Brinker International Inc. reported a 37.8-percent decrease in net income for the June 25-ended fourth quarter, which included about $39.5 million in charges for litigation reserves, the company said Thurdsay.
The Dallas-based parent of the Chili's Grill & Bar and Maggiano's Little Italy restaurants reported net income of $28.82 million, or 43 cents per share, for the quarter, falling from $46.37 million, or 64 cents a share, in the prior-year period.
The litigation reserves were largely for potential settlements related to meal period and rest break class action rulings in California, the company said.
Brinker International has 1,615 casual-dining restaurants, with 1,569 Chili’s locations and 46 Maggiano’s units.
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