OSI Restaurant Partners, Inc. Reports Comparable Store Sales
April 05 2007 - 9:00AM
PR Newswire (US)
TAMPA, Fla., April 5 /PRNewswire-FirstCall/ -- OSI Restaurant
Partners, Inc. (NYSE:OSI) today reported that comparable store
sales and average unit volumes for the Company's significant
restaurant brands for the quarter ended March 31, 2007 compared to
the same quarter in 2006 changed by approximately: Franchise and
Company- development System-wide owned joint venture Quarter ended
March 31, 2007 Domestic comparable store sales (stores open 18
months or more) Outback Steakhouses -0.3% -1.9% -0.5% Carrabba's
Italian Grills -1.3% n/a -1.3% Bonefish Grills -0.8% 0.3% -0.7%
Fleming's Prime Steakhouse and Wine Bars 3.3% n/a 3.3% Roy's -2.1%
n/a -2.1% Domestic average unit volumes Outback Steakhouses -0.1%
-2.2% -0.4% Carrabba's Italian Grills -2.8% n/a -2.8% Bonefish
Grills -3.8% 1.3% -3.4% Fleming's Prime Steakhouse and Wine Bars
-1.6% n/a -1.6% Roy's -2.5% n/a -2.5% Sales information for the
first quarter is preliminary and subject to final determination of
gift card sales. Final sales results will be provided as part of
the first quarter earnings release. Changes in comparable store
sales and average unit volumes for domestic, Company-owned
restaurants for the quarter include year-to-year menu price changes
of approximately: Company-owned menu Quarter ended March 31, 2007
price changes (1) Outback Steakhouses 0.4% Carrabba's Italian
Grills 3.2% Bonefish Grills 1.9% (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. Five-week Period Ended March 31,
2007 - Comparable Store Sales Comparable store sales and average
unit volumes for the Company's significant restaurant brands for
the five-week period ended March 31, 2007 compared with the
five-week period in 2006 changed by approximately: Franchise and
Company- development System-wide owned joint venture Five weeks
ended March 31, 2007 Domestic comparable store sales (stores open
18 months or more) Outback Steakhouses 0.2% -2.2% -0.1% Carrabba's
Italian Grills -0.7% n/a -0.7% Bonefish Grills -1.0% -0.5% -1.0%
Fleming's Prime Steakhouse and Wine Bars 0.7% n/a 0.7% Roy's -1.6%
n/a -1.6% Domestic average unit volumes Outback Steakhouses 0.4%
-3.2% -0.1% Carrabba's Italian Grills -2.3% n/a -2.3% Bonefish
Grills -3.4% 0.2% -3.2% Fleming's Prime Steakhouse and Wine Bars
-4.1% n/a -4.1% Roy's -1.5% n/a -1.5% Changes in comparable store
sales and average unit volumes for domestic, Company-owned
restaurants for the five-week period include year-to-year menu
price changes of approximately: Company-owned menu Five weeks ended
March 31, 2007 price changes (1) Outback Steakhouses 0.5%
Carrabba's Italian Grills 3.2% Bonefish Grills 1.5% (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. Restaurants opened
during the Restaurants month ended open as of March 31, 2007 March
31, 2007 Outback Steakhouses Company-owned - domestic 3 684
Company-owned - international 1 122 Franchised and development
joint venture - domestic - 107 Franchised and development joint
venture - international 1 45 Total 5 958 Carrabba's Italian Grills
Company-owned 2 234 Bonefish Grills Company-owned 1 120 Franchised
- 7 Total 1 127 Fleming's Prime Steakhouse and Wine Bars
Company-owned 2 50 Roy's Company-owned - 23 Cheeseburger in
Paradise Company-owned 1 40 Lee Roy Selmon's Company-owned - 6 Blue
Coral Seafood and Spirits Company-owned - 2 System-wide total 11
1,440 The OSI Restaurant Partners, Inc. restaurant system operates
in 50 states and 20 countries internationally. DATASOURCE: OSI
Restaurant Partners, Inc. CONTACT: Dirk Montgomery or Lisa
Hathcoat, both of OSI Restaurant Partners, +1-813-282-1225 Web
site: http://www.osirestaurantpartners.com/
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