Business Description

Nature of Operations The Company is principally engaged in the ownership, operation, development and franchising of the Chili’s ® Grill & Bar (“Chili’s”) and Maggiano’s Little Italy ® (“Maggiano’s”) restaurant brands. As of June 24, 2026, we owned, operated or franchised 1,635 restaurants, consisting of 1,163 Company-owned restaurants and 472 franchised restaurants, located in the United States, 28 other countries and two United States territories. On June 1, 2026, we executed an asset purchase agreement with a franchisee for the acquisition of 12 Chili’s restaurants located in Alabama and Mississippi, including the real estate for six of the locations. The transaction is expected to close on August 27, 2026 for a purchase price of approximately $27.5 million.