0
Fair value of notes $ 371.1 $ 372.3
v3.25.4
FAIR VALUE MEASUREMENTS (Non-Financial Assets Measured on a Non-Recurring Basis) (Details) - USD ($)
$ in Millions
 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Jun. 25, 2025
Additional Fair Value Elements [Abstract]      
Accumulated amortization associated with definite-lived intangible assets $ 20.1   $ 19.0
Schedule of Impairments [Line Items]      
Impairment of definite lived assets 0.0 $ 0.0  
Impairment of goodwill 0.0 0.0  
Liquor Licenses [Member]      
Schedule of Impairments [Line Items]      
Impairment of liquor licenses $ 0.0 $ 0.0  
v3.25.4
ACCRUED LIABILITIES (Schedule of Other Accrued Liabilities) (Details) - USD ($)
$ in Millions
Dec. 24, 2025
Jun. 25, 2025
Other accrued liabilities [Line Items]    
Insurance $ 42.0 $ 39.7
Property tax 27.4 25.2
Current installments of finance lease obligations 27.3 17.6
Sales tax 24.4 22.8
Interest 13.7 13.5
Utilities and services 10.6 10.5
Other 40.9 43.3
Other accrued liabilities $ 186.3 $ 172.6
v3.25.4
LEASES (Disclosure of Lease Expenses) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Dec. 24, 2025
Dec. 25, 2024
Leases [Abstract]        
Operating lease cost $ 47.5 $ 45.8 $ 95.0 $ 91.4
Variable lease cost 18.1 17.5 36.2 33.6
Finance lease amortization 6.6 6.8 13.2 12.5
Finance lease interest 1.6 1.6 3.3 3.1
Short-term lease cost 0.2 0.2 0.4 0.3
Sublease income (0.4) (0.4) (0.7) (0.8)
Total lease costs, net $ 73.6 $ 71.5 $ 147.4 $ 140.1
v3.25.4
LEASES (Supplemental Information Related to Leases) (Details) - USD ($)
$ in Millions
 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Jun. 25, 2025
Leases [Abstract]      
Operating lease assets obtained in exchange for operating lease liabilities $ 94.7 $ 43.4  
Finance lease assets obtained in exchange for finance lease liabilities 21.9 $ 16.6  
Finance lease, right-of-use asset, net $ 94.2   $ 85.8
v3.25.4
DEBT (Schedule of Long-Term Debt) (Details) - USD ($)
$ in Millions
Dec. 24, 2025
Jun. 25, 2025
Debt Instrument [Line Items]    
Finance lease obligations $ 112.2 $ 97.6
Total long-term debt 482.2 447.6
Less: unamortized debt issuance costs (3.6) (4.0)
Total long-term debt, less unamortized debt issuance costs 478.6 443.6
Less: current installments of long-term debt [1] (27.3) (17.6)
Total long-term debt, less current portion 451.3 426.0
8.250% notes [Member]    
Debt Instrument [Line Items]    
Senior notes $ 350.0 350.0
Notes, stated percentage interest rate 8.25%  
1.0B Revolving Credit Facility    
Debt Instrument [Line Items]    
Revolving credit facility $ 20.0 $ 0.0
[1] Current installments of long-term debt consist of finance leases and are recorded within Other accrued liabilities in the Consolidated Balance Sheets (Unaudited). Refer to Note 4 - Accrued Liabilities for further details.
