Outback Steakhouse, Inc. Reports Comparable Store Sales
February 02 2006 - 8:00AM
PR Newswire (US)
TAMPA, Fla., Feb. 2 /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
four-week period ended January 28, 2006 compared with the same
four-week period in 2005 changed by approximately: 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." STORE
INFORMATION Restaurants opened/(closed) Restaurants during the
month open ended as of January 31, January 31, 2006 2006 Outback
Steakhouses Company-owned - domestic (2) 668 Company-owned -
international 2 90 Franchised and development joint venture -
domestic 1 106 Franchised and development joint venture -
international -- 52 Total 1 916 Carrabba's Italian Grills
Company-owned 2 202 Bonefish Grills Company-owned 5 91 Franchised
-- 4 Total 5 95 Fleming's Prime Steakhouse and Wine Bars
Company-owned 1 40 Roy's Company-owned -- 20 Cheeseburger in
Paradise Company-owned 3 30 Paul Lee's Chinese Kitchens
Company-owned -- 4 Lee Roy Selmon's Company-owned -- 3 System-wide
total 12 1,310 The Outback Steakhouse, Inc. restaurant system
operates in 50 states and 21 countries internationally. First Call
Analyst: FCMN Contact: heatheralford@outback.com DATASOURCE:
Outback Steakhouse, Inc. CONTACT: Lisa Hathcoat or Dirk Montgomery,
both of Outback, +1-813-282-1225 Web site: http://www.outback.com/
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