US Market News
1月前
BRINKER INTERNATIONAL REPORTS THIRD QUARTER OF FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 GUIDANCEApril 29, 2026 6:15 AM
PR Newswire (US)
DALLAS, April 29, 2026 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) today announced its financial results for the third quarter ended March 25, 2026.
Third Quarter Fiscal 2026 Financial Highlights"Chili's delivered its 20th consecutive quarter of same-store sales growth, up 4%, lapping a 31% increase a year ago," said Kevin Hochman, President and CEO of Brinker International. "Guest demand remained strong in the quarter, recovering quickly after significant weather headwinds in January, driven by continuous improvements in food, service, and atmosphere, along with unmatched everyday value."Company sales were $1,455.5 million in the third quarter of fiscal 2026 compared to $1,413.0 million in the third quarter of fiscal 2025. Company comparable restaurant sales increased 3.3% in the third quarter of fiscal 2026, including 4.0% for Chili's. Chili's comparable restaurant sales for February and March both increased 5.9% with positive traffic, reflecting the underlying strength and momentum of the business. In contrast, Chili's January comparable restaurant sales of 0.6% were adversely impacted by Winter Storm Fern and one fewer operating day resulting from a holiday shift.Chili's continued strong performance is driven by a disciplined strategy focused on improving the fundamentals of food, service, and atmosphere, supported by ongoing menu innovation, everyday value, and attention-capturing media and advertising that reinforce the Company's value proposition, drive trial among new guests, and strengthen loyalty. During the quarter, the Company utilized operational cash flow to pay the outstanding amount on the company's revolver and repurchased $108.0 million of the Company's common stock.Financial results for the third quarter of fiscal 2026 and fiscal 2025 were as follows (in millions, except per share amounts and percentages):
Third Quarter
2026
2025
VarianceCompany sales$ 1,455.5
$ 1,413.0
$ 42.5Total revenues$ 1,470.2
$ 1,425.1
$ 45.1
Operating income$ 166.6
$ 156.9
$ 9.7Operating income as a % of Total revenues11.3 %
11.0 %
0.3 %Restaurant operating margin, non-GAAP(1)$ 267.4
$ 266.8
$ 0.6Restaurant operating margin as a % of Company sales, non-GAAP(1)18.4 %
18.9 %
(0.5) %Net income$ 127.9
$ 119.1
$ 8.8Adjusted EBITDA, non-GAAP(1)$ 223.7
$ 220.6
$ 3.1
Net income per diluted share$ 2.87
$ 2.56
$ 0.31Net income per diluted share, excluding special items, non-GAAP(1)$ 2.90
$ 2.66
$ 0.24Comparable Restaurant Sales(2)
Q3:26 vs 25Brinker3.3 %Chili's4.0 %Maggiano's(4.6) %
(1)See Non-GAAP Information and Reconciliations section below for more details
(2)Comparable Restaurant Sales include restaurants that have been in operation for more than 18 full months.
Restaurants temporarily closed for 14 days or more are excluded from comparable restaurant sales.
Percentage amounts are calculated based on the comparable periods year-over-yearUpdates to Full Year Fiscal 2026 GuidanceWe are providing the following updated select financial guidance for fiscal 2026:
Updated Fiscal 2026 Guidance
Previous Fiscal 2026 GuidanceTotal revenues$5.78 billion - $5.82 billion
$5.76 billion - $5.83 billionNet income per diluted share, excluding special items, non-GAAP$10.60 - $10.85
$10.45 - $10.85Capital expenditures$240.0 million - $250.0 million
$250.0 million - $260.0 millionDiluted weighted average shares44.7 million - 45.0 million
44.7 million - 45.2 millionThe risks outlined in the Forward-Looking Statements paragraph of this press release, among other risks, could cause actual results to differ materially from forecasted results. We are unable to reliably forecast special items without unreasonable effort. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.Third Quarter of Fiscal 2026 Operating PerformanceSegment PerformanceThe table below presents selected financial information (in millions, except as noted) related to our segments' operational performance for the thirteen week periods ended March 25, 2026 and March 26, 2025:
Chili's
Maggiano's
Third Quarter
Variance
Third Quarter
Variance
2026
2025
2026
2025
Company sales$ 1,348.1
$ 1,292.2
$ 55.9
$ 107.4
$ 120.8
$ (13.4)Franchise revenues14.5
11.9
2.6
0.2
0.2
—Total revenues$ 1,362.6
$ 1,304.1
$ 58.5
$ 107.6
$ 121.0
$ (13.4)
Company restaurant expenses(1)$ 1,090.6
$ 1,042.1
$ 48.5
$ 97.1
$ 103.5
$ (6.4)Company restaurant expenses as a % of Company sales80.9 %
80.6 %
0.3 %
90.4 %
85.7 %
4.7 %
Operating income - GAAP$ 209.4
$ 197.7
$ 11.7
$ 4.6
$ 10.7
$ (6.1)Operating income (loss) as a % of Total revenues15.4 %
15.2 %
0.2 %
4.3 %
8.8 %
(4.5) %
Restaurant operating margin, non-GAAP(2)$ 257.5
$ 250.1
$ 7.4
$ 10.3
$ 17.3
$ (7.0)Restaurant operating margin as a % of Company sales, non-GAAP(2)19.1 %
19.4 %
(0.3) %
9.6 %
14.3 %
(4.7) %
(1)Company restaurant expenses includes Food and beverage costs, Restaurant labor and Restaurant expenses,
and excludes Depreciation and amortization, General and administrative and Other (gains) and charges
(2)See Non-GAAP Information and Reconciliations section below for more detailsChili'sChili's Company sales increased primarily due to favorable comparable restaurant sales driven by menu pricing, partially offset by lower traffic.Chili's Company restaurant expenses, as a percentage of Company sales, increased primarily due to unfavorable commodity costs and menu item mix, higher manager salaries, repairs and maintenance, delivery fees and to-go supplies, and other restaurant expenses partially offset by sales leverage.Chili's franchisees generated sales of approximately $274.1 million for the third quarter of fiscal 2026 compared to $237.4 million for the third quarter of fiscal 2025.Maggiano'sMaggiano's Company sales decreased primarily due to unfavorable comparable restaurant sales and unfavorable impact of restaurant closures. Unfavorable comparable restaurant sales were driven by lower traffic, partially offset by menu pricing.Maggiano's Company restaurant expenses, as a percentage of Company sales, increased primarily due to sales deleverage, unfavorable menu item mix and commodity costs, higher delivery fees and to-go supplies, and other restaurant expenses, partially offset by lower hourly labor, manager bonus, and worker's compensation and general liability insurance.CorporateOn a GAAP basis, the effective income tax rate was 18.4% in the third quarter of fiscal 2026. The effective income tax rate is lower than the statutory rate of 21.0% primarily due to leverage of the FICA tip credit. Excluding the impact of special items, the effective income tax rate was an expense of 18.7% in the third quarter of fiscal 2026.Webcast InformationInvestors and interested parties are invited to listen to today's conference call, as management will provide further details of the quarter and business updates. A real-time audio webcast of the presentation can be accessed via the Events and Presentations section of the Brinker Investor Relations page. The call will be broadcast live today, April 29, 2026 at 8 a.m. CDT:https://investors.brinker.com/events-and-presentations/For those who are unable to listen to the live broadcast, a replay of the call will be available shortly thereafter.Additional financial information, including statements of income which detail operations excluding special items, and comparable restaurant sales trends by brand, is also available on Brinker's website under the Financial Information section of the Investor tab.Forward CalendarSEC Form 10-Q for the third quarter of fiscal 2026 filing on or before May 4, 2026Earnings release call for the fourth quarter of fiscal 2026 on August 12, 2026Non-GAAP MeasuresBrinker management uses certain non-GAAP measures in analyzing operating performance and believes that the presentation of these measures in this release provides investors with information that is beneficial to gaining an understanding of the Company's financial results. Non-GAAP disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP measures are included in the tables below.About BrinkerBrinker International, Inc. is one of the world's leading casual dining restaurant companies and home of Chili's® Grill & Bar, and Maggiano's Little Italy.® Founded in 1975 in Dallas, Texas, we've ventured far from home, but stayed true to our roots. Brinker owns, operates or franchises more than 1,600 restaurants in the United States, 28 other countries and two U.S. territories. Our passion is making everyone feel special, and we hope you feel that passion each time you visit one of our restaurants or invite us into your home through takeout or delivery. Learn more about Brinker and its brands at brinker.com.Forward-Looking StatementsThe statements and tables contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only based on our current plans and expectations as of the date such statements are made, and we undertake no obligation to update forward-looking statements to reflect events or circumstances arising after the date such statements are made. Forward-looking statements are neither predictions nor guarantees of future events or performance and are subject to risks and uncertainties which could cause actual results to differ materially from our historical results or from those projected in forward-looking statements. Such risks and uncertainties include, among other things, the impact of general economic conditions, including inflation, on economic activity and on our operations; disruptions on our business including consumer demand, costs, product mix, our strategic initiatives, operations, technology and assets, and our financial performance; the impact of current and potential tariffs and trade barriers; the impact of competition, including competitors employing our same strategies or discounting their offerings; changes in consumer preferences, including shifts in their brand preferences; consumer perception of food safety; reduced consumer discretionary spending; governmental regulations; the effectiveness of the Company's business strategy plan; loss of key management personnel; failure to hire and retain high-quality restaurant management and team members; increasing regulation surrounding wage inflation and competitive labor markets; the impact of social media, including the potential governmental ban of platforms used by the Company in its marketing initiatives; reputational damage or unfavorable publicity for our brands, which may result from actions of franchisees not within our control; reliance on technology and third party delivery providers; failure to protect the security of data of our guests and team members; product availability and supply chain disruptions; regional business and economic conditions; volatility in consumer, commodity, transportation, labor, currency and capital markets; litigation; franchisee success; technology failures; failure to protect our intellectual property; outsourcing; impairment of goodwill or assets; failure to maintain effective internal control over financial reporting; downgrades in credit ratings; changes in estimates regarding our assets; actions of activist shareholders; our pursuit of or failure to comply with new environmental and sustainability requirements; our pursuit of or failure to achieve any goals, targets or objectives with respect to sustainability matters; adverse weather conditions; terrorist acts; cybersecurity, artificial intelligence and phishing threats; health epidemics or pandemics; tax reform; inadequate insurance coverage; and limitations imposed by our credit agreements as well as the risks and uncertainties described in "Risk Factors" in our Annual Report on Form 10-K and future filings with the Securities and Exchange Commission.BRINKER INTERNATIONAL, INC.
