Outback Steakhouse, Inc. Reports Comparable Store Sales
Steakhouse, 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 January 28, 2006.
Franchise
and
Company- development System-
owned joint wide
venture
Four weeks ended January 28, 2006
Domestic comparable store sales
(stores open 18 months or more)
Outback Steakhouses 2.1 % 1.4 % 2.0 %
Carrabba's Italian Grills 7.4 % n/a 7.4 %
Fleming's Prime Steakhouse
and Wine Bars 9.0 % n/a 9.0 %
Roy's 7.5 % n/a 7.5 %
Bonefish Grills 3.9 % 0.3 % 3.7 %
Domestic average unit volumes
Outback Steakhouses 2.0 % 0.9 % 1.8 %
Carrabba's Italian Grills 4.0 % n/a 4.0 %
Fleming's Prime Steakhouse
and Wine Bars 2.7 % n/a 2.7 %
Roy's 12.0 % n/a 12.0 %
Bonefish Grills 0.0 % 0.3 % 0.4 %
The Company noted that comparable store sales across the Company's brands would have been approximately 1.8% to 2.4% lower if there had not been severe winter weather in the comparable period last year. Chief Executive Officer Bill Allen stated, "Comparable restaurant sales across all concepts were in line with management's expectations after adjusting for the impact of last year's weather. Although Outback showed marginal improvement from the December comp sales trend, we had suggested previously that the Company is in the early stages of implementing strategies for sustainable comp sales growth."