v3.25.4
DEBT (Additional Information) (Details)
$ in Millions
 6 Months Ended
Dec. 24, 2025
USD ($)
Line of Credit Facility [Line Items]  
Net borrowings $ 20.0
Amount of undrawn standby letters of credit outstanding 34.1
Financial Standby Letter of Credit  
Line of Credit Facility [Line Items]  
Amount of undrawn standby letters of credit outstanding $ 30.1
8.250% notes [Member]  
Line of Credit Facility [Line Items]  
Notes, covenant compliance we were in compliance with our covenants pursuant to the $1.0 billion revolving credit facility and under the terms of the indentures governing our 8.25% notes
1.0B Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Revolving credit facility, remaining borrowing capacity $ 949.9
Revolving credit facility, maximum borrowing capacity $ 1,000.0
Revolving credit facility, expiration date May 01, 2030
Revolving credit facility, variable rate basis SOFR
Revolving credit facility, interest rate at period end 4.98%
Revolving credit facility, covenant compliance we were in compliance with our covenants pursuant to the $1.0 billion revolving credit facility and under the terms of the indentures governing our 8.25% notes
Minimum [Member] | 1.0B Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Basis spread on variable rate 1.25%
Undrawn commitment fee spread 0.20%
Maximum [Member] | 1.0B Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Basis spread on variable rate 2.00%
Undrawn commitment fee spread 0.30%
Secured Overnight Financing Rate (SOFR) | 1.0B Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Revolving credit facility, interest rate at period end 3.73%
Basis Spread | 1.0B Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Revolving credit facility, interest rate at period end 1.25%
v3.25.4
COMMITMENTS AND CONTINGENCIES (Lease Commitments) (Details) - USD ($)
$ in Millions
Dec. 24, 2025
Jun. 25, 2025
Maximum [Member] | Lease Guarantees And Secondary Obligations [Member]    
Guarantor Obligations [Line Items]    
Loss contingency, estimate of possible loss $ 10.1 $ 11.9
v3.25.4
COMMITMENTS AND CONTINGENCIES (Additional Information) (Details)
$ in Millions
Dec. 24, 2025
USD ($)
LegalMatter
Loss Contingencies [Line Items]  
Amount of undrawn standby letters of credit outstanding | $ $ 34.1
Number of matters pending or threatened which are expected to have a material adverse effect | LegalMatter 0
v3.25.4
INCOME TAXES (Effective and Statutory Tax Rates) (Details) - USD ($)
$ in Millions
 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Income Tax Disclosure [Abstract]    
Effective income tax rate 14.20% 14.70%
Federal Statutory Income Tax Rate, Percent 21.00% 21.00%
Change in the effective income tax rate due to excess tax benefits from stock-based compensation $ 11.9  
v3.25.4
SHAREHOLDERS' EQUITY (Share Repurchases) (Details) - USD ($)
shares in Millions, $ in Millions
 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Aug. 11, 2025
Share Repurchase Program [Line Items]      
Additional amount authorized under our Share Repurchase Program     $ 400.0
Remaining amount of share repurchase authorizations available $ 315.0   $ 507.0
Number of shares repurchased 1.8    
Purchases of treasury stock $ 235.0 $ 85.2  
Open Market Purchase      
Share Repurchase Program [Line Items]      
Number of shares repurchased 1.5    
Purchases of treasury stock $ 192.0    
Withheld from Employees [Member]      
Share Repurchase Program [Line Items]      
Number of shares repurchased 0.3    
v3.25.4
SHAREHOLDERS' EQUITY (Stock-based Compensation) (Details) - $ / shares
shares in Millions
 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Restricted share awards granted 0.2 0.6
Weighted average fair value per share $ 155.81 $ 85.45
v3.25.4
NET INCOME PER SHARE (Details) - shares
shares in Millions
 3 Months Ended 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Dec. 24, 2025
Dec. 25, 2024
Reconciliation of Weighted Average Shares Outstanding [Line Items]        
Basic weighted average shares outstanding 44.0 44.4 44.4 44.7
Total dilutive impact 0.9 1.1 1.0 1.0
Diluted weighted average shares outstanding 44.9 45.5 45.4 45.7
Awards excluded due to anti-dilutive effect 0.1 0.0 0.0 0.0
Stock Options [Member]        
Reconciliation of Weighted Average Shares Outstanding [Line Items]        
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 0.0 0.1 0.0 0.1
Restricted Share Award [Member]        
Reconciliation of Weighted Average Shares Outstanding [Line Items]        
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 0.9 1.0 1.0 0.9
v3.25.4
OTHER GAINS AND CHARGES (Schedule of Other Gains and Charges) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 24, 2025
Dec. 25, 2024
Dec. 24, 2025
Dec. 25, 2024
Restructuring Cost and Reserve [Line Items]        
Restaurant closure asset write-offs and charges $ 1.5 $ 0.8 $ 2.1 $ 1.5