Consolidated Statements of Comprehensive Income (Unaudited)
(In millions, except per share amounts)
Thirteen Week Periods Ended
Thirty-Nine Week Periods Ended
March 25, 2026
March 26, 2025
March 25, 2026
March 26, 2025Revenues
Company sales$ 1,455.5
$ 1,413.0
$ 4,229.7
$ 3,886.4Franchise revenues14.7
12.1
41.9
35.9Total revenues1,470.2
1,425.1
4,271.6
3,922.3Operating costs and expenses
Food and beverage costs373.1
353.1
1,088.2
981.3Restaurant labor456.4
452.2
1,333.8
1,250.6Restaurant expenses358.6
340.9
1,054.7
979.2Depreciation and amortization55.0
54.7
163.2
148.7General and administrative58.4
58.3
175.3
163.2Other (gains) and charges(1)2.1
9.0
3.5
30.0Total operating costs and expenses1,303.6
1,268.2
3,818.7
3,553.0Operating income166.6
156.9
452.9
369.3Interest expenses10.1
13.2
31.3
42.2Other income, net(0.2)
(0.1)
(0.8)
(0.7)Income before income taxes156.7
143.8
422.4
327.8Provision for income taxes28.8
24.7
66.5
51.7Net income$ 127.9
$ 119.1
$ 355.9
$ 276.1
Basic net income per share$ 2.96
$ 2.68
$ 8.09
$ 6.19
Diluted net income per share$ 2.87
$ 2.56
$ 7.90
$ 5.96
Basic weighted average shares outstanding43.2
44.4
44.0
44.6
Diluted weighted average shares outstanding44.5
46.4
45.1
46.4
Other comprehensive income (loss)
Foreign currency translation adjustment$ (0.1)
$ 0.1
$ (0.1)
$ (0.3)Comprehensive income$ 127.8
$ 119.2
$ 355.8
$ 275.8(1)Other (gains) and charges included in the Consolidated Statements of Comprehensive Income (Unaudited):
Thirteen Week Periods Ended
Thirty-Nine Week Periods Ended
March 25, 2026
March 26, 2025
March 25, 2026
March 26, 2025Litigation & claims, net$ 0.9
$ 2.5
$ 2.4
$ 11.1Loss from natural disasters, net (of insurance recoveries)0.3
—
(2.0)
0.7Restaurant closure asset write-offs and charges0.1
0.8
2.2
2.3Enterprise system implementation costs—
2.4
—
12.0Severance and other benefit charges—
2.0
1.7
2.3Lease contingencies—
1.5
—
1.5Lease modification gain, net(0.1)
(0.2)
(2.6)
(1.2)Other0.9
—
1.8
1.3Total other (gains) and charges$ 2.1
$ 9.0
$ 3.5
$ 30.0 BRINKER INTERNATIONAL, INC.
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
March 25,
2026
June 25,
2025ASSETS
Total current assets$ 270.5
$ 207.0Net property and equipment966.4
952.7Operating lease assets1,193.3
1,149.1Deferred income taxes, net76.9
101.4Other assets265.2
268.4Total assets$ 2,772.3
$ 2,678.6LIABILITIES AND SHAREHOLDERS' EQUITY
Total current liabilities$ 681.4
$ 675.6Long-term debt and finance leases, less current installments424.4
426.0Long-term operating lease liabilities, less current portion1,182.8
1,135.3Other liabilities77.7
70.8Total shareholders' equity406.0
370.9Total liabilities and shareholders' equity$ 2,772.3
$ 2,678.6 BRINKER INTERNATIONAL, INC.
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Thirty-Nine Week Periods Ended
March 25, 2026
March 26, 2025Cash flows from operating activities
Net income$ 355.9
$ 276.1Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization163.2
148.7Stock-based compensation24.0
23.1Deferred income taxes, net24.5
12.6Non-cash other (gains) and charges6.7
11.6Net loss on disposal of assets6.5
8.6Other1.4
1.9Changes in assets and liabilities(10.4)
10.4Net cash provided by operating activities571.8
493.0Cash flows from investing activities
Payments for property and equipment(173.5)
(185.4)Proceeds from sale of assets0.3
—Insurance recoveries0.5
—Net cash used in investing activities(172.7)
(185.4)Cash flows from financing activities
Borrowings on revolving credit facility650.0
670.0Payments on revolving credit facility(650.0)
(580.0)Payments on long-term debt(18.1)
(366.3)Purchases of treasury stock(343.4)
(86.3)Proceeds from issuance of treasury stock0.6
8.0Payments for debt issuance costs—
(0.1)Net cash used in financing activities(360.9)
(354.7)Net change in cash and cash equivalents38.2
(47.1)Cash and cash equivalents at beginning of period18.9
64.6Cash and cash equivalents at end of period$ 57.1
$ 17.5 BRINKER INTERNATIONAL, INC.
Restaurant Summary
Fiscal 2026 New Openings
Total Restaurants
Open at March
25, 2026
Total Restaurants
Open at March
26, 2025
Third Quarter
Openings
Fiscal Year
Openings
Full Year
Projected
OpeningsCompany-owned restaurants
Chili's domestic1,110
1,109
2
5
6Chili's international4
4
—
—
—Maggiano's domestic48
50
—
—
—Total Company-owned1,162
1,163
2
5
6Franchise restaurants
Chili's domestic100
99
3
3
3Chili's international367
361
7
17
24-27Maggiano's domestic3
3
—
—
—Total franchise470
463
10
20
27-30Total Company-owned and franchise
Chili's domestic1,210
1,208
5
8
9Chili's international371
365
7
17
24-27Maggiano's domestic51
53
—
—
—Total1,632
1,626
12
25
33-36 NON-GAAP INFORMATION AND RECONCILIATIONS Comparable Restaurant Sales
Comparable Restaurant
Sales(1)
Price Impact
Mix-Shift Impact(2)
Traffic Impact
Q3:26 vs 25
Q3:25 vs 24
Q3:26 vs 25
Q3:25 vs 24
Q3:26 vs 25
Q3:25 vs 24
Q3:26 vs 25
Q3:25 vs 24Company-owned3.3 %
28.2 %
4.7 %
4.6 %
0.6 %
5.9 %
(2.0) %
17.7 %Chili's4.0 %
31.6 %
4.6 %
4.4 %
0.6 %
6.3 %
(1.2) %
20.9 %Maggiano's(4.6) %
0.4 %
5.2 %
7.3 %
0.6 %
1.3 %
(10.4) %
(8.2) %Franchise(3)5.7 %
12.8 %
U.S5.6 %
24.1 %
International5.7 %
5.8 %
Chili's domestic(4)4.1 %
31.1 %
System-wide(5)3.6 %
25.9 %
(1) Comparable Restaurant Sales include all restaurants that have been in operation for more than 18 full
months. Restaurants temporarily closed 14 days or more are excluded from Comparable Restaurant Sales.
Percentage amounts are calculated based on the comparable periods year-over-year.
(2) Mix-Shift is calculated as the year-over-year percentage change in Company sales resulting from the change
in menu items ordered by guests.
(3) Franchise sales generated by franchisees are not included in Total revenues in the Consolidated Statements
of Comprehensive Income (Unaudited); however, we generate royalty revenues and advertising fees based
on franchisee revenues, where applicable. We believe presenting Franchise Comparable Restaurant Sales
provides investors relevant information regarding total brand performance.
(4) Chili's domestic Comparable Restaurant Sales percentages are derived from sales generated by Company-
owned and franchise-operated Chili's restaurants in the United States.
(5) System-wide Comparable Restaurant Sales are derived from sales generated by Chili's and Maggiano's
Company-owned and franchise-operated restaurants.Reconciliation of Net Income Excluding Special Items (in millions, except per share amounts)Brinker believes excluding special items from its financial results provides investors with a clearer perspective of the Company's ongoing operating performance and a more relevant comparison to prior period results.
