OSI Restaurant Partners, Inc. Reports Comparable Store Sales

2006-08-31
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  • Restaurant News Resource OSI Restaurant Partners, Inc. (NYSE:OSI) today reported that comparable store sales and average unit volumes for the Company's restaurant brands for the four-week period ended August 26, 2006 compared with the same four-week period in 2005 changed by approximately:

                                                         Franchise
    Company- and System-wide
    owned development
    joint
    venture
    Four weeks ended August 26, 2006
    Domestic comparable store sales
    (stores open 18 months or more)
    Outback Steakhouses -4.6 % -5.1 % -4.7 %
    Carrabba's Italian Grills -5.2 % n/a -5.2 %
    Bonefish Grills -1.2 % -7.7 % -1.7 %
    Fleming's Prime Steakhouse
    and Wine Bars 2.4 % n/a 2.4 %
    Roy's -3.6 % n/a -3.6 %

    Domestic average unit volumes
    Outback Steakhouses -4.6 % -5.2 % -4.7 %
    Carrabba's Italian Grills -7.4 % n/a -7.4 %
    Bonefish Grills -1.3 % -17.5 % -2.3 %
    Fleming's Prime Steakhouse
    and Wine Bars -0.6 % n/a -0.6 %
    Roy's -4.1 % n/a -4.1 %


    Changes in comparable store sales and average unit volumes for domestic, Company-owned restaurants for the four-week period include year to year menu price changes of approximately:

                                                             Company-owned menu
    price changes (1)
    Four weeks ended August 26, 2006
    Outback Steakhouses 0.8 %
    Carrabba's Italian Grills 0.6 %
    Bonefish Grills 0.8 %


    The Company continued to note sales across all concepts were negatively impacted by weakness in casual dining segment traffic.

                                                  Restaurants
    opened Restaurants
    during the open
    month ended as of
    August 31, August 31,
    2006 2006

    Outback Steakhouses
    Company-owned - domestic 4 681
    Company-owned - international 1 115
    Franchised and development joint
    venture - domestic 1 107
    Franchised and development joint
    venture - international -- 44
    Total 6 947
    Carrabba's Italian Grills
    Company-owned 5 217
    Bonefish Grills
    Company-owned 3 107
    Franchised -- 7
    Total 3 114
    Fleming's Prime Steakhouse and Wine Bars
    Company-owned -- 42
    Roy's
    Company-owned -- 22
    Cheeseburger in Paradise
    Company-owned 1 37
    Lee Roy Selmon's
    Company-owned -- 5
    Blue Coral Seafood and Spirits
    Company-owned 1 1

    System-wide total 16 1,385


    The OSI Restaurant Partners, Inc. restaurant system operates in 50 states and 21 countries internationally.

    Logos, product and company names mentioned are the property of their respective owners.

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