OSI Restaurant Partners, Inc. Reports Comparable Store Sales
March 01 2007 - 5:00PM
PR Newswire (US)
TAMPA, Fla., March 1 /PRNewswire-FirstCall/ -- 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 February 24, 2007 compared with the
same four-week period in 2006 changed by approximately: Franchise
and Company- development System-wide Four weeks ended February 24,
2007 owned joint venture Domestic comparable store sales (stores
open 18 months or more) Outback Steakhouses -1.1% -2.6% -1.3%
Carrabba's Italian Grills -2.0% n/a -2.0% Bonefish Grills -1.3%
2.0% -1.1% Fleming's Prime Steakhouse and Wine Bars 6.0% n/a 6.0%
Roy's -1.4% n/a -1.4% Domestic average unit volumes Outback
Steakhouses -0.9% -2.5% -1.1% Carrabba's Italian Grills -3.6% n/a
-3.6% Bonefish Grills -4.0% 3.7% -3.6% Fleming's Prime Steakhouse
and Wine Bars 0.3% n/a 0.3% Roy's -1.8% n/a -1.8% 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 Four
weeks ended February 24, 2007 price changes (1) Outback Steakhouses
0.4% Carrabba's Italian Grills 3.2% Bonefish Grills 2.2% (1)
Reflects nominal amounts of menu price changes, prior to any change
in product mix because of price increases, and may not reflect
amounts effectively paid by the customer. Menu price increases are
not provided for Fleming's and Roy's as a significant portion of
their sales come from specials, which fluctuate daily. STORE
INFORMATION Restaurants opened/(closed) Restaurants during the
month open ended as of February 28, 2007 February 28, 2007 Outback
Steakhouses Company-owned - domestic (1) 681 Company-owned -
international 1 121 Franchised and development joint venture -
domestic - 107 Franchised and development joint venture -
international - 44 Total 0 953 Carrabba's Italian Grills
Company-owned 1 232 Bonefish Grills Company-owned 3 119 Franchised
- 7 Total 3 126 Fleming's Prime Steakhouse and Wine Bars
Company-owned 1 48 Roy's Company-owned - 23 Cheeseburger in
Paradise Company-owned 1 39 Lee Roy Selmon's Company-owned 1 6 Blue
Coral Seafood and Spirits Company-owned - 2 System-wide total 7
1,429 The OSI Restaurant Partners, Inc. restaurant system operates
in 50 states and 20 countries internationally. Additional
Information and Where to Find It In connection with the proposed
acquisition of OSI Restaurant Partners by an investor group
comprised of investment funds affiliated with Bain Capital
Partners, LLC and Catterton Management Company LLC, a definitive
proxy statement of OSI Restaurant Partners and other materials will
be filed with the SEC. WE URGE INVESTORS TO READ THE DEFINITIVE
PROXY STATEMENT AND THESE OTHER MATERIALS CAREFULLY WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT OSI RESTAURANT PARTNERS AND THE PROPOSED TRANSACTION.
Investors will be able to obtain free copies of the definitive
proxy statement (when available) as well as other filed documents
containing information about OSI Restaurant Partners at
http://www.sec.gov/, the SEC's free internet site. Free copies of
OSI Restaurant Partners' SEC filings are also available on OSI
Restaurant Partners' internet site at
http://www.osirestaurantpartners.com/. Participants in the
Solicitation OSI Restaurant Partners and its executive officers and
directors may be deemed, under SEC rules, to be participants in the
solicitation of proxies from OSI Restaurant Partners' stockholders
with respect to the proposed transaction. Information regarding the
officers and directors of OSI Restaurant Partners is included in
its definitive proxy statement for its 2006 annual meeting filed
with the SEC on March 30, 2006. More detailed information regarding
the identity of potential participants, and their direct or
indirect interests, by securities, holdings or otherwise, will be
set forth in the definitive proxy statement and other materials to
be filed with SEC in connection with the proposed transaction.
DATASOURCE: OSI Restaurant Partners, Inc. CONTACT: Lisa Hathcoat or
Dirk Montgomery of OSI Restaurant Partners, Inc., +1-813-282-1225
Web site: http://www.osirestaurantpartners.com/
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