Q3 26
EPS Q3 26
Q3 25
EPS Q3 25Net income, GAAP$ 127.9
$ 2.87
$ 119.1
$ 2.56Special items - Other (gains) and charges(1)2.1
0.05
9.0
0.19Income tax effect related to special items(2)(0.6)
(0.01)
(2.3)
(0.05)Special items, net of taxes1.5
0.04
6.7
0.14Adjustment for special tax items(3)(0.4)
(0.01)
(2.5)
(0.04)Net income, excluding special items, non-GAAP$ 129.0
$ 2.90
$ 123.3
$ 2.66
(1)See footnote (1) to the Consolidated Statements of Comprehensive Income (Unaudited) for additional details on the composition of Other (gains) and charges
(2)Income tax effect related to special items is based on the statutory tax rate in effect at the end of each period
(3)Adjustment for special tax items primarily represents excess tax benefits associated with stock-based compensationReconciliation of Restaurant Operating Margin (in millions, except percentages)
Chili's
Maggiano's
Brinker
Q3 26
Q3 25
Q3 26
Q3 25
Q3 26
Q3 25Operating income - GAAP$ 209.4
$ 197.7
$ 4.6
$ 10.7
$ 166.6
$ 156.9Operating income as a % of Total revenues15.4 %
15.2 %
4.3 %
8.8 %
11.3 %
11.0 %
Operating income - GAAP$ 209.4
$ 197.7
$ 4.6
$ 10.7
$ 166.6
$ 156.9Less: Franchise revenues(14.5)
(11.9)
(0.2)
(0.2)
(14.7)
(12.1)Plus: Depreciation and amortization47.6
48.9
4.6
3.5
55.0
54.7General and administrative13.2
12.7
1.3
2.5
58.4
58.3Other (gains) and charges1.8
2.7
—
0.8
2.1
9.0Restaurant operating margin, non-GAAP$ 257.5
$ 250.1
$ 10.3
$ 17.3
$ 267.4
$ 266.8Restaurant operating margin as a % of Company sales, non-GAAP19.1 %
19.4 %
9.6 %
14.3 %
18.4 %
18.9 %Restaurant operating margin is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to operating income as an indicator of financial performance. Restaurant operating margin is widely regarded in the restaurant industry as a useful metric by which to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations. This non-GAAP measure is not indicative of overall Company performance and profitability because this measure does not directly accrue benefit to the shareholders due to the nature of costs excluded.We define Restaurant operating margin as Company sales less Food and beverage costs, Restaurant labor and Restaurant expenses. We believe this metric provides a more useful comparison between periods and enables investors to focus on the performance of restaurant-level operations by excluding revenues not related to Company-owned restaurants, corporate General and administrative expenses, Depreciation and amortization, and Other (gains) and charges. Restaurant operating margin as presented may not be comparable to other similarly titled measures of other companies in our industry.Reconciliation of Adjusted EBITDA (in millions)Adjusted EBITDA is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to net income as an indicator of financial performance. Brinker believes presenting Adjusted EBITDA provides a useful measure of our operating performance, excluding the impacts of financing costs, capital expenditures and special items. We define Adjusted EBITDA as Net income before Provision for income taxes, Other income, net, Interest expenses, Depreciation and amortization and Other (gains) and charges.
Quarter
Year-to-Date
Q3 26
Q3 25
Q3 26
Q3 25Net income - GAAP$ 127.9
$ 119.1
$ 355.9
$ 276.1Provision for income taxes28.8
24.7
66.5
51.7Other income, net(0.2)
(0.1)
(0.8)
(0.7)Interest expenses10.1
13.2
31.3
42.2Depreciation and amortization55.0
54.7
163.2
148.7Other (gains) and charges2.1
9.0
3.5
30.0Adjusted EBITDA, non-GAAP$ 223.7
$ 220.6
$ 619.6
$ 548.0
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Original: BRINKER INTERNATIONAL REPORTS THIRD QUARTER OF FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 GUIDANCE
US Market News
3月前
Chili's® Grill & Bar and Spire Motorsports Bring Iconic Throwback to Alumni WeekendMarch 16, 2026 2:00 PM
PR Newswire (US)
Carson Hocevar will commemorate Dale Earnhardt's 1981 paint scheme at Darlington Raceway with the introduction of the Chili's Marg Machine DALLAS, March 16, 2026 /PRNewswire/ -- Chili's® Grill & Bar and Spire Motorsports are building on the Ride the 'Dente…Again'te campaign, turning back the clock for Alumni Weekend at Darlington Raceway by introducing the Chili's Marg Machine, a No. 77 Chevrolet Camaro ZL1 design for driver Carson Hocevar that will transport race fans back more than four decades.
"Last year, we noticed the chatter comparing Carson's driving style to a young Dale Earnhardt, and it's only grown louder as big names in the sport make the comparison," said Chili's Director of Media Tim Forman. "Given the discussion, we wanted to honor Dale's legacy, using his 1981 paint scheme as the inspiration for what we're calling the Marg Machine. Spire and Carson were all in, and we hope fans enjoy seeing the iconic blue and yellow on track again."Chili's and Spire leaned into the design's blue and yellow base, number font, and the iconic chevron linework across the hood that differentiated it from Earnhardt's others. On the hood is the classic Chili's heritage logo, seen in restaurants across the country for decades, but this time in blue. On the back, instead of the block-lettered "Jeans Machine", fans and trailing drivers will see "Marg Machine", a nod to the original design while staying true to Chili's, the brand that sells more margaritas than any restaurant brand in the U.S., nearly 30 million in 2025 alone.With the firesuit, Chili's is building on the western theme of its Ride the 'Dente® campaign, going full Earnhardt in a uniquely Chili's way, reimagining the blue jean and suede vest set he wore in promotional images in 1981. The new firesuit features a wide collar, open vest design, a now-iconic Texas-sized belt buckle detail, and the "Ride the 'Dente" logo across the back."Chili's always knocks it out of the park with their suit and car designs, and the Marg Machine is no different," said Hocevar. "Everyone at Chili's and Spire put in a lot of work to get the car as close to the original as possible, and they did a great job. We've had bold suits in the past, but this might be one of my favorites. It's truly a privilege to honor Dale's legacy on Alumni Weekend down in Darlington, and hopefully we can give him and all the folks from Chili's a great run on Sunday."A legacy brand of its own, the founders of Chili's built a culture 51 years ago where Chiliheads learn to take the food seriously but not themselves. Fans who look closely at the chevron linework on the hood will see the names of both those founders known as the Hamburger Hippies and the members of the Chili's Hall of Fame, a special shoutout to those responsible for shaping what's become a restaurant favorite around the world.Race fans in the Darlington area have a chance to see Hocevar and the No. 77 Chili's Marg Machine Chevy on track throughout the Darlington race weekend, culminating Sunday, March 22 at 3 p.m. ET on FS1 for 400 miles. Fans at the track can wear their fandom with a fresh merch drop featuring the throwback design, available at Fan Zone merch locations. Before that, they can get up close to both car and driver with a meet and greet at the Florence Chili's (3015 W Radio Dr, Florence, SC 29501), Saturday, March 21, from 11 a.m. – 12 p.m. local time. For Chili's guests who aren't in Darlington, the opportunity to Ride the 'Dente always exists on the menu at their local Chili's in the form of a Presidente Margarita®. Must be 21+ to consume alcohol.About Chili's® Grill & Bar
Hi, welcome to Chili's! A proud leader in the casual dining industry and the flagship brand of Dallas-based Brinker International, Inc. (NYSE: EAT), Chili's was named Ad Age's 2025 Brand of the Year. Founded in 1975, Chili's is known for serving Big Mouth Burgers®, Crispy Chicken Crispers®, and sizzling fajitas, while hand-shaking more margaritas than any other restaurant brand in the United States. Chili's operates 1,600 restaurants in 31 countries and two territories with over 70,000 team members. With a purpose to make everyone feel special, Chiliheads take food, drink and service seriously – but not themselves. Chili's was a proud winner at the 2025 MenuMasters Awards for Best New Menu Item for Nashville Hot Mozz, the breakout addition to the social media-famous Triple Dipper. For more than 20 years, Chili's has been a proud supporter of St. Jude Children's Research Hospital and has raised more than $120 million for the organization through generous guest and team member donations. Find more information at chilis.com, follow on X or Instagram, like on Facebook, or join Chili's on TikTok.? About Spire Motorsports
Spire Motorsports fields full-time entries in the NASCAR Cup Series, NASCAR CRAFTSMAN Truck Series and Interstate Batteries High Limit Racing. The team, co-owned by longtime NASCAR industry executive Jeff Dickerson and TWG Motorsports CEO Dan Towriss, earned its inaugural NASCAR Cup Series victory in its first full season of competition when Justin Haley took the checkered flag in the Coke Zero Sugar 400 at Daytona (Fla.) International Speedway on July 7, 2019. Less than three years later, William Byron drove Spire Motorsports' No. 7 Chevrolet Silverado to its inaugural NASCAR CRAFTSMAN Truck Series win on April 7, 2022, at Martinsville (Va.) Speedway. The team's most recent win came on Feb. 21, 2026, when Kyle Busch took the checkered flag in the FR8 Racing 208 at Atlanta Motor Speedway. In 2026, Spire Motorsports will campaign the Nos. 7, 71 and 77 Chevrolet Camaro ZL1s in the NASCAR Cup Series and the Nos. 7 and 77 Chevrolet Silverado RSTs in the NASCAR CRAFTSMAN Truck Series. The Mooresville, N.C., organization will also field the No. 77 410 sprint car in Interstate Batteries High Limit Racing competition.
View original content to download multimedia:https://www.prnewswire.com/news-releases/chilis-grill--bar-and-spire-motorsports-bring-iconic-throwback-to-alumni-weekend-302714940.htmlSOURCE Chili's Grill & Bar
Original: Chili's® Grill & Bar and Spire Motorsports Bring Iconic Throwback to Alumni Weekend
US Market News
4月前
Chili's® Turns Its Margarita of The Month Fandom into an Official ClubFebruary 11, 2026 10:00 AM
PR Newswire (US)
The Margarita of the Month Club launches with a limited-edition merch collection and special National Margarita Day promotions on Feb. 22DALLAS, Feb. 11, 2026 /PRNewswire/ -- Just in time for National Margarita Day on Feb. 22, Chili's® Grill & Bar is turning its wildly popular Margarita of the Month program into an official club inspired by super fans. The Margarita of the Month Club builds on Chili's margarita expertise, fueled by a fandom that helped the brand sell nearly 30 million margaritas in 2025, more than any other restaurant brand in the U.S.