Litigation & claims, net 0.8 6.1 1.5 8.6
Severance and other benefit charges 0.2 0.0 1.7 0.3
Loss from natural disasters, net (of insurance recoveries) 0.0 0.7 (2.3) 0.7
Enterprise system implementation costs 0.0 5.2 0.0 9.6
Lease modification gain, net (2.5) (0.7) (2.5) (1.0)
Other 0.5 0.0 0.9 1.3
Other (gains) and charges $ 0.5 $ 12.1 $ 1.4 $ 21.0
v3.25.4
SEGMENT INFORMATION (Schedule of Segment Reporting) (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 24, 2025
USD ($)
Country
territories
Dec. 25, 2024
USD ($)
Dec. 24, 2025
USD ($)
Country
territories
Dec. 25, 2024
USD ($)
Jun. 25, 2025
USD ($)
Segment Reporting Information [Line Items]          
Segment Information, disclosure of major customers     We do not rely on any major customers as a source of sales    
Total revenues $ 1,452.2 $ 1,358.2 $ 2,801.4 $ 2,497.2  
Food and beverage costs 370.5 343.9 715.1 628.2  
Restaurant labor 446.4 421.0 877.4 798.4  
Restaurant expenses 352.1 324.4 696.1 638.3  
Depreciation and amortization 54.6 47.7 108.2 94.0  
General and administrative 59.7 53.1 116.9 104.9  
Other (gains) and charges 0.5 12.1 1.4 21.0  
Total operating costs and expenses 1,283.8 1,202.2 2,515.1 2,284.8  
Operating income (loss) 168.4 156.0 286.3 212.4  
Interest expenses 10.7 14.7 21.2 29.0  
Other income, net (0.4) (0.4) (0.6) (0.6)  
Income before income taxes 158.1 141.7 265.7 184.0  
Segment assets $ 2,749.2 2,560.3 $ 2,749.2 2,560.3 $ 2,678.6
Chili's Restaurants [Member]          
Segment Reporting Information [Line Items]          
Number of foreign countries in which entity operates | Country 27   27    
Number of U.S. territories in which entity operates | territories 2   2    
Total revenues $ 1,317.3 1,208.8 $ 2,567.0 2,239.2  
Food and beverage costs 336.5 310.1 656.2 569.2  
Restaurant labor 406.6 378.4 801.9 720.0  
Restaurant expenses 312.5 285.0 620.1 565.6  
Depreciation and amortization 47.5 41.8 94.2 82.3  
General and administrative 14.6 12.2 27.3 24.0  
Other (gains) and charges (0.4) 6.2 (1.7) 9.1  
Total operating costs and expenses 1,117.3 1,033.7 2,198.0 1,970.2  
Operating income (loss) 200.0 175.1 369.0 269.0  
Interest expenses 1.4 1.6 2.7 2.9  
Other income, net (0.1) 0.0 (0.1) (0.1)  
Income before income taxes 198.7 173.5 366.4 266.2  
Segment assets 2,193.7 2,112.6 2,193.7 2,112.6  
Maggiano's Restaurants [Member]          
Segment Reporting Information [Line Items]          
Total revenues 134.9 149.4 234.4 258.0  
Food and beverage costs 34.0 33.8 58.9 59.0  
Restaurant labor 39.8 42.6 75.5 78.4  
Restaurant expenses 39.4 39.0 75.6 72.0  
Depreciation and amortization 4.3 3.4 8.5 6.8  
General and administrative 2.1 2.4 3.7 5.4  
Other (gains) and charges 0.3 0.0 1.3 0.4  
Total operating costs and expenses 119.9 121.2 223.5 222.0  
Operating income (loss) 15.0 28.2 10.9 36.0  
Interest expenses 0.0 0.0 0.1 0.1  
Other income, net 0.0 0.0 0.0 0.0  
Income before income taxes 15.0 28.2 10.8 35.9  
Segment assets 307.4 256.1 307.4 256.1  
Corporate Segment and Other Operating Segment [Member]          
Segment Reporting Information [Line Items]          
Total revenues 0.0 0.0 0.0 0.0  
Food and beverage costs 0.0 0.0 0.0 0.0  
Restaurant labor 0.0 0.0 0.0 0.0  
Restaurant expenses 0.2 0.4 0.4 0.7  
Depreciation and amortization 2.8 2.5 5.5 4.9  
General and administrative 43.0 38.5 85.9 75.5  
Other (gains) and charges 0.6 5.9 1.8 11.5  
Total operating costs and expenses 46.6 47.3 93.6 92.6  
Operating income (loss) (46.6) (47.3) (93.6) (92.6)  
Interest expenses 9.3 13.1 18.4 26.0  
Other income, net (0.3) (0.4) (0.5) (0.5)  
Income before income taxes (55.6) (60.0) (111.5) (118.1)  
Segment assets 248.1 191.6 248.1 191.6  
Company sales [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,438.8 1,346.1 2,774.2 2,473.4  
Company sales [Member] | Chili's Restaurants [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,304.1 1,196.9 2,540.3 2,215.8  
Company sales [Member] | Maggiano's Restaurants [Member]          
Segment Reporting Information [Line Items]          
Revenues 134.7 149.2 233.9 257.6  
Company sales [Member] | Corporate Segment and Other Operating Segment [Member]          
Segment Reporting Information [Line Items]          
Revenues 0.0 0.0 0.0 0.0  
Franchise revenues [Member]          
Segment Reporting Information [Line Items]          
Revenues 13.4 12.1 27.2 23.8  
Franchise revenues [Member] | Chili's Restaurants [Member]          
Segment Reporting Information [Line Items]          
Revenues 13.2 11.9 26.7 23.4  
Franchise revenues [Member] | Maggiano's Restaurants [Member]          
Segment Reporting Information [Line Items]          
Revenues 0.2 0.2 0.5 0.4  
Franchise revenues [Member] | Corporate Segment and Other Operating Segment [Member]          
Segment Reporting Information [Line Items]          
Revenues $ 0.0 $ 0.0 $ 0.0 $ 0.0