Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the signing of a definitive agreement to acquire up to 48 corporate-operated Chili’s restaurants through a sale-leaseback transaction with certain subsidiaries of Brinker International, Inc.
Chili's Grill & Bar team member Robert Valencia accepted the 2018 National GED Testing Service Award during the Annual Testing Service Conference hosted in San Diego, California.The National GED Testing Service Award recognizes students who have earned their GED credential in the past year and demonstrated exceptional dedication and achievement throughout the process.
Brinker International spent the first quarter strategizing its turnaround story. The second was about implementation. Now, it’s time for results.The parent company of Chili’s and Maggiano’s Little Italy said during a May 1 conference call that it “started to see momentum with significant changes in traffic” during the third quarter, a period that ended March 28.
The second quarter was meaningful for Brinker International on a variety of fronts. But for the parent company of Chili’s and Maggiano’s Little Italy, one topic trumped the others: It was the first full period in Chili’s self-described “turnaround strategy.
Brinker International saw its business track upward in the second quarter, perhaps providing early proof that recent traffic-driving initiatives are paying dividends. On a per-share basis, the parent company of Chili’s and Maggiano’s Little Italy posted profit of 54 cents, or net income of 25.
Brinker International, parent company of Chili’s Grill & Bar and Maggiano’s Little Italy, launched an educational program for employees Monday called “Best You EDU.” The program, developed in partnership with Pearson, provides opportunities for Brinker employees, ranging from hourly to management, the company said.
Despite ending the first quarter of fiscal year 2018 with a 9 percent drop in traffic, a 3.4 percent drop in same-store sales, and major impacts from hurricanes Irma and Harvey, Chili’s leadership—and its investors—are hopeful.
Chili’s traffic fell nearly 9 percent during the first quarter of its fiscal 2018, which the brand attributed primarily to hurricanes Irma and Harvey. The traffic decline coincided with a 3.4 percent drop in same-store sales, compared to a 1.
Monday marked the end of an era at Chili’s. The brand introduced its “less is more” menu at all restaurants nationwide. The new menu has 75 items, which is a 40 percent cut from its previous offerings—a sign of just how massive the previous menu actually was.
Chili’s and Maggiano’s parent company Brinker International beat both profit and sales expectations for its fourth quarter of 2017 though the company posted both a revenue and sales decline of 8.1 percent.
Brinker International, Inc. announced Steve Provost was named executive vice president and chief marketing and innovation officer of Chili's Grill & Bar. In this role, Provost will lead the brand's consumer insights, culinary innovation, and marketing teams.
On Tuesday, Paradigm Restaurants announced the acquisition of all Chili's Grill & Bar franchise restaurants in Montana, Idaho, and Washington. The new management plans to make substantial investments to upgrade the restaurants' décor and equipment.
Brinker International, Inc. announced Wednesday that Kelli Valade has been named President of Chili's Grill & Bar. In this role, Valade will be responsible for overseeing all aspects of domestic restaurant operations, marketing, franchising and PeopleWorks for the brand.