Tranche Update on Brinker International, Inc.'s Equity Buyback Plan announced on February 9, 1998.
November 01, 2023 at 05:03 pm EDT
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From June 29, 2023 to September 27, 2023, the company has repurchased 700,000 shares, representing 1.57% for $21.74 million. With this, the company has completed the repurchase of 130,771,840 shares, for $4,389.39 million under the buyback announced on February 9, 1998.
Brinker International, Inc. is a casual dining restaurant company. The Company owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands, as well as a virtual brand, Its Just Wings. The Company operates through two segments: Chiliâs and Maggianoâs. The Chiliâs segment includes the Company-owned Chiliâs restaurants, which are principally located in the United States, within the full-service casual dining segment of the industry. The Chiliâs segment also has Company-owned restaurants in Canada, and franchised locations in the United States, other countries and two United States territories. The Maggianoâs segment includes the Company-owned Maggianoâs restaurants in the United States as well as its domestic franchise business. The Company owns, operates or franchises approximately 1,600 restaurants in approximately 29 countries and two United States territories.