Outback Steakhouse, Inc. Reports Comparable Store Sales
January 05 2006 - 8:00AM
PR Newswire (US)
TAMPA, Fla., Jan. 5 /PRNewswire-FirstCall/ -- Outback Steakhouse,
Inc. (NYSE:OSI) today reported that comparable store sales and
average unit volumes for the Company's restaurant brands for the
six-week period ended December 31, 2005 compared with the same
six-week period in 2004 changed by approximately: Franchise and
development Company- joint System- Six weeks ended December 31,
2005 owned venture wide Domestic comparable store sales (stores
open 18 months or more) Outback Steakhouses -1.2% -1.2% -1.2%
Carrabba's Italian Grills 5.2% n/a 5.2% Fleming's Prime Steakhouse
and Wine Bars 13.1% n/a 13.1% Roy's 5.7% n/a 5.7% Bonefish Grills
5.3% 8.2% 5.6% Domestic average unit volumes Outback Steakhouses
-1.4% -1.0% -1.4% Carrabba's Italian Grills 1.7% n/a 1.7% Fleming's
Prime Steakhouse and Wine Bars 5.9% n/a 5.9% Roy's 11.8% n/a 11.8%
Bonefish Grills 0.8% 8.2% 1.5% Chief Executive Officer Bill Allen
stated, "Our comparable restaurant sales for the period were
slightly lower than we anticipated, primarily driven by Outback
Steakhouse. Outback's sales were affected by the debut of our value
menu in 250 locations in the Midwest and Texas. Although our
comparable sales were lower than we expected, we are encouraged by
the increase in traffic at these restaurants and had suggested it
would take several months to offset the decrease in the average
check caused by the lower-priced menu items. Additionally, we are
very pleased with our comparable restaurant sales results at our
other brands, which continue to demonstrate solid growth." STORE
INFORMATION Restaurants opened Restaurants during the month open
ended as of December 31, December 31, 2005 2005 Outback Steakhouses
Company-owned - domestic -- 670 Company-owned - international -- 88
Franchised and development joint venture - domestic -- 105
Franchised and development joint venture - international 1 52 Total
1 915 Carrabba's Italian Grills Company-owned 1 200 Bonefish Grills
Company-owned 3 86 Franchised -- 4 Total 3 90 Fleming's Prime
Steakhouse and Wine Bars Company-owned 3 39 Roy's Company-owned --
20 Cheeseburger in Paradise Company-owned 2 27 Paul Lee's Chinese
Kitchens Company-owned -- 4 Lee Roy Selmon's Company-owned -- 3
System-wide total 10 1,298 The Outback Steakhouse, Inc. restaurant
system operates in 50 states and 21 countries internationally.
DATASOURCE: Outback Steakhouse, Inc. CONTACT: Lisa Hathcoat or Dirk
Montgomery, both of Outback Steakhouse, +1-813-282-1225 Web site:
http://www.outback.com/
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