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BRINKER INTERNATIONAL, INC. REPORTS REVENUES UP 21.8 PERCENT AND NET INCOME UP 28.6 PERCENT FOR THE FIRST FISCAL QUARTER

BRINKER INTERNATIONAL, INC. REPORTS REVENUES UP 21.8 PERCENT AND NET
 INCOME UP 28.6 PERCENT FOR THE FIRST FISCAL QUARTER
 DALLAS, Oct. 21 /PRNewswire/ -- Brinker International, Inc. reported revenues of $151.2 million for the first fiscal quarter ended Sept. 30, 1992, an increase of 21.8 percent over the $124.1 million reported for the same quarter of fiscal 1992. Income before income taxes increased to $16.6 million, 29.7 percent above the $12.8 million reported in fiscal 1992. Net income rose 28.6 percent from $8.4 million to $10.8 million, while primary net income per share increased 29.6 percent from $0.27 to $0.35. Brinker's comparable store sales for the first quarter of fiscal 1993 rose 2.1 percent over the same quarter last year.
 Brinker currently owns and operates three primary restaurant concepts under the names of Chili's Grill & Bar, Grady's American Grill and Romano's Macaroni Grill.
 Brinker opened five company-operated Chili's restaurants and one franchised unit during the quarter. These new openings increase the total number of Chili's restaurants system-wide to 281 operating in 39 states and Canada. Brinker plans to open eight company-operated Chili's restaurants, five to seven franchised units and one joint venture unit during the second quarter. In addition to the 17 Grady's and 13 Romano's restaurants currently open, Brinker anticipates opening two Grady's and two Romano's restaurants during the second quarter.
 Chili's are full-service restaurants featuring a casual atmosphere and a limited menu of freshly prepared chicken, beef and seafood entrees, hamburgers, ribs, fajitas, sandwiches, salads, appetizers, desserts and a full-service bar. Grady's restaurants are casual, upscale dinner houses that feature fresh seafood, prime rib, steaks, pasta, salads, sandwiches, appetizers, desserts and a full-service bar. Romano's are full-service Italian restaurants featuring appetizers, salads, seafood, meat and pasta entrees, and desserts with a limited wine and beer selection.
 (in thousands, except per share amounts)
 (Unaudited)
 1992 1991
 Revenues $151,176 $124,099
 Income Before
 Provision for
 Income Taxes 16,611 12,848
 Net Income 10,838 8,416
 Primary Net Income
 Per Share 0.35 0.27
 Primary Weighted
 Average Shares
 Outstanding 31,318 30,849
 BRINKER INTERNATIONAL, INC.
 CONSOLIDATED STATEMENTS OF INCOME
 FIRST QUARTER
 (In thousands, except per share amounts)
 (Unaudited)
 THREE MONTHS ENDED
 SEPTEMBER 30,
 1992 1991
 Revenues $151,176 $124,099
 Costs and Expenses:
 Cost of Sales 41,583 34,563
 Restaurant Expenses 77,416 64,133
 Depreciation and Amortization 8,356 6,334
 General and Administrative 7,985 6,988
 Other, Net (775) (767)
 Total Costs and Expenses 134,565 111,251
 Income Before Provision for
 Income Taxes 16,611 12,848
 Provision for Income Taxes 5,773 4,432
 Net Income $ 10,838 $ 8,416
 Primary Net Income Per Share $ 0.35 $ 0.27
 Primary Weighted Average
 Shares Outstanding 31,318 30,849
 CONDENSED BALANCE SHEETS
 (Thousands of dollars)
 September 30, 1992 June 30, 1992
 (Unaudited)
 Current Assets $ 23,702 $ 30,916
 Net Property 274,281 260,177
 Other Assets 53,868 46,219
 Total Assets $351,851 $337,312
 Current Liabilities $ 63,537 $ 62,157
 Long-term
 Liabilities 21,474 21,060
 Shareholders' Equity 266,840 254,095
 Total Liabilities
 and Shareholders'
 Equity $351,851 $337,312
 -0- 10/21/92
 /CONTACT: Debra Smithart, executive vice president and chief financial officer, of Brinker International, 214-980-9917/
 (EAT) CO: Brinker International, Inc. ST: Texas IN: LEI SU: ERN


KD -- NY040 -- 2784 10/21/92 10:30 EDT
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Date:Oct 21, 1992
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