This summary is based on the fourth quarter fiscal 2007 earnings call conducted by Bricker International, Inc. (EAT: chart) on August 9, 2007.

Chairman, CEO: Doug Brooks
CFO: Chuck Sonsteby
IR: Lynn Schweinfurth

Key Investors Issues

- Annual revenue were up $200 million to $4.4 billion.
- Full year earnings increased by 8% to $230 million.
- Dividends, amounting to $40.9 million, were paid out during the year.
- The company repurchased 18.6 million common shares for $569.3 million.
- Plans of the disposition of Macaroni Grill were announced .

Full Year 2007 Highlights

- Revenues grew 5% to $4.4 billion from $4.2 billion in 2006.
- Income rose to $230 million from $212.4 million in the prior year.
- Earnings per share strengthened 14% to $1.85 a share.
- Cash flows were $485 million, exceeding capital expenditures by $50 million, leading to an improvement in cash flow return on gross investment from 16.8% in 2006 to 18.3%.

Fourth Quarter Highlights

- Income increased 14.5% from $73 million in the prior year to $83.6 million.
- EPS improved by 14 cents a share from 57 cents a share in 2006 to 71 cents a share.
- Revenues rose 6.5% to $1.14 billion from $1.07 billion in 2006.
- Capacity increased 8.7% from the prior year due to 117 more company-owned restaurants and prior to the sale of the 95 Chili''s to PDI.
- Comparable sales decreased 2% driven by a 0.8% increase in price, a 0.4% increase in mix and a 3.2% decrease in traffic.
- Franchise revenues were $15 million, up 40% as a result of 62 more franchise restaurants and $4 million collected in initial franchise and development fees from PDI.
- Chili''s posted a 1.6% slump in comparable store sales mainly because of cannibalization from new restaurants.

Cannibalization, factored into new restaurant investment model and sales projections, must meet required return hurdle rate for investment to be approved.

- Chili''s is currently promoting its new Fired-Up Favorites, which drove positive July comparable store sales results.
- Additional product extensions to Chili''s signature menu platforms are planned.

Romano''s Macaroni Grill reported a decrease in same-store sales of 2.1%, driven by a 1.8% increase in pricing, a 2.1% increase in mix and a 6% decline in traffic.

- Mac Grill continues to roll out new product features and menu items displaying their robust product pipeline, i.e. the overstuffed ravioli platform and the new Sizzling Sensations.
- Discussions are in early stages for the disposal of the Macaroni Grill brand.

On the Border same-store sales decreased 4.7%, driven by a 0.2% increase in price, a 0.1% decrease in mix and a 4.8% decrease in traffic.

- A new menu was rolled out including new offerings like the spicy buffalo chicken tacos, chicken chipotle fajitas and the grilled steak salad.
- The new Border Smart section of the menu offers healthful entrees with less than 800 calories and less than 30% fat.

Maggiano''s comparable store sales were down 1.3%, driven by a price increase of 0.9%, a 1.4% decrease in mix and a 0.8% decrease in traffic.

- The new Little Italy favorites continue to be popular with guests.

Expenses were up 20 basis points to 54.9%, due to increased state minimum wages and higher pre-opening expenses of almost $2 million.

- G&A was down 50 basis points to 4.6% from 5.1% a year ago, as a result of lower performance-based compensation expenses.
- Interest expense rose by 104% to $11.6 million from $5.7 million in 2006, due to the use of a $400 million, one year, unsecured committed credit facility to fund accelerated share repurchase of $297 million.

Continued Reorganisation:

- The company opened 149 company-owned and 46 franchised restaurants, including 30 international restaurants.
- The company sold 95 company-owned Chili''s restaurants to Pepper Dining, Inc., a new franchisee, with commitments to develop an additional14-38 new franchised Chili''s locations.
- The company sold 15 Chili''s and two On the Border restaurants to franchisees, with commitments to develop an additional 31 new franchised Chili''s and 10 On The Border locations.
- Brinker signed agreement with an existing franchisee, ERJ Dining IV, LLC, to sell 76 company-owned Chili''s restaurants with commitments to develop an additional 49 new franchised Chili''s locations.

- The company entered into 18 development agreements with new or existing franchisees with commitments to build 130-154 restaurants over time.
- The company increased investment in team members, particularly at the hourly and restaurant management levels, to improve the overall guest experience, increase restaurant employee tenure and reduce future restaurant training and hiring costs.
- Brinker sold $254.7 million in gift cards system wide, redeemable across Brinker''s portfolio of restaurant brands.
- The company piloted a new customer engagement survey with a system wide rollout beginning in fiscal 2008.

- The Pepper Dining transaction, which was completed on the last day of the fiscal year was not included in the results.

Franchising arrangements: