Chili's 2014 Annual Report Download - page 5

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Maggiano’s Little Italy
Maggiano’s delivered its 18th consecutive quarter of comp sales growth,
ending the year up 0.6 percent.
Last year, the brand began growing again for the first time in five years
opening two new restaurants. The restaurants are a smaller prototype
complete with Maggiano’s signature traditional elements like high ceilings
and rich hardwood floors, but with a strategically sized kitchen and without
banquet spaces. Guest reaction to these new restaurants is encouraging,
and we are confident they will deliver targeted returns. We plan to open
four new Maggiano’s locations in 2015.
The Maggiano’s culinary team is also focused on food innovation and in the
coming year, will launch a new menu featuring a lighter take on traditional
Italian fare such as Chicken Parmesan and Fettuccine Alfredo. Our guests
tell us they want traditional Italian items with reduced calories, and we’ve
delivered. These new items have the same flavors and generous portions
with at least one-third fewer calories.
Global Business Development
The Chili’s brand continues to be strong all around the world. Our
international franchise restaurants ended the year with comp sales up 1.6
percent – the 18th consecutive quarter of positive comp sales
internationally.
During the year, we built 32 Chili’s restaurants, giving us 307 international
locations in 31 countries including two U.S. territories. In fiscal 2015, we
plan to open another 35-39 restaurants.
We also integrated the 11 restaurants we acquired from our Canadian
franchisee into our company-owned system and have begun reimaging
them. We believe Canada continues to be a growth opportunity for us, with
one new opening this year and one planned for fiscal 2015.
Our international franchisees are implementing the ‘Kitchen of the Future’
with fifty restaurants now retrofitted and two-thirds of the global system to
be completed by the end of fiscal 2015.
All of our franchisees are committed to Chili’s, and we appreciate their
support and alignment on our initiatives. We look forward to continued
strong results from our partnerships.