"The Margarita of the Month Club was born when we saw a group of diehards who come in every month to try each new marg," said George Felix, Chili's Chief Marketing Officer. "We decided to give them an official way to show off their fandom complete with merch and a way to keep track of each of the margs they've tried. This isn't an exclusive club – all are welcome!" The Chili's Margarita of the Month program offers a different culturally or seasonally inspired margarita each month for just $6. With the Margarita of the Month Club, guests 21 or older can join for free, track their monthly margaritas, and buy merch that allows them to wear their obsession all year long.To celebrate the launch, Chili's is dropping a line of collectible merch – available to everyone – that comes to life in a group of uniquely Chili's short films, putting the brand's famous red booths in high fashion settings to show off the line's yacht-club aesthetic. The collection includes:Cabana Shirt – Green or Pink ($45): A nautical-inspired thick, short-sleeve button-up with color blocking and Margarita of the Month Club graphics, perfect for keeping you cool while sipping margs at Chili's.Crewneck ($60): A cozy crewneck for cool nights, late dinners, and nights when there's nowhere to be tomorrow, featuring margarita embroidery on the front and club graphics on the back.Polo Shirt – Pink & Green or Yellow & Blue ($45): A throwback collared polo with sporty striping and a relaxed fit, blending beach club style with Chili's margarita pride from daytime hangs to happy hour.Snapback Athletic Hat – Green or Pink ($30): This classic snapback features playful printing and 100% nylon fabric offering a lightweight, durable and wrinkle-resistant hat.Salt Brim Snapback Hat ($30): This chino twill rope snapback cap is tastefully finished with Margarita of the Month Club graphics that aren't just a status symbol, but a way of life.Crescent Bag ($25): A lightweight, hands-free essential for life at the Chili's Margarita of the Month Club. With just enough room for a swizzle stick souvenir or a few chips for later, this nylon, crescent-shaped bag is 12" long x 5.5" high with a 3.5" depth.Plastic Keychain ($5): This motel-style keychain featuring Margarita of the Month Club messaging always points you in the right direction.Club Field Book (Free with every order): A collectible passport-style booklet to track each Margarita of the Month, perfect for devoted members who like their journey and loyalty documented.The festivities continue in-restaurant for all guests (21+) with must-have margarita specials (at participating locations) for National Margarita Day on February 22:$5 Tequila Classic: A new classic marg, this crowd pleaser is made with Cuervo® Tradicional Blanco, triple sec, Chili's house-made sour, and garnished with a lime wedge.$6 StrawEddy Margarita of the Month: This returning favorite is made of Lunazul Blanco® Tequila, Deep Eddy® Lemon Vodka, strawberry puree and house-made sour and is available all February at participating locations.$7 PATRÓN® Frozen Marg: This refreshing premium frozen margarita combines PATRÓN Silver Tequila, triple sec, lime juice and agave.Margarita enthusiasts can join the Margarita of the Month Club and shop the merch collection at chilis.com/motmclub starting Feb. 11 at 10 a.m. ET (no alcohol purchase necessary to join). To find a Chili's near you or to join the My Chili's program, please visit chilis.com. Must be 21+ to enjoy alcoholic beverages.About Chili's® Grill & Bar
Hi, welcome to Chili's! A proud leader in the casual dining industry and the flagship brand of Dallas-based Brinker International, Inc. (NYSE: EAT), Chili's was named Ad Age's 2025 Brand of the Year. Founded in 1975, Chili's is known for serving Big Mouth Burgers®, Crispy Chicken Crispers®, and sizzling fajitas, while hand-shaking more margaritas than any other restaurant brand in the United States. Chili's operates 1,600 restaurants in 29 countries and two territories with over 70,000 team members. With a purpose to make everyone feel special, Chiliheads take food, drink and service seriously – but not themselves. Chili's was a proud winner at the 2025 MenuMasters Awards for Best New Menu Item for Nashville Hot Mozz, the breakout addition to the social media-famous Triple Dipper. For more than 20 years, Chili's has been a proud supporter of St. Jude Children's Research Hospital and has raised more than $120 million for the organization through generous guest and team member donations. Find more information at chilis.com, follow on X or Instagram, like on Facebook, or join Chili's on TikTok.
View original content to download multimedia:https://www.prnewswire.com/news-releases/chilis-turns-its-margarita-of-the-month-fandom-into-an-official-club-302685028.htmlSOURCE Chili's Grill & Bar
Original: Chili's® Turns Its Margarita of The Month Fandom into an Official Club
US Market News
4月前
BRINKER INTERNATIONAL REPORTS SECOND QUARTER OF FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 GUIDANCEJanuary 28, 2026 11:45 AM
PR Newswire (US)
DALLAS, Jan. 28, 2026 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) today announced its financial results for the second quarter ended December 24, 2025.
Second Quarter Fiscal 2026 Financial Highlights"Chili's delivered another strong quarter with industry-leading growth of +9%, rolling the industry-leading growth from last year for a 2-year comp sales growth of +43%," said Kevin Hochman, President & CEO of Brinker International. "With 19 consecutive quarters of same-store sales growth, Chili's turnaround, led by guest experience improvements, is sustaining over the long-term."Company comparable restaurant sales increased 7.5% in the second quarter of fiscal 2026, including 8.6% for Chili's. Chili's strong performance in the quarter was the result of growth in its customer base, ongoing innovation in the business, and disciplined execution. Menu enhancements and competitive pricing, coupled with ongoing advertising initiatives, continued to strengthen the Company's value proposition and attract new guests, while improved restaurant operations remained a driver of repeat visits. Leveraging higher sales, the Company improved margins at Chili's, supported ongoing investments in the business and repurchased $100.0 million of the Company's common stock during the quarter. At Maggiano's, the focus is executing to improve performance and operations through the Company's Back to Maggiano's strategy. The strategy includes in-flight initiatives across food, service, and atmosphere with the aim of revitalizing the brand's core, serving Italian American favorites with warm and attentive service.Financial results for the second quarter of fiscal 2026 and fiscal 2025 were as follows:
Second Quarter
2026
2025
VarianceCompany sales$ 1,438.8
$ 1,346.1
$ 92.7Total revenues$ 1,452.2
$ 1,358.2
$ 94.0
Operating income$ 168.4
$ 156.0
$ 12.4Operating income as a % of Total revenues11.6 %
11.5 %
0.1 %Restaurant operating margin, non-GAAP(1)$ 269.8
$ 256.8
$ 13.0Restaurant operating margin as a % of Company sales, non-GAAP(1)18.8 %
19.1 %
(0.3) %Net income$ 128.5
$ 118.5
$ 10.0Adjusted EBITDA, non-GAAP(1)$ 223.5
$ 215.8
$ 7.7
Net income per diluted share$ 2.86
$ 2.61
$ 0.25Net income per diluted share, excluding special items, non-GAAP(1)$ 2.87
$ 2.80
$ 0.07Comparable Restaurant Sales(2)
Q2:26 vs 25Brinker7.5 %Chili's8.6 %Maggiano's(2.4) %
(1) See Non-GAAP Information and Reconciliations section below for more details.
(2) Comparable Restaurant Sales include restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed for 14 days or more are excluded from comparable restaurant sales. Percentage amounts are calculated based on the comparable periods year-over-year.Full Year Fiscal 2026 Guidance, including impact of Winter Storm FernWe are raising our guidance to reflect a stronger sales and profit outlook for Chili's through the end of the fiscal year. This upward revision includes the negative impact from closures and reduced operating hours caused by Winter Storm Fern – which includes approximately $20.0 million in reduced revenues and a decrease of $0.15 in Net income per diluted share, excluding special items, non-GAAP, as of January 27, 2026. The risks outlined in the Forward-Looking Statements paragraph of this press release, among other risks, could cause actual results to differ materially from forecasted results.The following table provides select financial guidance for fiscal 2026:
Updated Fiscal 2026 Guidance
Previous Fiscal 2026 GuidanceTotal revenues$5.76 billion - $5.83 billion
$5.60 billion - $5.70 billionNet income per diluted share, excluding special items,
non-GAAP$10.45 - $10.85
$9.90 - $10.50Capital expenditures$250.0 million - $260.0 million
$270.0 million - $290.0 millionWeighted average shares44.7 million - 45.2 million
45.0 million - 46.0 millionWe are unable to reliably forecast special items without unreasonable effort. As such, we do not present a reconciliation of forecasted non-GAAP measures to the corresponding GAAP measures.Second Quarter of Fiscal 2026 Operating PerformanceSegment PerformanceThe table below presents selected financial information (in millions, except as noted) related to our segments' operational performance for the thirteen week periods ended December 24, 2025 and December 25, 2024:
Chili's
Maggiano's
Second Quarter
Variance
Second Quarter
Variance
2026
2025
2026
2025
Company sales$ 1,304.1
$ 1,196.9
$ 107.2
$ 134.7
$ 149.2
$ (14.5)Franchise revenues13.2
11.9
1.3
0.2
0.2
—Total revenues$ 1,317.3
$ 1,208.8
$ 108.5
$ 134.9
$ 149.4
$ (14.5)
Company restaurant expenses(1)$ 1,055.6
$ 973.5
$ 82.1
$ 113.2
$ 115.4
$ (2.2)Company restaurant expenses as a % of
Company sales80.9 %
81.3 %
(0.4) %
84.0 %
77.3 %
6.7 %
Operating income - GAAP$ 200.0
$ 175.1
$ 24.9
$ 15.0
$ 28.2
$ (13.2)Operating income (loss) as a % of Total
revenues15.2 %
14.5 %
0.7 %
11.1 %
18.9 %
(7.8) %
Restaurant operating margin, non-GAAP(2)$ 248.5
$ 223.4
$ 25.1
$ 21.5
$ 33.8
$ (12.3)Restaurant operating margin as a % of
Company sales, non-GAAP(2)19.1 %
18.7 %
0.4 %
16.0 %
22.7 %
(6.7) %
(1) Company restaurant expenses includes Food and beverage costs, Restaurant labor and Restaurant expenses, and excludes Depreciation and amortization, General and administrative and Other (gains) and charges.
