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Q2 F25 January 29, 2025
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SAFE HARBOR STATEMENT During these presentations, and in response to your questions, certain items may be discussed which are not based entirely on historical facts. Any such items should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Any forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update such statements to reflect events or circumstances arising after such date. All such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. We have described the most significant of these risks and uncertainties in our reports filed with the Securities and Exchange Commission. Such risks and uncertainties include the impact of general business and economic conditions on us, and our guests, franchisees, suppliers, and landlords, financial and credit market conditions, credit availability, reduced disposable income, the impact of competition, the impact of mergers, acquisitions, divestitures and other strategic transactions, the seasonality of the company’s business, adverse weather conditions, future commodity prices, energy costs, product availability, fuel and utility costs and availability, terrorists acts, consumer perception of food safety, changes in consumer taste, health epidemics or pandemics, changes in demographic trends, availability of employees, unfavorable publicity, the company’s ability to meet its growth plan, acts of God, governmental regulations, inflation, information technology failures, impairment in carrying value of goodwill or other assets, failure of internal controls over financial reporting, litigation, and other risks and uncertainties from time to time filed in our reports to the Securities and Exchange Commission. 2
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Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F25 13% 14.1% 4.2% 12.3% 3.7% Q2 F25 27.4% 31.4% 1.8% 21.1% (1.0%) Q3 F25 Q4 F25 FY F25 SAME STORE SALES – F24, F25 Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F24 5.8% 6.1% 2.6% 5.0% 3.4% Q2 F24 5.2% 5.0% 6.7% 6.4% (2.7%) Q3 F24 3.3% 3.5% 1.7% 4.9% (0.8%) Q4 F24 13.5% 14.8% 2.5% 10.3% 0.5% FY F24 7.0% 7.4% 3.5% 7.1% (2.0%)
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BRINKER SALES AND REVENUE * $1,002 $1,064 $1,109 $1,197 $1,127 $1,346 Q1 Q2 Q3 Q4 Total Company Sales F24 F25 $1,013 $1,074 $1,133 $1,208 $1,139 $1,358 Q1 Q2 Q3 Q4 Total Revenues F24 F25 $898 $917 $988 $1,073 $1,019 $1,197 Q1 Q2 Q3 Q4 Chili’s Company Sales F24 F25 $104 $147 $121 $124 $108 $149 Q1 Q2 Q3 Q4 Maggiano’s Company Sales F24 F25 * Chili’s, Maggiano’s, and Company sales restated to include F23 accounting change.
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PRICE LEADS TO LOWER FOOD COST IN Q2 DESPITE INFLATION Source: Brinker data 5 Food Cost Expense Bridge 25.5% 25.7% 50 bps 50 bps (120 bps)
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SALES LEVERAGE DRIVES SIGNIFICANTLY LOWER Q2 LABOR COST Source: Brinker data 6 Labor Bridge 33.5% 220 bps 40 bps 30 bps (470 bps) 31.3% (40 bps)
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SALES LEVERAGE DRIVES DECREASE IN Q2 RESTAURANT EXPENSE Source: Brinker data 7 Restaurant Expense Bridge 27.7% 40 bps 30 bps 10 bps (420 bps) 24.1% (20 bps)