(2) See Non-GAAP Information and Reconciliations section below for more details.Chili'sChili's Company sales increased primarily due to favorable comparable restaurant sales driven by menu pricing, higher traffic, and favorable sales mix.Chili's Company restaurant expenses, as a percentage of Company sales, decreased primarily due to sales leverage, partially offset by unfavorable menu item mix, higher hourly labor and manager salaries, advertising, repairs and maintenance, and other restaurant expense.Chili's franchisees generated sales of approximately $271.9 million for the second quarter of fiscal 2026 compared to $232.3 million for the second quarter of fiscal 2025.Maggiano'sMaggiano's Company sales decreased primarily due to unfavorable comparable restaurant sales driven by lower traffic, partially offset by menu pricing.Maggiano's Company restaurant expenses, as a percentage of Company sales, increased primarily due to unfavorable menu item mix and commodity costs, sales deleverage, higher delivery fees and to-go supplies, worker's compensation and general liability insurance, and other restaurant expenses, partially offset by lower manager bonus.CorporateOn a GAAP basis, the effective income tax rate was 18.7% in the second quarter of fiscal 2026. The effective income tax rate is lower than the statutory rate of 21.0% primarily due to leverage of the FICA tip credit. Excluding the impact of special items, the effective income tax rate was an expense of 18.8% in the second quarter of fiscal 2026.Webcast InformationInvestors and interested parties are invited to listen to today's conference call, as management will provide further details of the quarter and business updates. A real-time audio webcast of the presentation can be accessed via the Events and Presentations section of the Brinker Investor Relations page. The call will be broadcast live today, January 28, 2026 at 9 a.m. CT:https://investors.brinker.com/events-and-presentations/For those who are unable to listen to the live broadcast, a replay of the call will be available shortly thereafter.Additional financial information, including statements of income which detail operations excluding special items, and comparable restaurant sales trends by brand, is also available on Brinker's website under the Financial Information section of the Investor tab.Forward CalendarSEC Form 10-Q for the second quarter of fiscal 2026 filing on or before February 2, 2026Earnings release call for the third quarter of fiscal 2026 on April 29, 2026Non-GAAP MeasuresBrinker management uses certain non-GAAP measures in analyzing operating performance and believes that the presentation of these measures in this release provides investors with information that is beneficial to gaining an understanding of the Company's financial results. Non-GAAP disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of these non-GAAP measures are included in the tables below.About BrinkerBrinker International, Inc. is one of the world's leading casual dining restaurant companies and home of Chili's® Grill & Bar, and Maggiano's Little Italy.® Founded in 1975 in Dallas, Texas, we've ventured far from home, but stayed true to our roots. Brinker owns, operates or franchises more than 1,600 restaurants in the United States, 27 other countries and two U.S. territories. Our passion is making everyone feel special, and we hope you feel that passion each time you visit one of our restaurants or invite us into your home through takeout or delivery. Learn more about Brinker and its brands at brinker.com.Forward-Looking StatementsThe statements and tables contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only based on our current plans and expectations as of the date such statements are made, and we undertake no obligation to update forward-looking statements to reflect events or circumstances arising after the date such statements are made. Forward-looking statements are neither predictions nor guarantees of future events or performance and are subject to risks and uncertainties which could cause actual results to differ materially from our historical results or from those projected in forward-looking statements. Such risks and uncertainties include, among other things, the impact of general economic conditions, including inflation, on economic activity and on our operations; disruptions on our business including consumer demand, costs, product mix, our strategic initiatives, operations, technology and assets, and our financial performance; the impact of current and potential tariffs and trade barriers; the impact of competition, including competitors employing our same strategies or discounting their offerings; changes in consumer preferences, including shifts in their brand preferences; consumer perception of food safety; reduced consumer discretionary spending; governmental regulations; the effectiveness of the Company's business strategy plan; loss of key management personnel; failure to hire and retain high-quality restaurant management and team members; increasing regulation surrounding wage inflation and competitive labor markets; the impact of social media, including the potential governmental ban of platforms used by the Company in its marketing initiatives; reputational damage or unfavorable publicity for our brands, which may result from actions of franchisees not within our control; reliance on technology and third party delivery providers; failure to protect the security of data of our guests and team members; product availability and supply chain disruptions; regional business and economic conditions; volatility in consumer, commodity, transportation, labor, currency and capital markets; litigation; franchisee success; technology failures; failure to protect our intellectual property; outsourcing; impairment of goodwill or assets; failure to maintain effective internal control over financial reporting; downgrades in credit ratings; changes in estimates regarding our assets; actions of activist shareholders; our pursuit of or failure to comply with new environmental and sustainability requirements; our pursuit of or failure to achieve any goals, targets or objectives with respect to sustainability matters; adverse weather conditions; terrorist acts; cybersecurity, artificial intelligence and phishing threats; health epidemics or pandemics; tax reform; inadequate insurance coverage; and limitations imposed by our credit agreements as well as the risks and uncertainties described in "Risk Factors" in our Annual Report on Form 10-K and future filings with the Securities and Exchange Commission.BRINKER INTERNATIONAL, INC.Consolidated Statements of Comprehensive Income (Unaudited)(In millions, except per share amounts)
Thirteen Week Periods Ended
Twenty-Six Week Periods Ended
December 24,
2025
December 25,
2024
December 24,
2025
December 25,
2024Revenues
Company sales$ 1,438.8
$ 1,346.1
$ 2,774.2
$ 2,473.4Franchise revenues13.4
12.1
27.2
23.8Total revenues1,452.2
1,358.2
2,801.4
2,497.2Operating costs and expenses
Food and beverage costs370.5
343.9
715.1
628.2Restaurant labor446.4
421.0
877.4
798.4Restaurant expenses352.1
324.4
696.1
638.3Depreciation and amortization54.6
47.7
108.2
94.0General and administrative59.7
53.1
116.9
104.9Other (gains) and charges(1)0.5
12.1
1.4
21.0Total operating costs and expenses1,283.8
1,202.2
2,515.1
2,284.8Operating income168.4
156.0
286.3
212.4Interest expenses10.7
14.7
21.2
29.0Other income, net(0.4)
(0.4)
(0.6)
(0.6)Income before income taxes158.1
141.7
265.7
184.0Provision for income taxes29.6
23.2
37.7
27.0Net 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 outstanding44.0
44.4
44.4
44.7
Diluted weighted average shares outstanding44.9
45.5
45.4
45.7
Other comprehensive income (loss)
Foreign currency translation adjustment$ 0.1
$ (0.5)
$ —
$ (0.4)Comprehensive income$ 128.6
$ 118.0
$ 228.0
$ 156.6
(1) Other (gains) and charges included in the Consolidated Statements of Comprehensive Income (Unaudited):
Thirteen Week Periods Ended
Twenty-Six Week Periods Ended
December 24,
2025
December 25,
2024
December 24,
2025
December 25,
2024Restaurant closure asset write-offs and charges$ 1.5
$ 0.8
$ 2.1
$ 1.5Litigation & claims, net0.8
6.1
1.5
8.6Severance and other benefit charges0.2
—
1.7
0.3Loss from natural disasters, net (of insurance
recoveries)—
0.7
(2.3)
0.7Enterprise system implementation costs—
5.2
—
9.6Lease modification gain, net(2.5)
(0.7)
(2.5)
(1.0)Other0.5
—
0.9
1.3Total other (gains) and charges$ 0.5
$ 12.1
$ 1.4
$ 21.0 BRINKER INTERNATIONAL, INC.Condensed Consolidated Balance Sheets (Unaudited)(In millions)
December 24,
2025
June 25,
2025ASSETS
Total current assets$ 240.9
$ 207.0Net property and equipment971.7
952.7Operating lease assets1,183.4
1,149.1Deferred income taxes, net88.6
101.4Other assets264.6
268.4Total assets$ 2,749.2
$ 2,678.6LIABILITIES AND SHAREHOLDERS' EQUITY
Total current liabilities$ 669.7
$ 675.6Long-term debt and finance leases, less current installments451.3
426.0Long-term operating lease liabilities, less current portion1,172.8
1,135.3Other liabilities76.1
70.8Total shareholders' equity379.3
370.9Total liabilities and shareholders' equity$ 2,749.2
$ 2,678.6 BRINKER INTERNATIONAL, INC.Condensed Consolidated Statements of Cash Flows (Unaudited)(In millions)
Twenty-Six Week Periods Ended
December 24,
2025
December 25,
2024Cash flows from operating activities
Net income$ 228.0
$ 157.0Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization108.2
94.0Stock-based compensation16.0
14.3Deferred income taxes, net12.8
8.3Non-cash other (gains) and charges2.2
7.9Net loss on disposal of assets4.2
6.1Other0.9
1.3Changes in assets and liabilities(32.6)
(7.9) Net cash provided by operating activities339.7
281.0Cash flows from investing activities
Payments for property and equipment(122.3)
(105.8)Proceeds from sale of assets0.2
—Insurance recoveries0.5
—Net cash used in investing activities(121.6)
(105.8)Cash flows from financing activities
Borrowings on revolving credit facility475.0
515.0Payments 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 stock0.2
7.4Payments for debt issuance costs—
(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 period18.9
64.6Cash and cash equivalents at end of period$ 15.0
$ 14.8 BRINKER INTERNATIONAL, INC.Restaurant Summary
Fiscal 2026 New Openings
Total Restaurants
Open at
December 24,
2025
Total Restaurants
Open at
December 25,
2024
Second Quarter
Openings
Fiscal Year
Openings
Full Year
Projected
OpeningsCompany-owned restaurants
Chili's domestic1,108
1,110
1
3
6Chili's international4
4
—
—
—Maggiano's domestic48
50
—
—
—Total Company-owned1,160
1,164
1
3
6Franchise restaurants
Chili's domestic98
99
—
—
2-4Chili's international366
358
5
10
24-28Maggiano's domestic3
3
—
—
—Total franchise467
460
5
10
26-32Total Company-owned and franchise
Chili's domestic1,206
1,209
1
3
8-10Chili's international370
362
5
10
24-28Maggiano's domestic51
53
—
—
—Total1,627
1,624
6
13
32-38 NON-GAAP INFORMATION AND RECONCILIATIONS
Comparable Restaurant Sales
Comparable Restaurant
Sales(1)
Price Impact
Mix-Shift Impact(2)
Traffic Impact
Q2:26 vs 25
Q2:25 vs 24
Q2:26 vs 25
Q2:25 vs 24
Q2:26 vs 25
Q2:25 vs 24
Q2:26 vs 25
Q2:25 vs 24Company-owned7.5 %
27.4 %
4.6 %
5.0 %
1.5 %
5.9 %
1.4 %
16.5 %Chili's8.6 %
31.4 %
4.4 %
4.9 %
1.5 %
6.6 %
2.7 %
19.9 %Maggiano's(2.4) %
1.8 %
6.0 %
6.4 %
0.4 %
0.3 %
(8.8) %
(4.9) %Franchise(3)7.3 %
6.8 %
U.S.9.2 %
21.1 %
International6.2 %
(1.0) %
Chili's domestic(4)8.7 %
30.8 %
System-wide(5)7.5 %
24.2 %
(1) Comparable Restaurant Sales include all restaurants that have been in operation for more than 18 full months. Restaurants temporarily closed 14 days or more are excluded from Comparable Restaurant Sales. Percentage amounts are calculated based on the comparable periods year-over-year.
(2) Mix-Shift is calculated as the year-over-year percentage change in Company sales resulting from the change in menu items ordered by guests.
(3) Franchise sales generated by franchisees are not included in Total revenues in the Consolidated Statements of Comprehensive Income (Unaudited); however, we generate royalty revenues and advertising fees based on franchisee revenues, where applicable. We believe presenting Franchise Comparable Restaurant Sales provides investors relevant information regarding total brand performance.
(4) Chili's domestic Comparable Restaurant Sales percentages are derived from sales generated by Company-owned and franchise-operated Chili's restaurants in the United States.
(5) System-wide Comparable Restaurant Sales are derived from sales generated by Chili's and Maggiano's Company-owned and franchise-operated restaurants.Reconciliation of Net Income Excluding Special Items (in millions, except per share amounts)Brinker believes excluding special items from its financial results provides investors with a clearer perspective of the Company's ongoing operating performance and a more relevant comparison to prior period results.
Q2 26
EPS Q2 26
Q2 25
EPS Q2 25Net income, GAAP$ 128.5
$ 2.86
$ 118.5
$ 2.61Special items - Other (gains) and charges(1)0.5
0.01
12.1
0.27Income tax effect related to special items(2)(0.1)
—
(3.0)
(0.07)Special items, net of taxes0.4
0.01
9.1
0.20Adjustment for special tax items(3)(0.2)
—
(0.3)
(0.01)Net income, excluding special items, non-GAAP$ 128.7
$ 2.87
$ 127.3
$ 2.80
(1) See footnote (1) to the Consolidated Statements of Comprehensive Income (Unaudited) for additional details on the composition of Other (gains) and charges.
(2) Income tax effect related to special items is based on the statutory tax rate in effect at the end of each period.
(3) Adjustment for special tax items primarily represents excess tax benefits associated with stock-based compensation. Reconciliation of Restaurant Operating Margin (in millions, except percentages)
Chili's
Maggiano's
Brinker
Q2 26
Q2 25
Q2 26
Q2 25
Q2 26
Q2 25Operating income - GAAP$ 200.0
$ 175.1
$ 15.0
$ 28.2
$ 168.4
$ 156.0Operating income as a % of Total revenues15.2 %
14.5 %
11.1 %
18.9 %
11.6 %
11.5 %
Operating income - GAAP$ 200.0
$ 175.1
$ 15.0
$ 28.2
$ 168.4
$ 156.0Less: Franchise revenues(13.2)
(11.9)
(0.2)
(0.2)
(13.4)
(12.1)Plus: Depreciation and amortization47.5
41.8
4.3
3.4
54.6
47.7 General and administrative14.6
12.2
2.1
2.4
59.7
53.1 Other (gains) and charges(0.4)
6.2
0.3
—
0.5
12.1Restaurant operating margin, non-GAAP$ 248.5
$ 223.4
$ 21.5
$ 33.8
$ 269.8
$ 256.8Restaurant operating margin as a % of Company sales,
non-GAAP19.1 %
18.7 %
16.0 %
22.7 %
18.8 %
19.1 %Restaurant operating margin is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to operating income as an indicator of financial performance. Restaurant operating margin is widely regarded in the restaurant industry as a useful metric by which to evaluate restaurant-level operating efficiency and performance of ongoing restaurant-level operations. This non-GAAP measure is not indicative of overall Company performance and profitability because this measure does not directly accrue benefit to the shareholders due to the nature of costs excluded.We define Restaurant operating margin as Company sales less Food and beverage costs, Restaurant labor and Restaurant expenses. We believe this metric provides a more useful comparison between periods and enables investors to focus on the performance of restaurant-level operations by excluding revenues not related to Company-owned restaurants, corporate General and administrative expenses, Depreciation and amortization, and Other (gains) and charges. Restaurant operating margin as presented may not be comparable to other similarly titled measures of other companies in our industry.Reconciliation of Adjusted EBITDA (in millions)Adjusted EBITDA is not a measurement determined in accordance with GAAP and should not be considered in isolation, or as an alternative to net income as an indicator of financial performance. Brinker believes presenting Adjusted EBITDA provides a useful measure of our operating performance, excluding the impacts of financing costs, capital expenditures and special items. We define Adjusted EBITDA as Net income before Provision for income taxes, Other income, net, Interest expenses, Depreciation and amortization and Other (gains) and charges.
Quarter
Year-to-Date
Q2 26
Q2 25
Q2 26
Q2 25Net income - GAAP$ 128.5
$ 118.5
$ 228.0
$ 157.0Provision for income taxes29.6
23.2
37.7
27.0Other income, net(0.4)
(0.4)
(0.6)
(0.6)Interest expenses10.7
14.7
21.2
29.0Depreciation and amortization54.6
47.7
108.2
94.0Other (gains) and charges0.5
12.1
1.4
21.0Adjusted EBITDA, non-GAAP$ 223.5
$ 215.8
$ 395.9
$ 327.4
View original content to download multimedia:https://www.prnewswire.com/news-releases/brinker-international-reports-second-quarter-of-fiscal-2026-results-and-updates-fiscal-2026-guidance-302671932.htmlSOURCE Brinker International Payroll Company, L.P.
Original: BRINKER INTERNATIONAL REPORTS SECOND QUARTER OF FISCAL 2026 RESULTS AND UPDATES FISCAL 2026 GUIDANCE
bigmoneyyyyyyyyy
9年前
Chocolates in Time for Winter Holidays! Nutritional High's FLI Chocolate Products Launched in Colorado
C.EAT | 2 hours ago
TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce that Palo Verde has manufactured and sold its first run of FLI marijuana-infused chocolates. FLI chocolates are now on sale at Natures Herbs and Wellness dispensary locations throughout Colorado and will be on the shelves of additional dispensaries in short order.
Palo Verde, Nutritional High’s Colorado tenant, produced two flavors of chocolate bars developed by Nutritional High - Premium Milk Chocolate and Dark Chocolate Sea Salt. Each bar is 3.5oz and contains ten servings each containing 10mg of THC, totaling 100mg of THC per bar. Over the next ten days, Palo Verde will follow-up with production runs of Nutritional High’s FLI branded Milk Chocolate Caramel bars and FLI branded Dark Chocolate Blueberry bars.
Jim Frazier, CEO of Nutritional High commented: "Our successful research and development efforts have yielded a marijuana-infused chocolate bar which will serve as our flagship edible product in Colorado and elsewhere. When I joined Nutritional High last year, it was with the intention of combining my 20 plus years in chocolate manufacturing with Nutritional High’s leading cannabis extraction capabilities and I am proud of our development team and the Palo Verde staff for developing edible products which will set a new standard for quality and dosing at cost effective pricing."
Over the coming months, Palo Verde will introduce several additional Nutritional High developed FLI edible product lines including chocolate truffles, gummies, chocolate covered fruits, blueberries, cranberries and nuts, which will come in milk and dark chocolate varieties and several innovative edible product concepts not presently available in the Colorado market. Subsequently, Nutritional High expects to launch FLI edible products in California, Washington State, Oregon and elsewhere.
Palo Verde staff is currently in the process of calibrating a chocolate enrober to fit the product to desired specifications. An enrober is a machine used in the confectionery industry to coat a food item with chocolate, which Nutritional High has leased to Palo Verde. This technology has revolutionized the confectionary industry and gave rise to mass manufacturing of confectionary products that use cocoa as the base. The capacity of the enrober at Nutritional High's Pueblo facility is estimated at 400 - 700 pounds of chocolate per hour, which provides a strong capacity to address the growing demand for gourmet edible products in the State of Colorado.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing premium and consistently dosed products in the cannabis-infused products industry, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visit www.nutritionalhigh.com.
For further information, please contact:
David Posner, Chairman of the Board
Nutritional High International Inc.
647-985-6727
Email: dposner@nutritionalhigh.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Read more at http://www.stockhouse.com/news/press-releases/2017/11/20/chocolates-in-time-for-winter-holidays-nutritional-high-s-fli-chocolate#7EaT8PxUuP0Eream.99
bigmoneyyyyyyyyy
9年前
Canadian-listed marijuana companies with U.S. operations warned of delisting
Geoff Zochodne
October 16, 2017 7:08 PM EDT
Filed under:
Investing
An alliance of Canadian securities regulators said Monday that it expects domestic companies with marijuana dealings in the United States to give their investors a good idea of the potential risks of doing drug business south of the border, which could now include the possibility of being delisted from the Toronto Stock Exchange.
“We expect issuers with marijuana-related activities in the U.S. to address the current legal and regulatory environment in their disclosures, including any risks that result from changes in the approach to enforcement of U.S. federal law,” Louis Morisset, chair of the the Canadian Securities Administrators, said in a press release.
Cannabis sales are legal in some states, but illegal at the federal level in the U.S. Furthermore, the Toronto Stock Exchange, Canada’s biggest, warned Monday that issuers conducting business in violation of U.S. federal laws around cannabis are not in compliance with the exchange’s own requirements.
Those not complying with the requirements could face a delisting review, the TSX said.
The TMX Group Ltd., owner of the Toronto Stock Exchange and the Canadian Depository for Securities, a clearing house that processes trades, said in August it had been in talks with the CSA about the thorny subject of Canadian issuers with marijuana-related operations in the U.S., calling it “a complex matter which touches multiple aspects across our capital market system.”
The notice for Canadian issuers with marijuana interests in the U.S. outlines the expectations for disclosure, including a description of any U.S.-based operations.
“They’ll also be required to provide disclosure in terms of what happens if the legal framework changes,” Richard Carleton, chief executive of the smaller Canadian Securities Exchange, said Monday. “So, if the U.S. federal government decides to make life difficult for companies operating legally at the state level, what would the impact on the company’s business be.”
The CSA said its disclosure expectations apply to all issuers with U.S. marijuana-related activities, “including those with direct and indirect involvement in the cultivation and distribution of marijuana, as well as issuers that provide goods and services to third parties involved in the U.S. marijuana industry.”
Even if a listed company has only indirect involvement with production or distribution, they must still explain what the rules are around cannabis in the state or states they aim to operate in.
Unlike Canada, the U.S. federal government currently has no plan to legalize recreational cannabis. Nevertheless, several states have still legalized or intend to legalize medical and recreational marijuana.
“The federal law relating to marijuana could be enforced at any time, and this would put issuers with U.S. marijuana-related activities at risk of being prosecuted and having their assets seized,” the CSA press release said.
“Disclosure is the foundation for fair and efficient markets for public companies,” Huston Loke, director of corporate finance at the Ontario Securities Commission, said in an interview. “And this is a sector that’s seen a lot of growth, it’s seen a lot of interest, there’s articles on it all the time, and we thought it was the right time to clarify our disclosure expectations.”
Meanwhile, Carleton said his exchange has 12 marijuana companies that have operations in the U.S. The largest of those, Carleton said, is Vaughan-Ont.-based CannTrust Holdings Inc., with an approximately $450-million market capitalization, he said.
Nevada-based marijuana grower plants seed for others with Canadian stock listingTMX asks Canadian regulators for rules on U.S.-linked pot stocks
“There’s been a fair amount of uncertainty, I think it’s fair to say, in the industry over the last two, three months,” said Carleton “I think the industry was looking for a clear statement of specifically what are the expectations from the regulators, and this is it.”
The CSA’s expectations are effective immediately, Loke said. Disclosures would be made in prospectus and other filings, including management’s discussion and analysis.
http://business.financialpost.com/investing/canadian-listed-marijuana-companies-with-u-s-operations-warned-of-delisting
bigmoneyyyyyyyyy
9年前
eleases
Nutritional High: An Emerging Leader in Concentrates & Extracts -- CFN Media
C.EAT | 2 days ago
Nutritional High: An Emerging Leader in Concentrates & Extracts -- CFN Media
SEATTLE, WA--(Marketwired - May 9, 2017) - CFN Media Group ("CFN Media", "CannabisFN"), the leading agency and digital media network dedicated to the North American cannabis industry, announces the publication of an article covering Nutritional High International Inc.'s (CNSX: EAT) (OTCQB: SPLIF) plans to build a robust production and distribution platform for nationally-branded marijuana-infused products.
Innovative Business Model
The U.S. cannabis industry is highly fragmented with several different value chain segments that have emerged over the years. Cannabis cultivators are focused on growing and harvesting cannabis plants; extraction facilities are focused on converting raw cannabis into oil extracts and cannabis-infused products; testing labs ensure product quality and purity; and, dispensaries sell these products to consumers at storefronts in approved medical or recreational states.
Nutritional High is focused on building a presence across the value chain while focusing on high-growth and high-margin edibles and oil extracts. Management's goal is to build a robust production and distribution platform for nationally-branded marijuana-infused products. These products include the Company's flagship FLï brand, exclusive license to certain products bearing the likeness of the legendary guitarist Jimi Hendrix, and innovative products like its Dab Stick for cannabis oil consumers.
The company has also developed a proprietary extraction and manufacturing process, which is based on the cold ethanol distillation that gives its business model some compelling economics. The process is able to turn up to 50 pounds of trim/shake per day into oil extracts, with an estimated 10% yield. It estimates that the high quality extract sells for $20-30 per gram on the wholesale market, which creates compelling profit margins, particularly for distillate oils that result from its process. In Colorado, it is estimated that Palo Verde can process around 100 lbs per week under the current configuration, which is being increased weekly by their staff.
Over the past three years, the company has made a string of acquisitions and strategic investments aimed at realizing this vision. Its geographic footprint includes its key four states of CO, IL, NV, and OR, along with planned expansion into several other states in the future, including California, Arizona, Washington State, Michigan, and Pennsylvania. Expansion into these states will position the company to capitalize on the burgeoning market and make it a leader in the space.
Growing Presence in Various States
Nutritional High has a growing presence in four different states with plans to expand into at least five additional states in the near future. This presence includes several different types of cannabis business across the value chain, including cultivation companies, extraction companies, and retail dispensaries.
Colorado
The company established one of the state's largest and most automated oil extraction facilities and secured licenses through agreements with Palo Verde LLC. With Phase I completed, the company's partner is finalizing the permitting process with technical personnel and local authorities to expand product offering to include edibles. The company aims to complete Phase II by mid-2017 with a cultivation facility in place by the end of the year according to its cultivation partner GroBright Corp (currently named Lakeside Minerals).
Illinois
The company was one of the 52 applicants to receive a medical marijuana dispensary license in the state with the only dispensary located in ISP District 12. With over 18,000 applicants for the state's medical cannabis program, total retail sales topped $36 million in 2016 and nearly $54 million since the program's inception in November 2015. The company is already seeing strong month-on-month growth with a 90% customer retention rate for its Clinic Effingham, which is 50% owned by Nutritional High. The balance 50% is owned by two prominent medical cannabis groups in Illinois, which own several licensed facilities.
Nevada
The company is in the process of acquiring and transferring provisional producer and processor licenses to a 17,500 square foot industrial building with approximately 15,500 square feet of warehouse space. In addition, the company partnered with GroBright to build a cannabis cultivation and extraction facility in Henderson, NV, where a portion of the building will be acquired by GroBright to build a cannabis cultivation facility.
Oregon
The company is in the final stages of local permitting for a recreational cannabis processing license after acquiring a property in La Pine, OR for $399,000. Management anticipates construction beginning in May 2017 with permits being secured for land use compatibility and the requisite local building permits
bigmoneyyyyyyyyy
9年前
Nutritional High provides an update on its investee company Aura Health Corp.
C.EAT | 20 hours ago
TORONTO, ONTARIO--(Marketwired - April 6, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (CSE:EAT.CN) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce an update pertaining to the business developments of Aura Health Corp. ("AHC"). As announced in the Company's press release dated December 28, 2016, Nutritional High owns approximately 24% of AHC and has provided a short-term loan in the amount of US $120,000.
Business Strategy and Expansion Plan Update
AHC's business plan is focused on investing in medical marijuana patient clinics in the United States, where permitted by applicable regulation. At this time, the primary focus are Cole Memo compliant US states, however, in the future AHC may also expand into Canada and other countries where medical cannabis is permitted by regulation.
In addition to the current projects in the States of Nevada and Arizona, AHC also intends to pursue expansion opportunities in the State of Florida, which has legalized cannabis for medical use on November 9, 2016, by passing Amendment 2 ballot measure.
AHC currently has an agreement with Sun Valley Clinics, which provides AHC an option to acquire 51% ownership in up to 10 clinics. AHC has commenced discussions with Sun Valley to expand the scope of the agreement to increase the number of clinics to co-invest into with Sun Valley.
State of Nevada
The first project that AHC has undertaken was the clinic investment in Las Vegas, NV. AHC is pleased with the ramp-up being on budget as in the past two months with weekly patient volume exceeding break even a number of times suggesting the clinic is ramping up as expected.
Despite the passage of Question 2 last November, which has legalized cannabis for adult recreational use in the State of Nevada, experience in other recreational states show that the patients recognize the considerable benefits of participating in the medical program. Such benefits include a wider range of products with more varying THC and CBD contents at a lower cost per unit and lower retail taxes. In addition, the implementation of Question 2 could take a year or longer, and AHC expects the Nevada clinic to continue growing.
State of Arizona
To date, AHC has completed an acquisition of 30% interest in two clinics in the state of Arizona - one in Mesa and one in Tucson. The location of the clinic in Mesa is on one busiest intersections in city, with 50,000 cars per day passing in two directions that can see Sun Valley external signage. The Tucson location was previously a dental clinic, which was closed due to owner's retirement who stated this was his highest volume clinic of three that he owned in the city.
The build-out of both clinics is nearing completion with both expected to open in April 2017. AHC's operating partners have also began pre-marketing and retaining key staff and doctors for both clinics, as well as developing referral partnerships with dispensaries throughout the state.
Corporate Update
AHC has appointed MNP LLP as its auditor, which is nearing completion of it's the financial statement audit for the year ended December 31, 2016. AHC has also appointed Branson Corporate Services Inc. to provide accounting and CFO support.
About Aura Health Corp. and Green Global Properties Inc.
Since June 2016, AHC and its subsidiaries has been involved in the development and acquisition of marijuana health clinics in the United States. The medical health clinics test prospective patients, and where such patients are found to have one of the qualifying medical conditions, the clinics issue medical-use certificates.
AHC owns 30% interest in a clinic in Las Vegas, NV and a 30% interest in a clinic being launched in Mesa, AZ. AHC also has the option to increase its ownership interest in these clinics to 51% and to acquire up to 51% interest in 8 additional clinics being launched by Sun Valley Holdings ("Sun Valley"), a private company based in Phoenix, Arizona, which also operates three wholly owned clinics in Arizona and is the largest clinic owner and operator in the state of Arizona.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visitwww.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
David Posner, Chairman of the Board
Nutritional High International Inc.
647-985-6727
dposner@nutritionalhigh.com
Greg Shafransky, Investor Relations
360 Aviation Services Inc.
604-671-3327
stockshaman@outlook.com
Read more at http://www.stockhouse.com/news/press-releases/2017/04/06/nutritional-high-provides-an-update-on-its-investee-company-aura-health-corp#jFbdygFB8wL7olam.99
bigmoneyyyyyyyyy
9年前
Nutritional High Announces an Update at Its Dispensary Project in Effingham Illinois
C.EAT | 16 hours ago
TORONTO, ONTARIO--(Marketwired - April 5, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT)(CSE:EAT.CN)(OTCQB:SPLIF)(FRANKFURT:2NU) is pleased to announce an update for its medical cannabis dispensary in Effingham, IL. Since its grand opening in September 2016, The Clinic Effingham ("TCE") has experienced a strong month-to-month growth in sales and stable gross margins, which are attributed to an expanding patient count and a strong patient and physician outreach program.
TCE achieves a monthly returning patient rate of over 90%, which demonstrates a strong and loyal customer base. To service the patient base, TCE has started working with more cultivators licensed with Illinois Department of Agriculture to expand its product offering, and has also hired additional staff in the effort to provide exceptional customer service.
Given the current pace of business, the need for further capital investment has been greatly reduced and the business is running on a profitable basis before tax. Nutritional High has been impressed with TCE's performance and is looking forward to its continued growth.
Jim Frazier, CEO of Nutritional High commented: "We are excited to see the continuing growth of The Clinic Effingham. We are excited to be a part of this important market as the growth continues to accelerate. On behalf of the Nutritional High team we would like to cordially thank our partners for their continuous support and assistance."
Adam Szweras, Director and Secretary of Nutritional High commented: "We're very proud of the tremendous growth TCE staff has achieved over a relatively short period that the dispensary has been operating. The medical cannabis market in the State of Illinois is a model for the country and the world. We are pleased that TCE revenue growth has surpassed our expectations. On behalf of the Nutritional High team I would like to thank TCE team for their hard work."
Medical Cannabis Pilot Program Update
As reported by The Illinois Department of Public Health ("IDPH") on April 5, 20171 has approved applications for approximately 18,300 qualifying patients, since it began accepting applications on September 2, 2014, and approximately 21,300 individuals have submitted a complete application to IDPH. Total retail sales of medical cannabis in the State of Illinois for March totaled $6,352,459, which brings the total retail sales by licensed medical cannabis dispensaries for the calendar 2016 to just over $36 million and to almost $54 million since the program's inception in November 2015. At this time there are 52 medical cannabis dispensaries operating in the state, with TCE continuing to be the only one in ISP District 12.
Sale of Property in Lawrenceville, IL and Option Issuance
Since the Company has elected to move its dispensary from Lawrenceville, IL to Effingham, IL (please see press release dated June 17, 2016), the Company has sold the Lawrenceville property back to its original vendors by paying a consideration of $80,000 in lieu of forgiving the outstanding seller take-back mortgage (please see press release dated June 17, 2016) in the amount of approximately USD $237,000.
The Company's board has also approved the issuance of 5,300,000 stock options ("Stock Options") to directors and consultants. Each Stock Option is exercisable into Common Shares at a price of $0.15 per Common Share for a period of five years from the date of issuance, subject to certain vesting provisions with accordance with the Company's stock option plan.
1 https://www.illinois.gov/gov/mcpp/Pages/update04052017.aspx
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visitwww.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
David Posner
Chairman of the Board
Nutritional High International Inc.
647-985-6727
dposner@nutritionalhigh.com
Greg Shafransky
Investor Relations
360 Aviation Services Inc.
604-671-3327
stockshaman@outlook.com
Read more at http://www.stockhouse.com/news/press-releases/2017/04/05/nutritional-high-announces-an-update-at-its-dispensary-project-in-effingham#PUVHqrD2Od2Jl5T4.99
bigmoneyyyyyyyyy
9年前
Nutritional High Provides Q2 Operational Update and Financial Results
C.EAT | 1 day ago
TORONTO, ONTARIO--(Marketwired - April 4, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (CSE:EAT.CN) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce an overview of the milestones that the Company has accomplished during its second quarter ended January 31, 2017, and Q2 financial results.
Jim Frazier, CEO of Nutritional High commented - "This past quarter has been crucial in our Company's development cycle. Achieving commercial production in Colorado demonstrates our proof of concept, which the team is working on replicating in other US states. The Company has also announced developments regarding expansion into other states and progress on the product front. I would like to thank our shareholders for their following and their continuous support."
Q2 Financial Highlights
The Consolidated Financial Statements and Management Discussion and Analysis for the Quarter Ended have been filed on www.sedar.com. Outlined below is a summary of key highlights (in CAD unless otherwise noted), however, we encourage shareholders to review the documents in their entirety.
The revenue for 6 months ended January 31, 2017 was $331,464, which was comprised of interest income and rent income, payable from Palo Verde. As of January 31, 2017, a total of $1,460,362 was owed to Nutritional High from Palo Verde LLC ("Palo Verde"), of which approximately $480,000 was recognized as impairment on the amount receivable.The Company had total assets of approximately $9.7 million, of which, approximately $5.8 million was comprised of cash. The balance was comprised of investment properties, amounts due from Palo Verde, capital assets (mostly comprised of equipment), accounts receivable, licenses, investments and property deposits.A key statistic that we would like to highlight is the investments account of $639,826, which contains the investments that the Company has made for its Illinois project, The Clinic Effingham ("TCE"), which had revenue of $368,469 and a net loss of $85,030 as sales commenced on September 17, 2016. The Illinois project is presented on the financial statements using equity method, rather than consolidation.
The Company would also like to note that due to residency requirements in the State of Colorado the Company may not control (or indeed have an ownership interest in) Palo Verde, and as such, it may not consolidate the financial performance of Palo Verde. Since the Company has completed the build-out and equipment installation at its Pueblo facility, Palo Verde has purchased and processed into oil 230 pounds of trim and shake.
Q2 Milestones Highlights
Q2 has been a very busy and exciting for the Company. Below is a summary of key milestones that Nutritional High has achieved since October 31, 2016:
Announcement of California Expansion Strategy;Closing of Private Placement for gross proceeds of ~$5.5 million;Acquisition of interest in Aura Health and expansion updates thereto;Launch of its flagship FLI brand;Acquisition of Dabstick product;Launch of our new website;Addition to The Marijuana Index which is owned and managed by MJIC, Inc.;Announced agreement to acquire Nevada Licenses and a Real Estate Property in Henderson, NV;Commencement of commercial production by Palo Verde at Pueblo, CO, facility;Acquisition of additional equipment for lease to Palo Verde to increase marijuana oil production capacity;Announcement of joint venture with Lakeside to build-out grow facilities in Pueblo, CO, and Henderson, NV: andClosed acquisition of a real estate property in La Pine, OR and provided an update on licensing.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visitwww.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration, or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Nutritional High International Inc.
David Posner
Chairman of the Board
647-985-6727
dposner@nutritionalhigh.com
360 Aviation Services Inc.
Greg Shafransky
Investor Relations
604-671-3327
stockshaman@outlook.com
Read more at http://www.stockhouse.com/news/press-releases/2017/04/04/nutritional-high-provides-q2-operational-update-and-financial-results#7SwMvQxQH9OxYZ7h.99